BlackRock MuniVest Fund II (MVT) holder exits 777 Series W-7 preferreds

Rhea-AI Filing Summary

BLACKROCK MUNIVEST FUND II, INC. reported an insider transaction involving its Series W-7 Variable Rate Muni Term Preferred Shares. DNT Asset Trust, indirectly owned by JPMorgan Chase & Co., sold 777 of these preferred shares in an open-market transaction at a price of $100,173.1232819 per share. After this sale, the reporting table shows no preferred shares remaining for this indirect holding.

Insights

Closed-end fund and preferred securities analyst

Large institutional holder exits a preferred share position in MVT.

The transaction shows DNT Asset Trust, indirectly owned by JPMorgan Chase & Co., selling 777 Series W-7 Variable Rate Muni Term Preferred Shares of BlackRock MuniVest Fund II in an open-market trade at $100,173.1232819 per share.

These are preferred shares, not common equity, so the move reflects a change in an institutional investor’s exposure to this specific financing instrument rather than a direct trade in the fund’s common stock. The form shows the position in these preferred shares falling to zero after the sale.

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

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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 II, INC. [ MVT ]

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)		777	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 $100,173.1232819 per share. The 777 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.
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FAQ

What insider transaction did BLACKROCK MUNIVEST FUND II (AMJB) report?

The fund reported that DNT Asset Trust sold 777 Series W-7 Variable Rate Muni Term Preferred Shares in an open-market transaction. The filing shows this sale reduced the reporting indirect position in these preferred shares to zero afterward.

Who executed the Form 4 sale related to BLACKROCK MUNIVEST FUND II (AMJB)?

The sale was attributed to DNT Asset Trust, which is indirectly owned by JPMorgan Chase & Co. The Form 4 is jointly filed by JPMorgan Chase & Co. and DNT Asset Trust, reflecting JPMorgan’s indirect interest through its subsidiary.

How many preferred shares were sold in the AMJB-related Form 4 filing?

The filing states that 777 Series W-7 Variable Rate Muni Term Preferred Shares were sold. These shares are described as variable rate muni term preferred securities of BlackRock MuniVest Fund II, reducing the indirect holding in this class to zero shares after the transaction.

What price was received per share in the AMJB Form 4 preferred share sale?

The variable rate muni term preferred shares were sold at a reported price of $100,173.1232819 per share in an open-market transaction. This per-share price is explicitly disclosed in the footnotes accompanying the Form 4 insider transaction report.

Is JPMorgan Chase & Co directly holding AMJB-related preferred shares after this Form 4?

The Form 4 indicates JPMorgan Chase & Co.’s interest was indirect through its subsidiary DNT Asset Trust. After DNT Asset Trust sold 777 preferred shares, the table shows zero preferred shares remaining for this indirect ownership position.