Garfin Mitchell Sells 2,950.6621 FRA Shares After Exercise

BlackRock Floating Rate Income Strategies Fund, Inc. portfolio manager Garfin Mitchell reported activity in phantom share awards tied to the fund’s common stock.

Rhea-AI Filing Summary

BlackRock Floating Rate Income Strategies Fund, Inc. portfolio manager Garfin Mitchell reported activity in phantom share awards tied to the fund’s common stock. On January 30, 2026, 2,950.6621 phantom shares were converted to 2,950.6621 common shares and then sold at $11.76 per share, leaving him with no directly held common stock.

Following these transactions, Mitchell held 5,901.3242 phantom shares. Each phantom share is the economic equivalent of one common share and, subject to vesting conditions, is payable in cash rather than stock in future installments.

Insider Trade Summary

2,950.6621 shares exercised/converted

Exercise 3 txns

Insider Garfin Mitchell

Role Insider

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	2,950.6621	$0.00	$0.00
Exercise	Common Stock	2,950.6621	$0.00	$0.00
Disposition	Common Stock	2,950.6621	$11.76	$35K

Holdings After Transaction: Phantom Shares — 5,901.3242 contracts (Direct); Common Stock — 0 shares (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. 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.

FAQ

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

What insider transaction did Garfin Mitchell report for FRA on January 30, 2026?

Garfin Mitchell reported converting 2,950.6621 phantom shares into 2,950.6621 common shares of BlackRock Floating Rate Income Strategies Fund, Inc., then selling all of those common shares at $11.76 each, leaving no directly held common stock afterward.

How many FRA shares did Garfin Mitchell sell and at what price?

Garfin Mitchell sold 2,950.6621 common shares of BlackRock Floating Rate Income Strategies Fund, Inc. at $11.76 per share. The sale followed the same number of shares being acquired through the exercise of phantom share units on January 30, 2026.

What are phantom shares in the FRA insider filing for Garfin Mitchell?

In this filing, each phantom share is the economic equivalent of one FRA common share and becomes payable in cash once vesting conditions are met. These awards do not deliver actual stock; they are settled in cash based on the underlying share value.

How many phantom shares does Garfin Mitchell still hold in FRA?

After the January 30, 2026 transactions, Garfin Mitchell beneficially owned 5,901.3242 phantom shares. These units are cash-settled awards that mirror the value of FRA common stock, subject to vesting over time according to the grant’s installment schedule.

What is Garfin Mitchell’s role at BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)?

Garfin Mitchell is identified as a portfolio manager for BlackRock Floating Rate Income Strategies Fund, Inc. in the Form 4. He is not listed as a director, officer, or 10% owner, but reports transactions as an insider due to his portfolio management position.

When were Garfin Mitchell’s phantom shares originally granted at FRA?

The phantom shares referenced were granted on January 31, 2025, as previously reported in a Form 4 dated February 4, 2025. They vest in three equal annual installments, with each vested portion payable in cash rather than in FRA common stock.

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

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Accepted by SEC EDGAR 02/03/2026 - 06:01 PM 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^*

Garfin Mitchell

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. [ FRA ]

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		2,950.6621	A	(1)(2)	2,950.6621	D
Common Stock	01/30/2026		D		2,950.6621	D	$11.76(1)(2)	0.0000	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			2,950.6621	(1)(2)	(1)(2)	Common Stock	2,950.6621	(1)(2)	5,901.3242	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.