Samir Lakhani - 31 Jan 2025 Form 4 Insider Report for BlackRock Multi-Sector Income Trust (BIT)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Issuer symbol
BIT
Transactions as of
31 Jan 2025
Net transactions value
+$98,644
Form type
4
Filing time
04 Feb 2025, 18:10:02 UTC
Previous filing
02 Feb 2024
Next filing
03 Feb 2026
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIT Common Stock Options Exercise +8,682 +158% 14,182 31 Jan 2025 Direct F1, F2, F3, F4
transaction BIT Common Stock Disposed to Issuer $128,231 -8,682 -61% $14.77 5,500 31 Jan 2025 Direct F1, F2, F3, F4

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 Award $226,875 +15,361 $14.77 15,361 31 Jan 2025 Common Stock 15,361 Direct F1, F5
transaction BIT Phantom Shares Options Exercise -1,566 -33% 3,132 31 Jan 2025 Common Stock 1,566 Direct F1, F2
transaction BIT Phantom Shares Options Exercise -1,773 -50% 1,773 31 Jan 2025 Common Stock 1,773 Direct F1, F3
transaction BIT Phantom Shares Options Exercise -5,342 -100% 0 31 Jan 2025 Common Stock 5,342 Direct F1, F4
* 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, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F3 As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F4 As previously reported on a Form 4 dated February 3, 2022, the Reporting Person was granted phantom shares on January 31, 2022 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F5 These phantom shares vest in equal installments on each of the first three anniversaries of the award.