SCHEDULE: BlackRock Discloses 13.8% Stake in Donnelley Financial Solutions

BlackRock, Inc. has reported a significant beneficial ownership of 13.8% in Donnelley Financial Solutions, Inc., holding over 3.8 million common shares.

Summary

• BlackRock, Inc. reported beneficial ownership of 3,815,058 shares of common stock in Donnelley Financial Solutions, Inc. as of June 30, 2025.
• This ownership represents 13.8% of the issuer's common stock.
• BlackRock holds sole voting power over 3,765,358 shares and sole dispositive power over 3,815,058 shares.
• The filing is an Amendment No. 4 to Schedule 13G, indicating an update to a previously filed statement.
• BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• One of BlackRock's subsidiaries, iShares Core S&P Small-Cap ETF, holds more than 5% of the total outstanding common stock of Donnelley Financial Solutions, Inc.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of a significant institutional ownership stake, which is generally viewed as a positive signal of confidence from a major investor. However, it contains no operational or financial performance details of the issuer, thus limiting a strong positive sentiment.

Positives

• A major institutional investor, BlackRock, Inc., holds a significant stake (13.8%) in Donnelley Financial Solutions, Inc., which can be interpreted as a vote of confidence in the company.
• The ownership is stated to be for ordinary course of business, not for the purpose of changing or influencing control, suggesting a passive and stable investment.

Future Outlook

No forward-looking statements or guidance regarding Donnelley Financial Solutions, Inc.'s future performance or outlook are provided in this beneficial ownership disclosure.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

This Schedule 13G filing is a routine disclosure by BlackRock, Inc., one of the world's largest asset managers, detailing its significant passive investment in Donnelley Financial Solutions, Inc. Such filings provide transparency into major institutional shareholdings, which is a standard practice in the financial industry for investors crossing certain ownership thresholds.

Stakeholder Impact

• Shareholders: BlackRock's significant stake could be viewed positively by other shareholders, potentially signaling stability or confidence in the company's long-term prospects.

Key Dates

Keywords

BlackRock, Donnelley Financial Solutions, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, DFIN