Samir Lakhani - Jan 31, 2022 Form 4 Insider Report for BlackRock Multi-Sector Income Trust (BIT)

Role: Portfolio Manager
Signature: /s/ Gladys Chang as Attorney-in-Fact
Stock symbol: BIT
Transactions as of: Jan 31, 2022
Transactions value $: -$27,317
Form type: 4
Date filed: 2/3/2022, 10:38 AM
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BIT	Common Stock	Options Exercise		+1.63K	+29.65%		7.13K	Jan 31, 2022	Direct	F1, F2
transaction	BIT	Common Stock	Disposed to Issuer	-$27.3K	-1.63K	-22.87%	$16.75	5.5K	Jan 31, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BIT	Phantom Shares	Options Exercise		-1.63K	-33.33%		3.26K	Jan 31, 2022	Common Stock	1.63K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
F2	As previously reported on a Form 4 dated February 2, 2021, the Reporting Person was granted phantom shares on January 29, 2021 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.