SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ENVESTNET, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
29404K106
(CUSIP Number)
David Maryles
Managing Director, Legal and Compliance
BlackRock, Inc.
55 East 52nd Street
New York, NY 10055
(212) 810-5300
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 8, 2021
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☒
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
| * | 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 disclosures provided in a prior cover page. |
The information required on 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.: 29404K106 |
| 1 | NAMES OF REPORTING PERSONS
BlackRock, Inc. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS
OO | |||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☒ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
7,521,617 | ||||
| 8 | SHARED VOTING POWER
0 | |||||
| 9 | SOLE DISPOSITIVE POWER
7,591,595 | |||||
| 10 | SHARED DISPOSITIVE POWER
0 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,591,595 | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.95% | |||||
| 14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC | |||||
2
EXPLANATORY NOTE
This Amendment No. 1 (this “Amendment No. 1”) amends and supplements the Schedule 13D (as amended, the “Schedule 13D”) filed with the U.S. Securities and Exchange Commission on May 21, 2021 (the “Original Schedule 13D”), by and on behalf of BlackRock, Inc. ( “BlackRock”), relating to the common stock, par value $0.005 per share (the “Common Stock”), of Envestnet, Inc., a Delaware corporation (the “Issuer”).
This Amendment No. 1 is being filed to report an increase in the beneficial ownership of certain index-tracking funds and accounts advised by the Advisory Subsidiaries (as defined in the Original Schedule 13D).
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended to include the following:
The acquisitions described in this Amendment No. 1 were made by BlackRock through its Advisory Subsidiaries in their capacity as investment advisers to certain client accounts and were made with available funds of the applicable client accounts in the ordinary course of business of the Advisory Subsidiaries.
The foregoing transactions were made for investment purposes in the ordinary course of business of the Advisory Subsidiaries, were undertaken solely for the benefit of the applicable client accounts and are independent from the strategic relationship with and investment in the Issuer made by BlackRock for its own account.
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.
The aggregate percentage of shares of Common Stock reported as beneficially owned by BlackRock was calculated based on 54,422,622 shares of Common Stock issued and outstanding as of April 30, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the period ended March 31, 2021, filed with the U.S. Securities and Exchange Commission on May 7, 2021.
The Common Stock beneficially owned by BlackRock includes Common Stock beneficially owned by the Advisory Subsidiaries, including Aperio Group LLC, BlackRock (Netherlands) B.V., BlackRock Advisors LLC, BlackRock Asset Management Canada Limited, BlackRock Asset Management Ireland Limited, BlackRock Asset Management Schweiz AG, BlackRock Financial Management, Inc., BlackRock Fund Advisors, BlackRock Fund Managers Ltd., BlackRock Institutional Trust Company, National Association, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (UK) Limited, BlackRock Investment Management, LLC and BlackRock Japan Co., Ltd., none of which beneficially owns in excess of 5% of the outstanding Common Stock.
Item 5(c) is hereby amended to include the following:
(c) Since the date of the Original Schedule 13D, BlackRock has 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 A, attached hereto, sets forth transactions in the Common Stock, including such index-tracking trades, that were effected from May 21, 2021 (the date of the Original Schedule 13D) to June 9, 2021. The transactions in the Common Stock described on Annex A were effected on securities exchanges unless otherwise indicated therein.
3
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: June 10, 2021 | BLACKROCK, INC. | |||||
| By: | /s/ David Maryles | |||||
| Name: | David Maryles | |||||
| Title: | Attorney in Fact | |||||
4
Annex A
Transaction in Common Stock
| Legal Entity |
Trade Date | Amount | Trade Price | Buy/Sell | Execution Type | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | 4,350 | $68.47 | Buy | ETF Create | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -5,616 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | 1,040 | $68.47 | Buy | ETF Create | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -6,960 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -1,305 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -2,080 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -435 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 21, 2021 | -2,911 | $68.85 | Sell | Sell | |||||||||||||
| BlackRock Fund Advisors |
May 21, 2021 | -583 | $68.47 | Sell | ETF Redeem | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 26, 2021 | -168 | $70.35 | Sell | Sell | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 26, 2021 | -940 | $70.89 | Sell | Sell | |||||||||||||
| BlackRock Financial Management, Inc. |
May 26, 2021 | -211 | $70.89 | Sell | Sell | |||||||||||||
| BlackRock Japan Co., Ltd. |
May 26, 2021 | -1,245 | $70.89 | Sell | Sell | |||||||||||||
| BlackRock Asset Management Ireland Limited |
May 27, 2021 | -1,240 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Fund Advisors |
May 27, 2021 | -298 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Financial Management, Inc. |
May 27, 2021 | -1,004 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Financial Management, Inc. |
May 27, 2021 | -573 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 27, 2021 | -317 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 27, 2021 | -139 | $71.35 | Sell | Sell | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
May 28, 2021 | -401 | $71.97 | Sell | Sell | |||||||||||||
| BlackRock Fund Advisors |
June 1, 2021 | -108 | $72.06 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
June 1, 2021 | 4,247 | $72.10 | Buy | Buy | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
June 1, 2021 | 156 | $72.06 | Buy | Buy | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
June 1, 2021 | 12,039 | $72.06 | Buy | Buy | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 12,591 | $72.02 | Buy | Buy | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -3,468 | $72.04 | Sell | ETF Redeem | |||||||||||||
| BlackRock Institutional Trust Company, National Association |
June 2, 2021 | 73 | $72.04 | Buy | Buy | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -1,428 | $72.04 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 860 | $72.04 | Buy | ETF Create | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 30 | $72.04 | Buy | ETF Create | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -2,448 | $72.04 | Sell | ETF Redeem | |||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -2,448 | $72.04 | Sell | ETF Redeem | |||||||||||||
A-1
| BlackRock Fund Advisors |
June 2, 2021 | -586 | $ | 72.04 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 110 | $ | 72.04 | Buy | ETF Create | ||||||||||||
| BlackRock Institutional Trust Company, National Association |
June 2, 2021 | -4,367 | $ | 72.04 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 10,312 | $ | 71.96 | Buy | Buy | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -586 | $ | 72.04 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -3,060 | $ | 72.04 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 816 | $ | 72.04 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | 1,290 | $ | 72.04 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 2, 2021 | -204 | $ | 72.04 | Sell | ETF Redeem | ||||||||||||
| BlackRock Investment Management, LLC |
June 3, 2021 | 319 | $ | 71.56 | Buy | Buy | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | 513 | $ | 71.56 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | -54 | $ | 71.56 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | -10,320 | $ | 71.56 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | 30 | $ | 71.56 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | -860 | $ | 71.56 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | -860 | $ | 71.56 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 3, 2021 | -430 | $ | 71.56 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | 2,052 | $ | 79.40 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -2,704 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -1,290 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | 22 | $ | 79.40 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -8,736 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | 860 | $ | 79.40 | Buy | ETF Create | ||||||||||||
| BlackRock Financial Management, Inc. |
June 4, 2021 | -232 | $ | 79.40 | Sell | Sell | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -1,456 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -586 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -1,040 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -2,080 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -136 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 4, 2021 | -1,172 | $ | 79.40 | Sell | ETF Redeem | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,040 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,290 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 430 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,040 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 2,496 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,290 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,720 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Fund Advisors |
June 7, 2021 | 1,456 | $ | 79.36 | Buy | ETF Create | ||||||||||||
| BlackRock Investment Management, LLC |
June 8, 2021 | 20,156 | $ | 78.40 | Buy | Buy |
A-2
| BlackRock Institutional Trust Company, National Association |
June 8, 2021 | 43,262 | $78.40 | Buy | Buy | |||||
| BlackRock Investment Management, LLC |
June 8, 2021 | 13,236 | $78.40 | Buy | Buy | |||||
| BlackRock Investment Management, LLC |
June 8, 2021 | 2,736 | $78.40 | Buy | Buy | |||||
| BlackRock Fund Advisors |
June 8, 2021 | 74,081 | $78.40 | Buy | Buy | |||||
| BlackRock Investment Management, LLC |
June 8, 2021 | 10,819 | $78.40 | Buy | Buy | |||||
| BlackRock Institutional Trust Company, National Association |
June 8, 2021 | 99,597 | $78.40 | Buy | Buy | |||||
| BlackRock Investment Management, LLC |
June 8, 2021 | 10,405 | $78.40 | Buy | Buy | |||||
| BlackRock Asset Management Ireland Limited |
June 8, 2021 | -70 | $78.40 | Sell | Sell | |||||
| BlackRock Fund Advisors |
June 8, 2021 | 9,685 | $78.40 | Buy | Buy | |||||
| BlackRock Institutional Trust Company, National Association |
June 8, 2021 | 977 | $78.40 | Buy | Buy | |||||
| BlackRock Financial Management, Inc. |
June 8, 2021 | 11,436 | $78.40 | Buy | Buy | |||||
| BlackRock Fund Advisors |
June 8, 2021 | 5,810 | $78.40 | Buy | Buy | |||||
| BlackRock Fund Advisors |
June 8, 2021 | 750,967 | $78.40 | Buy | Buy | |||||
| BlackRock Fund Advisors |
June 8, 2021 | 129,148 | $78.40 | Buy | Buy |
A-3