Kim Tony 4

What Happened
Kim Tony, a portfolio manager at BlackRock Technology & Private Equity Term Trust (BTX), was granted 29,270.828 phantom shares on 2026-01-30. The award is reported at a unit value of $7.85, for a total economic value of $229,776. This was an award/grant (derivative-based), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-03 (appears timely under Form 4 rules).
• Transaction type/code: Award/Grant (A); derivative instrument (phantom shares).
• Units granted: 29,270.828 phantom shares at $7.85 per unit; total reported value $229,776.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — phantom share equals economic equivalent of one common share and becomes payable in cash when vested; F2 — these phantom shares vest in equal installments on each of the first three anniversaries of the award.

Context
Phantom share awards are cash-settled and do not immediately create actual common-stock ownership or require an open-market purchase. Because vesting occurs over three years (equal installments), any cash payout will depend on future vesting and the reference value at payout. As an award (not a purchase or sale), this transaction is more a compensation action than a direct insider market signal.