Form 4: BlackRock Innovation & Growth Term Trust: Portfolio Manager Reports Changes in Beneficial Ownership

Kyle McClements, a Portfolio Manager at BlackRock Innovation & Growth Term Trust, reports transactions involving common stock and phantom shares on January 31, 2025.

Summary

• On January 31, 2025, Kyle McClements, a Portfolio Manager at BlackRock Innovation & Growth Term Trust (BIGZ), engaged in transactions involving the company's common stock and phantom shares.
• McClements acquired 1,240.3745 shares of common stock and disposed of 1,240.3745 shares of common stock at a price of $8.2.
• Following these transactions, McClements directly owns 1,474.72 shares of common stock.
• McClements also acquired 3,923.7805 phantom shares and disposed of 1,240.3745 phantom shares, leaving a balance of 2,480.749 phantom shares.
• These phantom shares vest in equal installments over three years from the grant date and are payable in cash.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, which is a routine part of financial markets. The transactions themselves don't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their trading activities. It reflects the actions of a portfolio manager within BlackRock Innovation & Growth Term Trust.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding the trading activities of a key employee.
• The transactions may have a minor impact on the supply and demand of the company's stock.

Key Dates