Christian Romaglino - Jan 31, 2025 Form 4 Insider Report for BlackRock 2037 Municipal Target Term Trust (BMN)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Stock symbol
BMN
Transactions as of
Jan 31, 2025
Transactions value $
$165
Form type
4
Date filed
2/4/2025, 03:34 PM
Previous filing
Feb 2, 2024
Next filing
Mar 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMN Common Stock Options Exercise +51.3 +2.26% 2.32K Jan 31, 2025 Direct F1, F2
transaction BMN Common Stock Disposed to Issuer -$1.31K -51.3 -2.21% $25.58 2.27K Jan 31, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMN Phantom Shares Award $1.48K +57.8 $25.58 57.8 Jan 31, 2025 Common Stock 57.8 Direct F1, F3
transaction BMN Phantom Shares Options Exercise -51.3 -33.33% 103 Jan 31, 2025 Common Stock 51.3 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 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.
F3 These phantom shares vest in equal installments on each of the first three anniversaries of the award.