BTX portfolio manager granted 4,136 phantom shares

BlackRock Technology & Private Equity Term Trust reported that portfolio manager Steven Reid Menge received an equity-linked award of 4,136.9427 phantom shares on January 30, 2026.

Rhea-AI Filing Summary

BlackRock Technology & Private Equity Term Trust reported that portfolio manager Steven Reid Menge received an equity-linked award of 4,136.9427 phantom shares on January 30, 2026.

Each phantom share is the economic equivalent of one share of common stock at a reference price of $7.85 and becomes payable in cash, subject to vesting conditions. The phantom shares vest in three equal installments on each of the first three anniversaries of the award, and all reported derivative holdings are listed as directly owned following this grant.

Insider Trade Summary

Grant/Award: 4,136.9427 shares

Grant/Award 1 txn

Insider Menge Steven Reid

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	4,136.9427	$7.85	$32K

Holdings After Transaction: Phantom Shares — 4,136.9427 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BTX report for portfolio manager Steven Reid Menge?

Steven Reid Menge received 4,136.9427 phantom shares of BlackRock Technology & Private Equity Term Trust on January 30, 2026. These are derivative, cash-settled awards that track common stock value and are reported as directly owned after the transaction.

What are the terms of the phantom share award reported by BTX?

The award consists of 4,136.9427 phantom shares with a reference price of $7.85 per share. Each phantom share is economically equivalent to one share of common stock and, after vesting, becomes payable in cash rather than in actual stock.

How do the BTX phantom shares vest for Steven Reid Menge?

The phantom shares vest in three equal installments on each of the first three anniversaries of the January 30, 2026 award. This means one-third of the grant becomes earned each year over a three-year vesting schedule.

Does Steven Reid Menge directly or indirectly own the reported BTX phantom shares?

The filing shows the 4,136.9427 phantom shares as directly owned. The ownership form is marked "D" for direct, and no separate indirect holding entity or nature of indirect beneficial ownership is described in the transaction data.

What security type is disclosed in the BTX Form 4 for Steven Reid Menge?

The Form 4 reports derivative securities titled “Phantom Shares”. Each phantom share is treated as the economic equivalent of one common share of BlackRock Technology & Private Equity Term Trust and is payable in cash once vesting conditions are satisfied.

How many BTX phantom shares does Steven Reid Menge hold after the transaction?

Following the January 30, 2026 grant, the Form 4 lists 4,136.9427 phantom shares beneficially owned. This amount matches the number acquired in the reported transaction, reflecting his entire disclosed phantom share position after the award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/03/2026 - 07:50 PM EST Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Menge Steven Reid

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock Technology & Private Equity Term Trust [ BTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)(2)	01/30/2026		A		4,136.9427		(1)(2)	(1)(2)	Common Stock	4,136.9427	$7.85	4,136.9427	D

Explanation of Responses:

1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

2. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

	/s/ Gladys Chang as Attorney-in-Fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.