BKT Form 4: sale of subscription rights tied to 613 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackRock Income Trust (BKT) director reported a Form 4 transaction related to the fund’s rights offering. On 10/09/2025, the reporting person sold 1,840 transferable subscription rights at $0.0901 per right, which were tied to an underlying 613 common shares. Following the sale, 0 derivative securities were beneficially owned.
As context, the fund announced a pro rata rights offering permitting Record Date Shareholders (as of 09/29/2025) to subscribe for up to 8,097,238 common shares. Holders received one right per share and may purchase one new share for every three rights. The estimated subscription price is $10.70, with rights stated to expire on 10/20/2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,840 shares ($166)
Net Sell
1 txn
Insider
KESTER W CARL
Role
Director
Sold
1,840 shs ($165.78)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Transferable Subscription Rights (Right to Buy) | 1,840 | $0.0901 | $165.78 |
Holdings After Transaction:
Transferable Subscription Rights (Right to Buy) — 0 shares (Direct)
Footnotes (1)
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FAQ
What did the BKT insider report on Form 4?
A director sold 1,840 transferable subscription rights on 10/09/2025 at $0.0901 per right, tied to 613 underlying common shares.
What are the key terms of BKT’s rights offering?
Record Date Shareholders (as of 09/29/2025) received one right per share and can buy one new share for every three rights, up to 8,097,238 shares total.
What is the estimated subscription price in the BKT rights offering?
The estimated subscription price per common share is $10.70.
When do the BKT rights expire?
The rights are stated to expire on 10/20/2025.
How many derivative securities did the insider hold after the transaction?
Following the reported sale, the insider held 0 derivative securities.
What is the record date for receiving BKT subscription rights?
The record date for rights eligibility was 09/29/2025.