KALINOSKI MICHAEL 4

What Happened

• Michael Kalinoski, a director of BlackRock MuniHoldings Fund, Inc. (MHD), received a total of 6,308 MHD common shares on Feb 9, 2026 as part of reorganizations of three BlackRock municipal bond closed-end funds. The filing reports three "other acquisition or disposition (J)" entries (no per-share trade price): 4 shares, 5,837 shares and 467 shares. Using the Acquiring Fund NAV reported in the footnotes ($12.8419), the shares are worth roughly $81,000 in aggregate. These were not open-market purchases but conversion exchanges in a corporate reorganization.

Key Details

• Transaction date: Feb 9, 2026; Form 4 filed Feb 11, 2026 (no late filing noted).
• Transaction type/code: "Other acquisition or disposition (J)" — shares issued in reorganizations (conversion), price N/A.
• Shares received: 4 (from BlackRock Municipal Income Trust), 5,837 (from BlackRock Municipal Income Trust II), 467 (from BlackRock Municipal Income Quality Trust) — total 6,308 MHD shares.
• Approximate value: 6,308 × $12.8419 (Acquiring Fund NAV per footnotes) ≈ $81,007.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: each receipt resulted from a Feb 9, 2026 reorganization of a target fund into BlackRock MuniHoldings; conversion ratios and target-fund NAVs are included in the footnotes; cash was paid for any fractional shares.

Context

• These were corporate reorganizations (share conversions based on NAV), not discretionary insider purchases or sales — they reflect fund consolidation mechanics rather than a trading decision by the director. Such conversions are routine for shareholders affected by fund mergers and generally shouldn't be read as a buy/sell signal about the director's view of the stock.