Kyle McClements - Jan 31, 2025 Form 4 Insider Report for BlackRock Resources & Commodities Strategy Trust (BCX)

Role: Portfolio Manager
Signature: /s/ Gladys Chang as Attorney-in-Fact
Stock symbol: BCX
Transactions as of: Jan 31, 2025
Transactions value $: -$17,257
Form type: 4
Date filed: 2/4/2025, 03:37 PM
Previous filing: Feb 2, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BCX	Common Stock	Options Exercise		+1.92K	+26.21%		9.25K	Jan 31, 2025	Direct	F1, F2, F3
transaction	BCX	Common Stock	Disposed to Issuer	-$17.3K	-1.92K	-20.77%	$8.98	7.33K	Jan 31, 2025	Direct	F1, F2, F3

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	BCX	Phantom Shares	Options Exercise		-590	-50%		590	Jan 31, 2025	Common Stock	590		Direct	F1, F2
transaction	BCX	Phantom Shares	Options Exercise		-1.33K	-100%		0	Jan 31, 2025	Common Stock	1.33K		Direct	F1, F3

* 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, 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.
F3	As previously reported on a Form 4 dated February 3, 2022, the Reporting Person was granted phantom shares on January 31, 2022 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.