Kim Tony 4

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.