Every Form 4 that Beacon Tactical Alternatives Risk ETF (BTA) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BTA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTA filings page.
BlackRock Long-Term Municipal Advantage Trust director Robert Glenn Hubbard reported an “other” transaction involving 295 common shares on February 23, 2026. This reflects a reorganization in which the trust was combined into BlackRock MuniAssets Fund, Inc., and his holdings in the trust went to zero.
In the reorganization, common shareholders of the trust received common shares of the acquiring fund equal in value to the net asset value exchanged as of February 20, 2026. The trust’s NAV per share was $10.0395 and the acquiring fund’s NAV per share was $11.3610, with a conversion ratio of 0.88368101. Based on this, Hubbard received 260 common shares of the acquiring fund (plus cash for any fractional shares) in exchange for his 295 trust shares.
BlackRock Long-Term Municipal Advantage Trust director Christian Romaglino reported an administrative share conversion tied to a fund reorganization. Effective February 23, 2026, the trust was reorganized into BlackRock MuniAssets Fund, Inc., and his holdings shifted accordingly.
Romaglino exchanged 1,200 common shares of the Target Fund for 1,060 common shares of the Acquiring Fund, plus cash for any fractional shares. The exchange was based on reported net asset values of $10.0395 per Target Fund share and $11.3610 per Acquiring Fund share, using a stated conversion ratio of 0.88368101.
BlackRock Long-Term Municipal Advantage Trust director Carl Kester reported an exchange of shares tied to a fund reorganization. On February 23, 2026, the trust was reorganized into BlackRock MuniAssets Fund, Inc., and Kester’s 100 common shares of the trust were converted into 88 common shares of the acquiring fund, based on each fund’s net asset value and a stated conversion ratio. The filing shows this as an “other acquisition or disposition” transaction, and Kester’s direct holdings of the trust’s common stock became zero after the reorganization.
BlackRock Long-Term Municipal Advantage Trust reported an insider share exchange involving director Stayce D. Harris tied to a fund reorganization. Effective February 23, 2026, this trust was reorganized into BlackRock MuniAssets Fund, Inc., and shareholders received new shares in the acquiring fund.
In this transaction, Harris exchanged 10.8113 common shares of the Target Fund for 9 common shares of the Acquiring Fund plus cash for any fractional shares. The conversion used a 0.88368101 ratio, based on February 20, 2026 net asset values of $10.0395 per Target Fund share and $11.3610 per Acquiring Fund share.
BlackRock Long-Term Municipal Advantage Trust portfolio manager Phillip Soccio reported a routine equity compensation transaction. On January 30, 2026, 49.6147 phantom shares, each economically equivalent to one common share, were converted into 49.6147 common shares at an exercise price of $0.00.
That same day, he disposed of 49.6147 common shares in a sale at $9.59 per share, leaving him with no reported common stock or phantom share holdings after the transactions. The phantom shares were part of an award originally granted on January 31, 2023 and payable in cash upon vesting.
BlackRock Long-Term Municipal Advantage Trust portfolio manager Kevin Maloney reported a small insider transaction involving phantom shares and common stock. On January 30, 2026, 43.7777 phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting, were converted into 43.7777 shares of common stock. Those 43.7777 common shares were then sold at $9.59 per share, leaving Maloney with zero directly held common shares and zero phantom shares from this grant.