KALINOSKI MICHAEL 4

What Happened

• Michael Kalinoski, a portfolio manager at BlackRock MuniYield Quality Fund II (MQT), disposed of 82.212 shares on January 30, 2026. The shares were surrendered to the issuer at $10.23 per share for a total cash value of approximately $841. The transaction arose from the conversion/settlement of phantom-share compensation (a derivative award), not an open-market sale.

Key Details

• Transaction dates and types: Jan 30, 2026 — exercise/conversion of derivative (code M) and disposition to issuer (code D).
• Price and value: Disposed at $10.23 per share; total proceeds ≈ $841.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes: F1 clarifies a phantom share is the economic equivalent of one common share and pays out in cash on vesting. F2 notes these phantom shares were granted Jan 31, 2024 and vest in equal installments on each of the first three anniversaries of the grant date.
• Filing: Form 4 was filed Feb 3, 2026 reporting the Jan 30, 2026 transactions (see the filing for timeliness details).

Context

• This was a cash settlement of phantom-share compensation (derivative exercise followed by surrender to the issuer), not a purchase or an open-market sale of previously-held common stock. Such transactions commonly reflect vesting and payout of compensation rather than a directional personal investment decision.