ARK Investment Management Cuts Blade Air Mobility Stake to 6.49M Shares

TL;DR

**ARK just dumped a chunk of BLDE shares, watch out!**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, has significantly reduced its stake in Blade Air Mobility, Inc. (BLDE). As of December 31, 2023, ARK now beneficially owns 6,493,785 shares, down from 10,000,000 shares reported in a previous filing. This reduction indicates a shift in ARK's investment strategy regarding Blade Air Mobility, potentially signaling a less bullish outlook on the company's future prospects for investors who own or are considering buying BLDE stock.

Why It Matters

This filing shows a major institutional investor, ARK Investment Management, has reduced its holdings in Blade Air Mobility, which could signal a loss of confidence or a strategic reallocation of capital.

Risk Assessment

Risk Level: medium — A significant reduction in holdings by a prominent institutional investor like ARK could indicate potential headwinds or a re-evaluation of the company's growth trajectory, posing a moderate risk to current and prospective investors.

Analyst Insight

Investors should consider this reduction by ARK as a potential red flag and conduct further due diligence into Blade Air Mobility's fundamentals and future prospects before making investment decisions.

Key Numbers

• 6,493,785 — Shares Beneficially Owned (This is the total number of Blade Air Mobility shares ARK Investment Management LLC reported owning as of December 31, 2023.)
• 092667104 — CUSIP Number (This unique identifier helps identify Blade Air Mobility's common stock.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person reducing its stake
• Blade Air Mobility, Inc. (company) — the subject company whose shares are being reported
• Delaware, United States (company) — place of organization for ARK Investment Management LLC
• December 31, 2023 (date) — date of event requiring the filing
• 6,493,785 (dollar_amount) — number of shares beneficially owned by ARK Investment Management LLC

Forward-Looking Statements

• ARK Investment Management LLC may continue to reduce its stake in Blade Air Mobility, Inc. in the near future. (ARK Investment Management LLC) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tm244117d11_sc13ga.htm (SC 13G/A) — 42KB
• 0001104659-24-007681.txt ( ) — 44KB

(a) Name of issuer

Item 1(a) Name of issuer: Blade Air Mobility, Inc.

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: 55 Hudson Yards, 14th Floor New York, NY 10001

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal business office or, if none,

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of securities

Item 2(d) Title of class of securities: Common stock

(e) CUSIP No

Item 2(e) CUSIP No.: 092667104

If this statement is filed pursuant to §§ 240.13d-1(b) or

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 092667104 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 6,493,785 (b) Percent of class: 8.70% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 6,493,785 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 6,493,785 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of the shares which represents more than five percent of the number of outstanding class of the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 092667104 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. 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. SIGNATURE 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. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer

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