MVF portfolio manager reports 86-share stock sale

BlackRock Munivest Fund portfolio manager Phillip Soccio reported a small, routine compensation-related transaction.

Rhea-AI Filing Summary

BlackRock Munivest Fund portfolio manager Phillip Soccio reported a small, routine compensation-related transaction. On January 30, 2026, 86.7767 phantom shares vested, each representing the economic value of one common share payable in cash.

In connection with this vesting, 86.7767 common shares were shown as acquired at $0.00 per share and then disposed of at $7.02 per share, leaving 0.0000 common shares directly owned. After the vesting, Soccio held 173.5534 phantom shares, which remain cash-settled and do not represent actual share ownership.

Insider Trade Summary

86.7767 shares exercised/converted

Exercise 3 txns

Insider Soccio Phillip

Role Insider

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	86.7767	$0.00	$0.00
Exercise	Common Stock	86.7767	$0.00	$0.00
Disposition	Common Stock	86.7767	$7.02	$609.17

Holdings After Transaction: Phantom Shares — 173.5534 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 MVF portfolio manager Phillip Soccio report?

Phillip Soccio reported vesting of 86.7767 phantom shares tied to BlackRock Munivest Fund common stock. These awards are cash-settled, so he briefly reported acquiring and then selling 86.7767 common shares, ending with zero directly owned shares afterward.

How many BlackRock Munivest (MVF) shares were sold in this Form 4?

The filing shows a sale of 86.7767 shares of common stock at a price of $7.02 per share. This sale was linked to the vesting and settlement of an equal number of phantom shares under a cash-based compensation arrangement.

Does Phillip Soccio still directly own MVF common stock after this transaction?

No. After the reported January 30, 2026 transactions, the Form 4 lists 0.0000 shares of BlackRock Munivest common stock directly owned. His remaining economic exposure is through 173.5534 phantom shares, which are payable in cash rather than stock.

What are phantom shares in the BlackRock Munivest (MVF) compensation plan?

Phantom shares are the economic equivalent of one common share but are payable in cash. They follow vesting requirements and, upon vesting, deliver cash value instead of actual stock, as described for Phillip Soccio’s January 31, 2025 grant vesting over three years.

When were the MVF phantom shares granted to Phillip Soccio?

According to the footnotes, Phillip Soccio received phantom shares on January 31, 2025. These awards vest in equal installments on each of the first three anniversaries of the grant date and are payable in cash upon vesting, not in actual fund shares.

What role does Phillip Soccio hold at BlackRock Munivest Fund (MVF)?

Phillip Soccio is identified as a portfolio manager for BlackRock Munivest Fund, Inc. He is not listed as a director, officer, or 10% owner in the Form 4, but is reported under the “Other” relationship category with the title “Portfolio Manager.”

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

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Accepted by SEC EDGAR 02/03/2026 - 07:22 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^*

Soccio Phillip

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIVEST FUND, INC. [ MVF ]

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		86.7767	A	(1)(2)	86.7767	D
Common Stock	01/30/2026		D		86.7767	D	$7.02(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			86.7767	(1)(2)	(1)(2)	Common Stock	86.7767	(1)(2)	173.5534	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.