Menge Steven Reid 4

What Happened
Steven Reid Menge, a portfolio manager at BlackRock Technology & Private Equity Term Trust (BTX), was granted 4,136.943 phantom shares on 2026-01-30. The award is recorded at an economics value of $7.85 per phantom share, totaling $32,475. This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-01-30 — Award/Grant (code A).
• Price/value: $7.85 per phantom share; total economic value $32,475.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — A "phantom share" is the economic equivalent of one share of common stock and, subject to vesting, becomes payable in cash.
  • F2 — These phantom shares vest in equal installments on each of the first three anniversaries of the award (three-year vesting).
• Filing: Form 4 filed 2026-02-03; timing appears consistent with Section 16 reporting (filed within the normal two-business-day window following the 2026-01-30 transaction).

Context
Phantom-share awards are cash-settled compensation tied to the company’s share value; they do not represent immediate stock ownership and are not the same as an insider buying shares on the open market. The award’s total value (~$32.5k) is modest and will pay out only as portions vest over the next three years.