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CII portfolio manager McClements sells vested BlackRock Enhanced Large Cap Core Fund (NYSE: CII) shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BlackRock Enhanced Large Cap Core Fund, Inc. portfolio manager Kyle McClements reported a vesting and sale of fund shares. On January 30, 2026, phantom share awards were exercised into 1,562.106 shares of common stock, reflecting previously granted cash-settled incentive awards.

On the same date, McClements disposed of 1,562.106 common shares at $23.24 per share, leaving 7,528.802 common shares held directly. Several phantom share tranches tied to grants made in 2023, 2024, and 2025 partially converted, with remaining balances continuing to vest and settle in cash over time.

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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*
McClements Kyle

(Last) (First) (Middle)
50 HUDSON YARDS

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BlackRock Enhanced Large Cap Core Fund, Inc. [ CII ]
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
Common Stock 01/30/2026 M 1,562.106 A (1)(2)(3)(4) 9,090.908 D
Common Stock 01/30/2026 D 1,562.106 D $23.24(1)(2)(3)(4) 7,528.802 D
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 M 611.6007 (1)(2) (1)(2) Common Stock 611.6007 (1)(2) 1,223.2013 D
Phantom Shares (1)(3) 01/30/2026 M 556.7901 (1)(3) (1)(3) Common Stock 556.7901 (1)(3) 556.7901 D
Phantom Shares (1)(4) 01/30/2026 M 393.7153 (1)(4) (1)(4) Common Stock 393.7153 (1)(4) 0.0000 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. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
3. 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.
4. 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.
/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.

FAQ

What insider transaction did CII portfolio manager Kyle McClements report?

Kyle McClements reported exercising 1,562.106 phantom-share-linked common shares and selling the same 1,562.106 common shares at $23.24 on January 30, 2026. These movements reflect the vesting and monetization of previously granted cash-settled phantom share awards in BlackRock Enhanced Large Cap Core Fund, Inc.

How many CII common shares does Kyle McClements hold after this transaction?

After the January 30, 2026 activity, Kyle McClements directly holds 7,528.802 shares of BlackRock Enhanced Large Cap Core Fund, Inc. common stock. This figure is reported as his beneficially owned amount following the exercise and sale of 1,562.106 common shares on that date.

What are phantom shares in the CII insider filing for Kyle McClements?

Phantom shares are described as the economic equivalent of one share of common stock that become payable in cash once vesting conditions are met. They function as cash-settled incentive units rather than actual share ownership, tracking the value of BlackRock Enhanced Large Cap Core Fund, Inc. stock.

When were the phantom share grants to CII portfolio manager Kyle McClements originally made?

The phantom share grants referenced were originally awarded on January 31, 2023, January 31, 2024, and January 31, 2025. Each grant vests in equal installments on the first three anniversaries of the respective grant date, with payouts in cash upon vesting completion.

How many phantom shares were converted to CII common stock on January 30, 2026?

On January 30, 2026, three phantom share tranches were exercised: 611.6007, 556.7901, and 393.7153 phantom shares, each converting into the same number of common shares. These conversions fed into the 1,562.106-share common stock transaction reported for that date.

What price did Kyle McClements receive for the CII shares sold on January 30, 2026?

The 1,562.106 shares of BlackRock Enhanced Large Cap Core Fund, Inc. common stock sold by Kyle McClements on January 30, 2026 were disposed of at a price of $23.24 per share. This sale followed the exercise of phantom share-based awards into common stock.
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