Maloney Kevin 4

What Happened
Kevin Maloney, a director of BlackRock MuniHoldings Fund, Inc. (MHD), acquired 84 common shares of MHD as part of a reorganization of BlackRock Municipal Income Quality Trust into BlackRock MuniHoldings Fund on February 9, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) and lists no trade price. The reorganization converted Maloney's 90.3286 shares of the target fund into 84 MHD shares (with cash paid for any fractional share). Using the reported MHD NAV of $12.8419 as of Feb 6, 2026, the 84 shares imply an approximate value of $1,079.

Key Details

• Transaction date: 2026-02-09; Filing date: 2026-02-11 (timely filing).
• Transaction type/code: Other acquisition (J) — reorganization exchange (not an open-market purchase).
• Shares received: 84 MHD common shares; shares surrendered: 90.3286 in the target fund.
• NAVs and conversion: Target Fund NAV $12.0152; MHD NAV $12.8419 (Feb 6, 2026); conversion ratio 0.93562479.
• Price reported: N/A (transaction done via share exchange based on NAV); cash was paid for fractional shares.
• Shares owned after transaction: Not specified in the provided filing.

Context
This was a corporate-action conversion resulting from a fund merger/reorganization — not a discretionary market buy or sell by the insider. Such exchanges reflect pro rata conversion of existing holdings and do not, by themselves, indicate the insider’s view on the stock. Transaction code J is used for "other acquisition/disposition" to capture this kind of non-standard transfer.