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DNT Asset Trust exits BlackRock MuniVest (MVF) preferred share stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BLACKROCK MUNIVEST FUND, INC. reported an insider transaction involving its Series W-7 Variable Rate Muni Term Preferred Shares. A total of 1,536 preferred shares beneficially owned by DNT Asset Trust were sold in an open-market transaction, with JPMorgan Chase & Co. reporting an indirect interest through its subsidiary.

The sale price for the VMTP Shares was stated as $100,173.1232878 per share, and the position shown in this filing for these securities dropped to zero shares following the transaction. The reporting persons also state that the joint filing does not constitute an admission that they are acting as a group regarding the issuer’s securities.

Positive

  • None.

Negative

  • None.
Insider JPMORGAN CHASE & CO, DNT Asset Trust
Role 10% Owner | 10% Owner
Sold 1,536 shs ($0.00)
Type Security Shares Price Value
Sale Series W-7 Variable Rate Muni Term Preferred Shares 1,536 $0.00 --
Holdings After Transaction: Series W-7 Variable Rate Muni Term Preferred Shares — 0 shares (Indirect, By Subsidiary)
Footnotes (1)
  1. The variable rate muni term preferred shares reported as disposed of in Table I (the "VMTP Shares") represent shares that were beneficially owned by DNT Asset Trust ("DNT Trust"). The VMTP Shares were disposed of as a result of a sale of the VMTP Shares in an open market transaction for a price of $100,173.1232878 per share. The 1,536 shares reported as disposed of in Table I represent shares that were beneficially owned by DNT Trust. This statement is jointly filed by JPMorgan Chase & Co. and DNT Trust. JPMorgan Chase & Co. holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary DNT Trust. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
JPMORGAN CHASE & CO
(Last) (First) (Middle)
270 PARK AVENUE
(Street)
NEW YORK NY 10017
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIVEST FUND, INC. [ MVF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series W-7 Variable Rate Muni Term Preferred Shares 02/19/2026 S(1)(2) 1,536 D(1) (1) 0 I(2) By Subsidiary(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
JPMORGAN CHASE & CO
(Last) (First) (Middle)
270 PARK AVENUE
(Street)
NEW YORK NY 10017
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
DNT Asset Trust
(Last) (First) (Middle)
270 PARK AVENUE
(Street)
NEW YORK NY 10017
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The variable rate muni term preferred shares reported as disposed of in Table I (the "VMTP Shares") represent shares that were beneficially owned by DNT Asset Trust ("DNT Trust"). The VMTP Shares were disposed of as a result of a sale of the VMTP Shares in an open market transaction for a price of $100,173.1232878 per share. The 1,536 shares reported as disposed of in Table I represent shares that were beneficially owned by DNT Trust.
2. This statement is jointly filed by JPMorgan Chase & Co. and DNT Trust. JPMorgan Chase & Co. holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary DNT Trust.
3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Remarks:
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
JPMORGAN CHASE & CO., by: Michael Lees, /s/ Michael Lees 02/26/2026
DNT ASSET TRUST, by: Tim A. Self, /s/ Tim A. Self 02/26/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BLACKROCK MUNIVEST FUND, INC. report?

The filing reports a sale of 1,536 Series W-7 Variable Rate Muni Term Preferred Shares. These VMTP Shares were beneficially owned by DNT Asset Trust and were sold in an open-market transaction, fully reducing the reported position in these securities to zero shares.

Who is the selling holder in the BLACKROCK MUNIVEST VMTP transaction?

The VMTP Shares were beneficially owned by DNT Asset Trust. JPMorgan Chase & Co. reports an indirect interest through its ownership of DNT Asset Trust, meaning the sale is attributed to the trust, with JPMorgan’s interest arising via its subsidiary relationship.

How many BLACKROCK MUNIVEST Series W-7 preferred shares were sold?

The filing shows that 1,536 Series W-7 Variable Rate Muni Term Preferred Shares were sold. After this transaction, the total number of these preferred shares reported as owned in the filing decreased to zero, indicating a full exit from this specific VMTP position.

What price was received per BLACKROCK MUNIVEST VMTP share in the sale?

The VMTP Shares were sold for $100,173.1232878 per share in an open-market transaction. This per-share figure reflects the stated consideration for each Series W-7 Variable Rate Muni Term Preferred Share beneficially owned by DNT Asset Trust at the time of the sale.

Do the reporting persons claim to be a group regarding BLACKROCK MUNIVEST securities?

No. The reporting persons state that filing this statement should not be seen as an admission that they are acting as a partnership, syndicate, or group. They specifically disclaim being a group for purposes of holding or disposing of the issuer’s securities.