BlackRock Files SC 13D/A Amendment for Envestnet Holdings

TL;DR

BlackRock updated its Envestnet stake filing. Watch for potential moves.

AI Summary

BlackRock, Inc. filed an amendment (No. 3) to its Schedule 13D on November 27, 2024, regarding its holdings in Envestnet, Inc. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. BlackRock, Inc. is a significant investment management corporation.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of Envestnet, Inc., which could impact its stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by large institutional investors like BlackRock can indicate strategic shifts and may lead to increased trading volume or price volatility.

Key Players & Entities

• BlackRock, Inc. (company) — Filing entity
• Envestnet, Inc. (company) — Subject company
• David Maryles (person) — Managing Director, Legal and Compliance

FAQ

Key Financial Figures

• $0.005 — relating to the common stock, par value $0.005 per share (the " Common Stock "), of En
• $63.15 — t to receive cash in an amount equal to $63.15 per share, without interest thereon, le

Filing Documents

• sc13da3.htm (SC 13D/A) — 146KB
• 0001341004-24-000229.txt ( ) — 148KB

Identity and Background

Item 2. Identity and Background. Item 2 of the Schedule 13D is hereby amended by incorporating herein by reference the information set forth on the updated Annex A attached hereto.

Purpose of Transaction

Item 4. Purpose of Transaction.

is hereby amended to include the following

Item 4 is hereby amended to include the following: On November 25, 2024 (the " Closing Date "), the Issuer completed its previously announced merger with BCPE Pequod Merger Sub, Inc., a Delaware corporation (" Merger Sub ") and a wholly owned subsidiary of BCPE Pequod Buyer, Inc., a Delaware corporation (" Parent "). Pursuant to the terms and subject to the conditions set forth in the Agreement and Plan of Merger (the " Merger Agreement "), dated as of July 11, 2024, by and among the Issuer, Parent and Merger Sub, Merger Sub merged with and into the Issuer (the " Merger "), with the Issuer surviving such merger as a wholly owned subsidiary of Parent (the " Surviving Corporation "). Parent and Merger Sub are affiliates of vehicles managed or advised by Bain Capital Private Equity, LP (" Bain "). At the effective time of the Merger (the " Effective Time "), each share of Common Stock that was issued and outstanding immediately prior to the Effective Time (other than (i) shares of Common Stock that were (a) owned by the Issuer or any direct or indirect wholly owned subsidiaries of the Issuer, (b) owned by Parent (or any of its affiliates), Merger Sub or any direct or indirect wholly owned subsidiaries of Parent (or any of its affiliates) or Merger Sub, (c) Rollover Shares (as defined in the Merger Agreement) or (d) held in treasury of the Issuer ((a)-(d) collectively, the " Owned Company Shares "), or (ii) shares of Common Stock as to which appraisal rights have been properly exercised in accordance with Delaware law), was automatically cancelled, retired and converted into the right to receive cash in an amount equal to $63.15 per share, without interest thereon, less any amounts required to be deducted or withheld in accordance with the Merger Agreement (the " Merger Consideration "). At the Effective Time, each Owned Company Share was automatically cancelled, retired and ceased to exist without any consideration delivered in exchange therefor. Immediately prior t

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a) and (b) are hereby amended and restated in their entirety as follows: (a) and (b) The responses of BlackRock to Rows (7) through (11), and (13) of the cover page of this Schedule 13D are incorporated herein by reference.

(c) is hereby amended to include the following

Item 5(c) is hereby amended to include the following: (c) During the past 60-day period ended November 26, 2024, BlackRock effected trades in Common Stock for the purpose of ensuring that holdings of certain index-tracking funds and accounts for which certain of the Advisory Subsidiaries act as investment advisers track their respective indexes as accurately as possible. Annex B , attached hereto, sets forth transactions in the Common Stock, including such index-tracking trades, that were effected during the 60-day period ended November 26, 2024. The transactions in the Common Stock described on Annex B were effected on securities exchanges unless otherwise indicated therein.

(e) is hereby amended to include the following

Item 5(e) is hereby amended to include the following: (e) As of November 25, 2024, BlackRock ceased to beneficially own more than 5% of the outstanding shares of the Issuer's Common Stock. As a result, this Amendment No. 3 serves as an exit filing for BlackRock with respect to the Issuer. 4

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 27, 2024 BLACKROCK, INC. By: /s/ David Maryles Name: David Maryles Title: Attorney in Fact 5 Annex A The following is a list of the executive officers and directors of BlackRock, Inc. (collectively, the " Covered Persons "), setting forth the present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted and citizenship for each such person. Each Covered Person is a citizen of the United States, unless otherwise noted, and does not have any other principal occupation (outside of similar positions held with respect to other entities directly or indirectly managed or advised by BlackRock). Executive Officers Name Principal Occupation or Employment Laurence D. Fink Chairman and Chief Executive Officer BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. Robert S. Kapito President BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. Stephen Cohen Senior Managing Director and Chief Product Officer BlackRock, Inc. Drapers Gardens 12 Throgmorton Avenue London EC2N 2DL United Kingdom U.K. Marc Comerchero Managing Director, Chief Accounting Officer and Global Controller BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. Robert L. Goldstein Senior Managing Director and Chief Operating Officer BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. Caroline Heller Senior Managing Director and Global Head of Human Resources BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. J. Richard Kushel Senior Managing Director and Head of the Portfolio Management Group BlackRock, Inc. 50 Hudson Yards New York, NY 10001 U.S. Rachel Lord Senior Managing Director and Head of International BlackRock

View Full Filing

View this SC 13D/A filing on SEC EDGAR