Kim Tony 4

What Happened

• Kim Tony, a Portfolio Manager at BlackRock Science & Technology Trust (BST), converted/settled previously granted phantom shares and received a new phantom share award on 2026-01-30. Tony converted a total of 8,314.355 phantom shares that were settled to the issuer at $40.94 per unit for proceeds of $340,390. On the same date Tony was granted 5,612.506 phantom shares (derivative) valued at $40.94 each, shown at $229,776.
• The conversion/settlement entries include three component exercises/conversions (1,790.776; 1,562.51; and 4,961.068 units) that sum to the 8,314.355 units converted and settled. The transactions are cash-settled phantom‑share events (not open-market purchases or sales of common stock).

Key Details

• Transaction date: January 30, 2026; filing date: February 3, 2026 (Form 4 filed 4 days after the transaction date).
• Amounts and values: 8,314.355 units converted and disposed to issuer at $40.94 = $340,390; new phantom award of 5,612.506 units at $40.94 = $229,776.
• Shares owned after transaction: Not reported in the filing.
• Footnotes: Phantom shares are cash‑payable equivalents of common shares (F1). The converted units relate to previously reported phantom awards granted on 1/31/2023, 1/31/2024 and 1/31/2025 that vest in equal installments over the first three anniversaries of each grant (F2–F5).
• Filing timeliness: The Form 4 was filed Feb 3 for Jan 30 transactions; the report appears to have been filed after the typical 2‑business‑day Form 4 window.

Context

• Phantom shares are derivative awards that pay cash on vesting based on the company’s share price; these transactions represent cash settlements of such awards rather than an open‑market sale of common stock. The conversion and immediate settlement are functionally a cash payment to the insider, not a purchase of common shares.