Soccio Phillip 4

What Happened
Phillip Soccio, a portfolio manager at BlackRock MuniHoldings Quality Fund II, disposed of 123.479 phantom shares (derivative units) on February 9, 2026. The units were converted/valued at $10.07 each for a total economic amount of about $1,243. This was an “other acquisition or disposition” (code J) relating to derivative phantom stock units, not an open-market sale of actual common shares.

Key Details

• Transaction date: 2026-02-09; filing date (Form 4): 2026-02-11 (filed within typical 2‑business‑day reporting window).
• Price/value: $10.07 per unit; total economic value ≈ $1,243.
• Quantity: 123.479 phantom shares (reported as a derivative disposition).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — phantom shares are cash-settled equivalents of common shares, payable subject to vesting. F2 — units were reallocated and converted into the acquiring fund (BlackRock MuniHoldings Fund, Inc.) as part of a fund reorganization effective Feb 9, 2026.

Context
This was a derivative/phantom-unit conversion tied to a fund reorganization (BlackRock MuniHoldings Quality Fund II reorganized into BlackRock MuniHoldings Fund, Inc.). Such transactions often reflect administrative or plan-driven payouts rather than discretionary open-market selling by the insider. The dollar amount here is small ($~1.2k) and appears routine.