Menge Steven Reid 4

What Happened

• Steven Reid Menge, a portfolio manager at BlackRock Science & Technology Trust (BST), had multiple derivative/phantom-share transactions on January 30, 2026. He exercised/converted phantom/derivative awards and disposed to the issuer 563.996 shares at $40.94 for proceeds reported as $23,090. On the same date he was also granted 793.234 phantom shares valued at $40.94 each (total ~$32,475) and completed additional derivative exercises/conversions that resulted in dispositions of 215.390, 127.337 and 221.268 shares (all recorded as derivative transactions).
• These transactions include both an award (A) and exercises/conversions (M) with subsequent dispositions (D) to the issuer. The dispositions to the issuer indicate cash settlement or surrender to the issuer rather than open-market sales.

Key Details

• Transaction date: 2026-01-30; reported on Form 4 filed 2026-02-03 (timely filing).
• Reported prices/values: Disposition price shown $40.94 for the 563.996-share disposal (proceeds $23,090); the 793.234-share award valued at $40.94 (~$32,475). Other exercised/conversion entries show N/A for per-share price (cash-settled/derivative).
• Shares owned after transaction: not specified in this filing.
• Footnotes: Phantom shares are cash-settled equivalents of common stock (F1). Grants dated Jan 31 of 2023–2025 vest in equal installments on each of the first three anniversaries of the grant (F2–F5).
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer; A = award/grant. Disposition to issuer commonly reflects cash settlement or shares surrendered to cover tax/withholding rather than an open-market sale.

Context

• These were derivative/phantom-share transactions (cash-settled) and an award grant; the disposition to the issuer means proceeds were handled with the issuer (not a market sale), so this activity is routine compensation/settlement rather than a straightforward buy or open-market sell.