The New York Entrepreneur

: Larry Fink sells 7% of his BlackRock stake

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BlackRock Inc. BLK Chief Executive Larry Fink sold 35,799 BlackRock shares on Tuesday, according to a regulatory filing, garnering about $25 million in proceeds. That’s equal to about 7% of Fink’s stake in the company. The deal was executed in three trades at prices ranging from $694.00 to $696.35, according to the filing. The stock is down 1.7% in the year to date, while the S&P 500 SPXhas gained 8%.

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