Form 4: BlackRock Innovation & Growth Term Trust: Portfolio Manager Ruvinsky Reports Transactions in Common Stock and Phantom Shares

Portfolio Manager Philip Henry Ruvinsky reports transactions involving common stock and phantom shares of BlackRock Innovation & Growth Term Trust on January 31, 2025.

Summary

• On January 31, 2025, Philip Henry Ruvinsky, a Portfolio Manager at BlackRock Innovation & Growth Term Trust, engaged in transactions involving the company's common stock and phantom shares.
• Ruvinsky acquired 34,613.5879 common stock shares.
• Ruvinsky disposed of 34,613.5879 common stock shares at a price of $8.2.
• Following these transactions, Ruvinsky directly owns 3,606 shares of common stock.
• Ruvinsky also acquired 6,448.5366 phantom shares, which are the economic equivalent of common stock shares and payable in cash upon vesting.
• Ruvinsky disposed of 4,370.9317, 2,818.1813, and 27,424.4749 phantom shares.
• After these transactions, Ruvinsky beneficially owns 6,448.5366, 8,741.8634, 2,818.1813, and 0 phantom shares.
• These phantom shares vest in equal installments on each of the first three anniversaries of the award date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The transactions may provide shareholders with insights into management's perspective on the company's stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Shares, Common Stock, BlackRock Innovation & Growth Term Trust, BIGZ, Ruvinsky, Portfolio Manager, Transactions