BlackRock holds 10.9% of Array Technologies (ARRY) common stock
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. has filed Amendment No. 7 to a Schedule 13G reporting a passive ownership stake in Array Technologies, Inc. common stock. BlackRock reports beneficial ownership of 16,575,687 shares, representing 10.9% of the outstanding common stock.
BlackRock reports sole voting power over 16,344,076 shares and sole dispositive power over 16,575,687 shares, with no shared voting or dispositive power. The filing states the securities are held in the ordinary course of business, not for the purpose of changing or influencing control, and that various underlying clients have economic interests, with no single client holding more than 5% of the class.
Positive
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Negative
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FAQ
What percentage of Array Technologies (ARRY) does BlackRock currently own?
BlackRock reports beneficial ownership of 10.9% of Array Technologies’ common stock. This corresponds to 16,575,687 shares, giving BlackRock a significant institutional position while remaining a passive investor under Schedule 13G rules.
Is BlackRock’s stake in Array Technologies (ARRY) considered passive or active?
BlackRock characterizes its Array Technologies stake as passive. The certification states the shares were acquired and are held in the ordinary course of business, not to change or influence control, consistent with a Schedule 13G filing rather than a control-seeking Schedule 13D.
Do any single clients of BlackRock own over 5% of Array Technologies (ARRY)?
No individual client of BlackRock is reported to own more than 5% of Array Technologies’ common stock. The filing explains that various persons have rights to dividends or sale proceeds, but no one person’s interest exceeds 5% of the total outstanding common shares.
Who signed BlackRock’s Schedule 13G/A for Array Technologies (ARRY)?
The Schedule 13G/A was signed by Spencer Fleming, a Managing Director at BlackRock, Inc. The signature is provided under a certification that the information in the statement is true, complete, and correct to the best of his knowledge and belief.
What type of securities in Array Technologies (ARRY) are covered by BlackRock’s filing?
The filing covers common stock of Array Technologies, Inc., identified by CUSIP 04271T100. BlackRock’s reported holdings and percentages all relate specifically to this class of common equity securities.