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BlackRock Enhanced Large Cap Core (NYSE: CII) manager exits common stock

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

Rhea-AI Filing Summary

BlackRock Enhanced Large Cap Core Fund, Inc. (CII) portfolio manager Kanan Ibrahim reported a small insider transaction involving common stock and phantom shares. On January 30, 2026, Ibrahim converted 250.628 phantom shares into the economic equivalent of common stock and then sold 250.628 shares of common stock at $23.24, leaving no common stock directly owned after the sale. Phantom shares are cash-settled awards that track the value of common stock; Ibrahim continued to hold 501.2559 phantom shares, which pay out in cash subject to vesting over three years from a January 31, 2025 grant.

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Negative

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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*
Kanan Ibrahim

(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 250.628 A (1)(2) 250.628 D
Common Stock 01/30/2026 D 250.628 D $23.24(1)(2) 0 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 250.628 (1)(2) (1)(2) Common Stock 250.628 (1)(2) 501.2559 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.
/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 Kanan Ibrahim report for CII?

Kanan Ibrahim reported converting 250.628 phantom shares into the economic equivalent of common stock, then selling 250.628 shares of BlackRock Enhanced Large Cap Core Fund (CII) common stock at $23.24 per share, resulting in no directly owned common shares after the transaction.

How many BlackRock CII shares did the insider sell and at what price?

The insider sold 250.628 shares of BlackRock Enhanced Large Cap Core Fund (CII) common stock at $23.24 per share. This sale followed the exercise of 250.628 phantom shares into the economic equivalent of common stock on the same date, January 30, 2026.

What are phantom shares in the context of CII’s Form 4 filing?

Phantom shares are awards economically equivalent to one share of CII common stock but paid in cash, not stock. They track the share price and, subject to vesting requirements, become payable in cash rather than resulting in actual share ownership by the reporting person.

How many phantom shares does the CII portfolio manager hold after this transaction?

After the reported transaction, portfolio manager Kanan Ibrahim beneficially owned 501.2559 phantom shares. These phantom shares are cash-settled units tied to the value of CII common stock and are subject to vesting conditions described in the prior grant disclosure.

When were the CII phantom shares originally granted and how do they vest?

The phantom shares were granted on January 31, 2025 and are payable in cash on vesting. Vesting occurs in equal installments on each of the first three anniversaries of the grant date, according to the explanatory footnote in the Form 4 filing.

What is Kanan Ibrahim’s role at BlackRock Enhanced Large Cap Core Fund (CII)?

In this Form 4 filing, Kanan Ibrahim is identified as a portfolio manager of BlackRock Enhanced Large Cap Core Fund, Inc. (CII). The role is marked as “Other (Portfolio Manager)” rather than director, officer, or ten percent owner of the fund.
BlackRock Enhanced Large Cap Core Fund

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