Sumitomo Mitsui Trust Amends Blade Air Mobility Stake

TL;DR

**Sumitomo Mitsui Trust just updated their Blade Air Mobility holdings, keep an eye on institutional sentiment.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. (SMTH) filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their ownership of Blade Air Mobility, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that SMTH continues to hold a significant, but potentially adjusted, passive stake in Blade Air Mobility. For investors, this matters because large institutional holdings can provide a degree of stability and confidence, but any significant reduction could signal a shift in institutional sentiment towards the company.

Why It Matters

This filing updates the public on a major institutional investor's position in Blade Air Mobility, which can influence market perception and stock price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor, indicating no immediate high-risk event.

Analyst Insight

Investors should monitor future 13G/A filings from Sumitomo Mitsui Trust Holdings, Inc. to track any significant changes in their ownership percentage, which could signal a shift in their long-term view of Blade Air Mobility, Inc.

Key Players & Entities

• Sumitomo Mitsui Trust Holdings, Inc. (company) — the reporting person filing the SC 13G/A
• Blade Air Mobility, Inc. (company) — the subject company whose securities are being reported
• NIKKO ASSET MANAGEMENT CO., LTD. (company) — a group member listed in the filing
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.0001 (dollar_amount) — par value per share of Blade Air Mobility Common Stock

Forward-Looking Statements

• SMTH will maintain a passive investment strategy in Blade Air Mobility. (Sumitomo Mitsui Trust Holdings, Inc.) — high confidence, target: Next 12 months

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• blde130245sc13ga2.htm (SC 13G/A) — 57KB
• 0001214659-24-001840.txt ( ) — 59KB

(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: Sumitomo Mitsui Trust Holdings, Inc. Nikko Asset Management Co., Ltd.

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence: SMTH: 1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233, Japan NAM: Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6242, Japan

(c). Citizenship

Item 2(c). Citizenship: SMTH: Japan NAM: Japan

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock, par value $0.0001 per share

(e). CUSIP Number

Item 2(e). CUSIP Number: 092667104 Page 4 of 9

If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)

Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: SMTH: (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) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association 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) x 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: Parent Holding Company NAM: (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) x 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) x A parent holding company or control person

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of issuer identified in Item 1. SMTH: (a) Amount beneficially owned: 3,974,292 (b) Percent of class: 5.32% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 3,974,292 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 3,974,292 NAM: (a) Amount beneficially owned: 3,974,292 (b) Percent of class: 5.32% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 3,974,292 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 3,974,292 Page 6 of 9

Ownership of

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ¨

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. See Exhibit A.

Identification and Classification of the Subsidiary Which Acquired

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. See Exhibit A.

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.

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. Page 7 of 9 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. Date: February 5, 2024 Sumitomo Mitsui Trust Holdings, Inc. (Company) /s/ Hideaki Takamiya (Signature) Hideaki Takamiya / Senior Manager of Risk Management Dept (Name/Title) Nikko Asset Management Co.,Ltd (Company) /s/ Atsushi Ohya (Signature) Atsushi Ohya / Head of Business Regulatory Compliance (Name/Title) Page 8 of 9 Exhibit A Pursuant to the instructions in Item 6 and Item 7 of Schedule 13G, the securities being reported on by each of SMTH and NAM, as parent holding companies, are owned, or may be deemed to be beneficially owned, by their subsidiary Nikko Asset Management Americas, Inc., which is classified as an investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). Page 9 of 9

View Full Filing

View this SC 13G/A filing on SEC EDGAR