Harris Stayce D. 4
4 · BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniHoldings (MUE) Director Stayce D. Harris Converts Shares
What Happened
Stayce D. Harris, a director, had 10.7424 shares of BlackRock MuniHoldings Quality Fund II, Inc. (the "Target Fund") converted as part of a fund reorganization on Feb 9, 2026. The Target Fund was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"); Harris’s 10.7424 Target shares were exchanged for 9 common shares of the Acquiring Fund (and cash for any fractional share). No open-market sale occurred — this was a conversion in a corporate reorganization. Based on NAVs reported as of Feb 6, 2026, the 10.7424 Target shares equaled roughly $117.76 (Target NAV $10.9625) and the 9 Acquiring Fund shares equaled about $115.58 (Acquiring NAV $12.8419); the small difference reflects reorganization costs and fractional cash.
Key Details
- Transaction date: 2026-02-09 (conversion/reorganization); Form 4 filed: 2026-02-11.
- Reported transaction code: J (other acquisition/disposition); per-share price: N/A (conversion based on NAV).
- Shares involved: disposed/converted 10.7424 shares of the Target Fund; received 9 shares of the Acquiring Fund (plus cash for fractional share).
- Conversion ratio: 0.85365094 (Target → Acquiring); NAVs used: Target $10.9625, Acquiring $12.8419 (as of Feb 6, 2026).
- Timeliness: Filing appears timely (reported two days after the Feb 9 transaction).
Context
This was an automatic conversion tied to a fund reorganization, not a discretionary open‑market trade by the insider. Such conversions simply exchange old fund shares for new fund shares (and cash for fractions) based on NAV and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Other
Common Stock
[F1]2026-02-09−10.742→ 0 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, 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.