| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | N/A | Phantom Shares | Other | -174 | -100% | 0 | Nov 13, 2023 | Common Stock | 174 | Direct | F1, F2, F3, F4 |
| 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 | Phantom shares vest in equal installments on each of the first three anniversaries of the award. As previously reported on Form 4s dated February 2, 2021 and February 3, 2022, Jacob Caplain was previously granted 92.557 phantom shares and 173.6071 phantom shares, respectively, of BlackRock Multi-Sector Opportunities Trust II (the "Target Fund") on January 29, 2021 and January 31, 2022, respectively, payable in cash upon vesting. As of November 10, 2023, Mr. Caplain held 173.6745 phantom shares of the Target Fund, which were comprised of 38.5668 phantom shares granted on January 29, 2021 (with one annual vesting installment remaining), as reported on the Form 4 dated February 2, 2021, and 135.1077 phantom shares granted on January 31, 2022 (with two annual vesting installments remaining), as reported on the Form 4 dated February 3, 2022. |
| F3 | (Continued from Footnote 2) The annual vesting schedule applicable to each portion of Mr. Caplain's Target Fund phantom shares was preserved with respect to the phantom shares of the Acquiring Fund (as defined below) that Mr. Caplain received in the Reorganization (as detailed below). |
| F4 | Effective as of November 13, 2023, the Target Fund was reorganized into BlackRock Strategic Income Opportunities Portfolio (the "Acquiring Fund"), a series of BlackRock Funds V. In the Reorganization, Mr. Caplain received phantom shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund phantom shares he held as of the close of business on November 10, 2023, calculated using a conversion ratio equal to the NAV per share of the Target Fund relative to the NAV per Investor K share of the Acquiring Fund as of the close of business on November 10, 2023. As of November 10, 2023, the Target Fund reported a NAV per share of $67.9207 and the Acquiring Fund reported a NAV per Investor K share of $9.06. The conversion ratio for the Target Fund's phantom shares was 7.496766. In the Reorganization, Mr. Caplain received 1,301.9970 phantom shares of the Acquiring Fund in exchange for his 173.6745 phantom shares of the Target Fund. |