Kim Tony 4

4 · BlackRock Science & Technology Term Trust · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

BlackRock Science & Technology (BSTZ) PM Tony Kim Exercises and Sells Shares

What Happened

Tony Kim, a portfolio manager at BlackRock Science & Technology Term Trust (BSTZ), executed several derivative transactions on Jan 30, 2026. The filing shows exercises/conversions of phantom/derivative awards, a new phantom-share award, and a disposition to the issuer.
Specifically, Kim exercised/converted 15,580.169 phantom-equivalent shares and those 15,580.169 shares were disposed to the issuer at $22.38 each for proceeds of $348,684. The filing also reports an award/grant of 20,534.048 phantom shares valued at $22.38 each (total $459,552). Two additional exercise/conversion entries (9,845.549 and 5,734.62 shares) are reported as dispositions/conversions (derivative-related) on the same date.

Key Details

Transaction date: January 30, 2026.
Sale/Disposition: 15,580.169 shares disposed to issuer at $22.38 — proceeds reported $348,684.
Grant/Award: 20,534.048 phantom shares granted at $22.38 — reported value $459,552 (derivative/phantom award).
Other derivative conversions: exercises/conversions of 9,845.549 and 5,734.62 shares also reported the same day (derivative-related).
Shares owned after the reported transactions: not disclosed in the Form 4.
Footnotes: phantom shares are cash-settled equivalents of common shares and vest/payable in cash per vesting schedule (see F1–F4). The filing references prior phantom-share grants (Jan 31, 2024 and Jan 31, 2025) that vest in equal installments over three years.
Filing timing: Report filed Feb 3, 2026 for transactions on Jan 30, 2026 (this appears to be after the typical 2-business-day Form 4 filing window).

Context

These were derivative/phantom-share transactions rather than open-market stock purchases. Phantom shares are typically cash-settled on vesting (not actual share transfers). The filing shows conversion/exercise of derivative awards and a disposition “to the issuer,” which commonly reflects cash settlement or issuer withholding rather than a brokered open-market sale.
The notable acquisition here is the newly granted phantom award valued at ~$459.6K; the disposition of 15,580 shares for ~$348.7K reflects proceeds from the conversion/settlement activity rather than an outright market sale by the insider.

Form 4

Period: 2026-01-30

Other

Transactions

Exercise/Conversion
Common Stock
[F1][F2][F3]
2026-01-30+15,580.169→ 224,292.169 total
Disposition to Issuer
Common Stock
[F1][F2][F3]
2026-01-30$22.38/sh−15,580.169$348,684→ 208,712 total
Award
Phantom Shares
[F1][F4]
2026-01-30$22.38/sh+20,534.048$459,552→ 20,534.048 total
→ Common Stock (20,534.048 underlying)
Exercise/Conversion
Phantom Shares
[F1][F2]
2026-01-30−9,845.549→ 19,691.099 total
→ Common Stock (9,845.549 underlying)
Exercise/Conversion
Phantom Shares
[F1][F3]
2026-01-30−5,734.62→ 5,734.62 total
→ Common Stock (5,734.62 underlying)

Footnotes (4)

[F1]A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
[F2]As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
[F3]As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
[F4]These phantom shares vest in equal installments on each of the first three anniversaries of the award.

Signature

/s/ Gladys Chang as Attorney-in-Fact|2026-02-03

1 file