SCHEDULE: BlackRock Reports 8.3% Stake in Under Armour Common Stock

BlackRock, Inc. has reported an 8.3% beneficial ownership stake in Under Armour Inc.'s common stock, holding over 16.6 million shares.

Summary

• BlackRock, Inc. has filed an Amendment No. 3 to Schedule 13G, disclosing its beneficial ownership in Under Armour Inc.'s Common Stock.
• As of December 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 16,606,506 shares of Under Armour Inc. Common Stock.
• This aggregate amount represents 8.3% of the class of securities.
• BlackRock, Inc. holds sole voting power over 16,245,984 shares.
• BlackRock, Inc. holds sole dispositive power over 16,606,506 shares.
• No shared voting or dispositive power is reported.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Under Armour Inc.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of institutional ownership. The maintenance of a significant stake by a major asset manager like BlackRock can be seen as a moderately positive signal for Under Armour, indicating continued institutional confidence, though it does not contain new operational or financial news.

Positives

• A significant institutional investor like BlackRock maintaining an 8.3% stake can be viewed as a vote of confidence in Under Armour Inc.

Future Outlook

The filing does not contain forward-looking statements or guidance from Under Armour Inc. BlackRock's statement indicates that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Management Comments

• "By signing below I certify that, 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."

Industry Context

This filing represents a routine disclosure by a major institutional asset manager, BlackRock, Inc., regarding its passive investment stake in a publicly traded company, Under Armour Inc. Such disclosures are common for large investment firms that manage significant portfolios across various industries.

Stakeholder Impact

• Shareholders of Under Armour Inc. may view BlackRock's continued significant ownership as a positive indicator of institutional confidence in the company's long-term prospects.

Key Dates

Keywords

Under Armour, BlackRock, Institutional Ownership, Common Stock, Schedule 13G, Beneficial Ownership