BlackRock Discloses Significant Stake in ARKO Corp. (SC 13G)

TL;DR

**BlackRock just confirmed a big stake in ARKO Corp. as of year-end 2023.**

AI Summary

BlackRock, Inc. reported on January 31, 2024, that as of December 31, 2023, it holds a significant stake in ARKO Corp.'s Class A Common Stock. This filing indicates BlackRock's position as a major institutional investor in ARKO, a company operating in the retail convenience store sector. This matters to ARKO shareholders because large institutional ownership by a firm like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability and trading volume.

Why It Matters

BlackRock's substantial investment in ARKO Corp. suggests institutional confidence, which can be a positive signal for current and prospective investors.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate negative risks.

Analyst Insight

Investors should note BlackRock's institutional backing of ARKO Corp. as a potential indicator of stability, but should conduct further due diligence on ARKO's fundamentals before making investment decisions.

Key Players & Entities

• BlackRock, Inc. (company) — reporting person, institutional investor
• ARKO Corp. (company) — subject company, issuer of securities
• December 31, 2023 (date) — date of event requiring filing
• January 31, 2024 (date) — filing date

Forward-Looking Statements

• BlackRock will maintain its significant stake in ARKO Corp. for the foreseeable future. (BlackRock, Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-005996.txt : 20240131 0001086364-24-005996.hdr.sgml : 20240131 20240131140828 ACCESSION NUMBER: 0001086364-24-005996 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARKO Corp. CENTRAL INDEX KEY: 0001823794 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CONVENIENCE STORES [5412] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 852784337 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91939 FILM NUMBER: 24582171 BUSINESS ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 BUSINESS PHONE: 804-730-1568 MAIL ADDRESS: STREET 1: 8565 MAGELLAN PKWY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23227 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us0412421085_013124.txt us0412421085_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) ARKO Corp. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 041242108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 041242108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5910287 (6) Shared voting power 0 (7) Sole dispositive power 6027340 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6027340 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ARKO Corp. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 8565 MAGELLAN PKWY, SUITE 400 RICHMOND VA 23227 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------------