Harris Stayce D. 4
4 · BLACKROCK MUNIHOLDINGS FUND, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniHoldings (MHD) Director Stayce D. Harris Receives Shares
What Happened
Stayce D. Harris, a director of BlackRock MuniHoldings Fund, Inc. (MHD), acquired a total of 37 MHD common shares on February 9, 2026. The shares were not purchased on the open market — they were issued to Ms. Harris as part of reorganizations that converted holdings in four BlackRock municipal funds into shares of MHD. The reported transactions show 9, 9, 10 and 9 shares received (total = 37). No per-share trade price is reported (transactions coded “J” for reorganization); the acquiring fund’s NAV used for conversion was $12.8419 as of February 6, 2026.
Key Details
- Transaction date: February 9, 2026 (reported on Form 4 filed Feb 11, 2026 — timely filing).
- Shares received: 9 + 9 + 10 + 9 = 37 total; price per share: N/A (received via reorganization).
- Reorganizations involved (conversion of prior fund shares into MHD):
- From BlackRock Municipal Income Trust — received 9 shares (exchanged for ~10.7281 old shares).
- From BlackRock Municipal Income Trust II — received 9 shares (exchanged for ~10.755 old shares).
- From BlackRock Municipal Income Quality Trust — received 10 shares (exchanged for ~10.7409 old shares).
- From BlackRock MuniHoldings Quality Fund II, Inc. — received 9 shares (exchanged for ~10.7424 old shares).
- NAV used to set conversion value: MHD NAV $12.8419 (as of Feb 6, 2026); target fund NAVs and conversion ratios are detailed in the filing footnotes.
- Filing was timely (Form 4 filed two days after the effective date). No indication of 10b5-1 plan, awards, or tax-withholding reported.
Context
These transactions are corporate reorganizations (transaction code J) that convert shares of predecessor BlackRock municipal funds into shares of the acquiring fund, MHD. Such conversions are administrative — they reflect fund-level mergers and NAV-based exchange ratios rather than a director buying or selling based on market views, so they should not be read as a personal bullish or bearish signal.
Insider Transaction Report
Form 4
Harris Stayce D.
Director
Transactions
- Other
Common Stock
[F1]2026-02-09+9→ 19.794 total - Other
Common Stock
[F2]2026-02-09+9→ 28.794 total - Other
Common Stock
[F3]2026-02-09+10→ 38.794 total - Other
Common Stock
[F4]2026-02-09+9→ 47.794 total
Footnotes (4)
- [F1]Effective as of February 9, 2026 BlackRock Municipal Income Trust (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 $10.8945 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.84835577. In the reorganization, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7281 common shares of the Target Fund
- [F2]Effective as of February 9, 2026 BlackRock Municipal Income Trust II (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 $11.4106 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.88854453. In the reorganization, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.755 common shares of the Target Fund.
- [F3]Effective as of February 9, 2026 BlackRock Municipal Income Quality Trust (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 $12.0152 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.93562479. In the reorganization, Stayce D. Harris received 10 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7409 common shares of the Target Fund.
- [F4]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, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7424 common shares of the Target Fund.
Signature
/s/ Gladys Chang as Attorney-in-Fact|2026-02-11