BlackRock Corporate High Yield (HYT) manager exits 33K shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BlackRock Corporate High Yield Fund, Inc. portfolio manager Garfin Mitchell reported a same-day exercise and sale of common shares. On January 30, 2026, phantom share awards linked to prior grants were settled into 33,028.4483 shares of common stock, then those shares were sold at $8.86 per share, leaving no common stock directly held after the transaction. The phantom share awards were previously granted in 2023, 2024, and 2025 and are described as cash-settled instruments economically equivalent to one common share, vesting in equal installments over three years from each grant date.

Insider Trade Summary

33,028.448 shares exercised/converted

Mixed 5 txns

Insider Garfin Mitchell

Role Insider

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	15,669.864	$0.00	--
Exercise	Phantom Shares	10,104.215	$0.00	--
Exercise	Phantom Shares	7,254.37	$0.00	--
Exercise	Common Stock	33,028.448	$0.00	--
Disposition	Common Stock	33,028.448	$8.86	$293K

Holdings After Transaction: Phantom Shares — 31,339.727 shares (Direct); Common Stock — 33,028.448 shares (Direct)

Footnotes (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. 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. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

02/03/2026 - 04:22 PM

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

10001

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK CORPORATE HIGH YIELD FUND, INC. [ HYT ]

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/30/2026		M		33,028.4483	A	⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾	33,028.4483	D
Common Stock	01/30/2026		D		33,028.4483	D	$8.86⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Shares	⁽¹⁾⁽²⁾	01/30/2026		M			15,669.8637	⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Common Stock	15,669.8637	⁽¹⁾⁽²⁾	31,339.7274	D
Phantom Shares	⁽¹⁾⁽³⁾	01/30/2026		M			10,104.2148	⁽¹⁾⁽³⁾	⁽¹⁾⁽³⁾	Common Stock	10,104.2148	⁽¹⁾⁽³⁾	10,104.2148	D
Phantom Shares	⁽¹⁾⁽⁴⁾	01/30/2026		M			7,254.3698	⁽¹⁾⁽⁴⁾	⁽¹⁾⁽⁴⁾	Common Stock	7,254.3698	⁽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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did HYT portfolio manager Garfin Mitchell report?

Garfin Mitchell reported settling phantom share awards into 33,028.4483 HYT common shares, then selling the same number of shares at $8.86 on January 30, 2026. The filing shows no common stock directly owned after this transaction.

How many BlackRock Corporate High Yield Fund (HYT) shares were sold and at what price?

The filing shows a sale of 33,028.4483 HYT common shares at $8.86 per share on January 30, 2026. These shares came from the same-day settlement of phantom share awards previously granted to the portfolio manager.

What are phantom shares in the HYT Form 4 filing for Garfin Mitchell?

Phantom shares are described as the economic equivalent of one HYT common share, payable in cash when they vest. They do not represent actual stock but track the value of common shares and are settled in cash subject to vesting conditions.

When were Garfin Mitchell’s HYT phantom shares originally granted?

The phantom shares were granted on January 31 of 2023, 2024, and 2025. Each grant vests in equal installments on the first three anniversaries of its grant date, with payment made in cash upon vesting, according to the footnotes.

Did Garfin Mitchell hold HYT common stock after the reported transaction?

After exercising and then selling 33,028.4483 HYT common shares on January 30, 2026, the reported amount of common stock directly owned was zero. This reflects the same-day acquisition and full disposition of the exercised shares.

How many HYT phantom shares remained after the January 30, 2026 transactions?

Following the January 30, 2026 activity, one phantom share grant shows 31,339.7274 units, another 10,104.2148 units, and a third shows zero units. Each phantom share remains a cash-settled unit economically equivalent to one HYT common share.