KESTER W CARL 4
4 · BLACKROCK MUNIHOLDINGS FUND, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
MHD Director Carl Kester Receives 85 Shares in Reorganization
What Happened
Carl W. Kester, a director of BlackRock MuniHoldings Fund, Inc. (MHD), acquired 85 common shares of MHD on February 9, 2026. The shares were received in a fund reorganization—his 100 shares of BlackRock MuniHoldings Quality Fund II, Inc. were converted to 85 shares of the Acquiring Fund. Using the Acquiring Fund NAV reported on Feb 6 ($12.8419), the 85 shares are approximately $1,092 in aggregate value. The Form 4 reports the transaction as an "other acquisition or disposition (J)."
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11) — filing appears timely.
- Transaction type/code: Other acquisition (code J) via fund reorganization.
- Shares received: 85 common shares of BlackRock MuniHoldings Fund, Inc.
- Estimated value: ≈ $1,092 (85 × $12.8419 NAV reported Feb 6, 2026).
- Shares owned after transaction: 85 shares of the Acquiring Fund (received in exchange for 100 Target Fund shares).
- Notable footnote: Reorganization effective Feb 9, 2026; conversion ratio was 0.85365094. Cash was paid for any fractional shares.
Context
This was an administrative conversion from one BlackRock fund to another as part of a reorganization, not an open-market buy or sale. Such conversions reflect the mechanics of fund mergers and do not, by themselves, indicate director trading sentiment.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09+85→ 255 total
Footnotes (1)
- [F1]Effective as of February 9, 2026 BlackRock MuniHoldings Quality Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"). In the reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on February 6, 2026 , less the costs of the reorganization. As of February 6, 2026 , the Target Fund reported a NAV per share of $10.9625 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.85365094. In the reorganization, Carl W. Kester received 85 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.