# EDGAR Filing Document

**Accession Number:** 0001833936
**File Stem:** 0001193125-26-077445
**Filing Date:** 2026-2
**Character Count:** 9154
**Document Hash:** f08626d5c26e6134dd73ad3777f8a5e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-077445.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-077445

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FINANCIAL MANAGEMENT INC/DE
- **CENTRAL INDEX KEY:** 0001086363
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23626
- **FILM NUMBER:** 26690648

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Alpha Strategies Fund
- **CENTRAL INDEX KEY:** 0001833936

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Hedge Fund Guided Portfolio Solution
- **DATE OF NAME CHANGE:** 20201125

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>BLACKROCK FINANCIAL MANAGEMENT INC/DE<br><sub>(Last) (First) (Middle)</sub><br>50 HUDSON YARDS<br><sub>(Street)</sub><br>NEW YORK, NY 10001<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-06-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[ ] Officer (give title below) [X] Other (specify below)<br>_Affl. Of Investment Adviser_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>BlackRock Alpha Strategies Fund [ N/A ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Shares<sup>(1)</sup> | 2025-06-30<sup>(2)</sup> |  | S<sup>(2)</sup> |  | 571653.364 | D | 10.89<sup>(2)</sup> | 571653.364<sup>(3)</sup> | D |  |
| Class I Shares<sup>(4)</sup> | 2025-06-30<sup>(5)</sup> |  | S<sup>(5)</sup> |  | 872774.438 | D | 11.03<sup>(5)</sup> | 872774.437<sup>(6)</sup> | D |  |
| Class A Shares<sup>(1)</sup> | 2025-12-31<sup>(7)</sup> |  | S<sup>(7)</sup> |  | 571653.364 | D | 10.53<sup>(7)</sup> | 0 | D |  |
| Class I Shares<sup>(4)</sup> | 2025-12-31<sup>(8)</sup> |  | S<sup>(8)</sup> |  | 872774.437 | D | 10.64<sup>(8)</sup> | 0 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Reflects common shares of beneficial interest of BlackRock Alpha Strategies Fund, a registered, closed-end management investment company (the "Issuer"), designated as Class A Shares.

(2) The disposition of securities by the Reporting Person was made by tender to the Issuer, in connection with the issuer tender offer by the Issuer pursuant to the Tender Offer Statement on Schedule TO ("Schedule TO") filed with the Securities and Exchange Commission (the "Commission") on March 24, 2025. The purchase price for each Class A Share purchased by the Issuer in connection with the issuer tender offer was determined as of June 30, 2025, based on the net asset value of such Class A Shares as of such date.

(3) The amount of Class A Shares of the Issuer beneficially owned by the Reporting Person following this reported transaction includes Class A Shares acquired by the Reporting Person pursuant to the Issuer's automatic dividend reinvestment plan since the Form 4 filing made by the Reporting Person on March 25, 2021.

(4) Reflects common shares of beneficial interest of the Issuer designated as Class I Shares.

(5) The disposition of securities by the Reporting Person was made by tender to the Issuer, in connection with the issuer tender offer by the Issuer pursuant to the Schedule TO filed with the Commission on March 24, 2025. The purchase price for each Class I Share purchased by the Issuer in connection with the issuer tender offer was determined as of June 30, 2025, based on the net asset value of such Class I Shares as of such date.

(6) The amount of Class I Shares of the Issuer beneficially owned by the Reporting Person following this reported transaction includes Class I Shares acquired by the Reporting Person pursuant to the Issuer's automatic dividend reinvestment plan since the Form 4 filing made by the Reporting Person on March 25, 2021.

(7) The disposition of securities by the Reporting Person was made by tender to the Issuer, in connection with the issuer tender offer by the Issuer pursuant to the Schedule TO filed with the Commission on September 24, 2025. The purchase price for each Class A Share purchased by the Issuer in connection with the issuer tender offer was determined as of December 31, 2025, based on the net asset value of such Class A Shares as of such date.

(8) The disposition of securities by the Reporting Person was made by tender to the Issuer, in connection with the issuer tender offer by the Issuer pursuant to the Schedule TO filed with the Commission on September 24, 2025. The purchase price for each Class I Share purchased by the Issuer in connection with the issuer tender offer was determined as of December 31, 2025, based on the net asset value of such Class I Shares as of such date.

**Signature:** /s/ Gladys Chang as Attorney-in-Fact  
**Date:** 2026-02-26

### Remarks:

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.**