BlackRock TCP Capital (TCPC) officer sells 11,983 shares

Rhea-AI Filing Summary

BlackRock TCP Capital Corp.'s Co-Chief Investment Officer, Worrell August Daniel, reported transactions involving common stock and phantom share units. On January 30, 2026, he converted 11,983.2 phantom shares, which are cash-settled units economically equivalent to common stock, into the same number of common shares at no cost.

He then sold 11,983.2 common shares at a price of $5.18 per share. Following these transactions, he directly owned 33,500 common shares, and his reported holdings also included 11,983.2 phantom shares that are payable in cash upon vesting under the company’s involuntary deferred compensation plan.

Insider Trade Summary

11,983.2 shares exercised/converted

Mixed 3 txns

Insider Worrell August Daniel

Role Co-Chief Investment Officer

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	11,983.2	$0.00	--
Exercise	Common Stock	11,983.2	$0.00	--
Disposition	Common Stock	11,983.2	$5.18	$62K

Holdings After Transaction: Phantom Shares — 11,983.2 shares (Direct); Common Stock — 45,483.2 shares (Direct)

Footnotes (1)

1. Amount of securities beneficially owned includes shares acquired by the Reporting Person pursuant to the Issuer's dividend reinvestment plan. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash. The Reporting Person was granted phantom shares on January 31, 2024 payable in cash upon vesting pursuant to the Issuer's Involuntary Deferred Compensation Plan, which occurs in equal installments on each of the first three anniversaries of the grant date.

Form 4 Insider Transactions: What Each Field Means →

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^*

Worrell August Daniel

(Last) (First) (Middle)

2951 28TH STREET, SUITE 1000

(Street)

SANTA MONICA CA 90405

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock TCP Capital Corp. [ TCPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Investment Officer

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		11,983.2	A	(2)(3)	45,483.2(1)	D
Common Stock	01/30/2026		D		11,983.2	D	$5.18(2)(3)	33,500(1)	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	(2)(3)	01/30/2026		M			11,983.2	(2)(3)	(2)(3)	Common Stock	11,983.2	(2)(3)	11,983.2	D

Explanation of Responses:

1. Amount of securities beneficially owned includes shares acquired by the Reporting Person pursuant to the Issuer's dividend reinvestment plan.

2. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

3. The Reporting Person was granted phantom shares on January 31, 2024 payable in cash upon vesting pursuant to the Issuer's Involuntary Deferred Compensation Plan, which occurs in equal installments on each of the first three anniversaries of the grant date.

	/s/ Diana Huffman, 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.
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