Romaglino Christian 4

4 · BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

MUE Portfolio Manager Christian Romaglino Sells 89.688 Shares

What Happened

Christian Romaglino, a portfolio manager at BlackRock MuniHoldings Quality Fund II, exercised phantom-share rights and immediately disposed of the resulting economic interest. The filing shows 89.688 phantom shares were settled to the issuer at $10.15 per share, with total reported proceeds of $910 (reported on Form 4 for the Jan 30, 2026 transaction). This is a cash settlement of a derivative award rather than an open-market sale of issued stock.

Key Details

Transaction date: January 30, 2026
Actions reported: M = exercise/conversion of derivative (phantom shares); D = disposition to issuer (cash settlement)
Quantity: 89.688 phantom shares settled
Price / proceeds: $10.15 per share; total reported proceeds $910
Shares owned after transaction: Not disclosed in the filing
Footnotes: F1 — a "phantom share" is an economic equivalent payable in cash on vesting. F2 — these phantom shares were granted Jan 31, 2023 and vest in equal installments over the first three anniversaries of the grant.
Timeliness: Filed Feb 3, 2026; this appears timely (Form 4 filed within required business days).

Context

This was a cash settlement of vested phantom shares (a derivative award), not a purchase of common stock. Exercise/conversion followed by disposition to the issuer indicates the award was paid out in cash on vesting rather than resulting in issued shares.
Such cash settlements are typically routine compensation/vesting events and do not necessarily signal a change in the insider’s view of the company.

Form 4

Period: 2026-01-30

Other

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-01-30+89.688→ 89.688 total
Disposition to Issuer
Common Stock
[F1][F2]
2026-01-30$10.15/sh−89.688$910→ 0 total
Exercise/Conversion
Phantom Shares
[F1][F2]
2026-01-30−89.688→ 0 total
→ Common Stock (89.688 underlying)

Footnotes (2)

[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.

Signature

/s/ Gladys Chang as Attorney-in-Fact|2026-02-03

1 file