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Bank of America Files Form 4/A for MUNEX Trades, 4,780 Shares

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

Rhea-AI Filing Summary

Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. jointly filed an amended Form 4 correcting two lines previously reported for trades in BlackRock Municipal Credit Alpha Portfolio, Inc. (MUNEX). The amendment sets the earliest transaction date as 09/25/2025 and clarifies the security title. The reported activity shows an indirect purchase of 4,780 shares at $12.64 followed the same day by an indirect sale of 4,780 shares at $12.68, leaving 0 shares beneficially owned after the transactions. The filing states Bank of America holds the interest indirectly through its 100% ownership of Merrill Lynch and disclaims beneficial ownership except to the extent of any pecuniary interest. The reporting parties also note that, without conceding Section 16(b) applicability, any short-swing profit potentially recoverable would be remitted to the issuer.

Positive

  • Amendment corrects transaction date and security title, improving disclosure clarity
  • Matched buy and sell of 4,780 shares left no residual position, simplifying ongoing reporting
  • Commitment to remit any recoverable short-swing profit reduces potential unresolved compliance exposure

Negative

  • Initial filing errors required an amendment to correct trade details
  • No beneficial ownership remains following the trades, so there is no ongoing insider stake reported

Insights

TL;DR: An amended insider report corrects trade details and shows matched buy/sell of 4,780 shares on 09/25/2025.

The amendment fixes the transaction date and security title for two entries and clarifies that the interest is held indirectly through Merrill Lynch, a wholly owned subsidiary. Correcting such metadata improves transparency about which entity exercised trading authority.

The matched purchase and sale at $12.64 and $12.68 respectively produced no retained position, reducing ongoing insider ownership disclosure. Watch for any related filings if the issuer requests recovery under Section 16(b) within the statutory period.

TL;DR: The filing includes a compliance-safe declaration about potential short-swing profit remittance.

The reporting persons explicitly state they do not concede greater-than-10% beneficial owner status and reserve that the filing is not an admission under Section 13(d). They also commit that any potential short-swing profit, if applicable, will be remitted to the issuer.

This language is a common protective formulation; investors and compliance officers should note the commitment to remit recoverable amounts and monitor whether the issuer pursues recovery or accepts the filing as corrective documentation.

Insider BANK OF AMERICA CORP /DE/, MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
Role 10% Owner | 10% Owner
Bought 4,780 shs ($60K)
Sold 4,780 shs ($61K)
Type Security Shares Price Value
Purchase COMMON STOCK 4,780 $12.64 $60K
Sale COMMON STOCK 4,780 $12.68 $61K
Holdings After Transaction: COMMON STOCK — 0 shares (Indirect, See Footnotes)
Footnotes (3)
  1. F1. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons") to amend the two lines of transaction information disclosed in Table 1 by the Reporting Persons on September 29, 2025. The amendment reflects the correct Title of Security for each trade and the correct Date of Earliest Transaction Required to be Reported. Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
  2. F2. 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 Exchange Act 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.
  3. F3. 3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What trades did BAC reporting persons disclose on Form 4/A?
They disclosed an indirect purchase of 4,780 shares at $12.64 and an indirect sale of 4,780 shares at $12.68 on 09/25/2025.

Who filed the amended Form 4/A for MUNEX and what is their relationship?
The amended Form 4/A was jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Inc.; Bank of America holds the interest indirectly through 100% ownership of Merrill Lynch.

Does the amendment change beneficial ownership after the transactions?
No. The matched buy and sell left 0 shares beneficially owned following the reported transactions.

Did the filers admit to being greater-than-10% owners or acting as a group?
No. They expressly disclaimed that the filing should be construed as an admission of >10% ownership or that they are acting as a group under Section 13(d).

Will any short-swing profit be returned to the issuer?
The reporting persons stated that, without conceding applicability, any short-swing profit potentially recoverable would be remitted to the issuer.
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
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/
(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N TRYON ST
(Street)
CHARLOTTE NC 28255
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BlackRock Municipal Credit Alpha Portfolio, Inc. [ MUNEX ] 		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)
09/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/29/2025 		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
COMMON STOCK(1)(2)(3) 09/25/2025 P 4,780 A $12.64 4,780 I See Footnotes(1)(2)(3)
COMMON STOCK(1)(2)(3) 09/25/2025 S 4,780 D $12.68 0 I See Footnotes(1)(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*
BANK OF AMERICA CORP /DE/
(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N TRYON ST
(Street)
CHARLOTTE NC 28255
(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*
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
(Last) (First) (Middle)
ONE BRYANT PARK
(Street)
NEW YORK NY 10036
(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. This statement is jointly filed by Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") (collectively, the "Reporting Persons") to amend the two lines of transaction information disclosed in Table 1 by the Reporting Persons on September 29, 2025. The amendment reflects the correct Title of Security for each trade and the correct Date of Earliest Transaction Required to be Reported. Bank of America Corporation holds an indirect interest in the securities listed in this Report by virtue of its 100% ownership of its subsidiary Merrill Lynch. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose.
2. 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 Exchange Act 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.
3. 3. Without conceding its status as a greater than 10% beneficial owner or that the reported transactions are subject to disclosure under Section 16(a) of the Exchange Act or short-swing profit recovery under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) will be remitted to the Issuer.
/s/ Authorized Signatory Andres Ortiz 10/06/2025
/s/ Authorized Signatory Andres Ortiz 10/06/2025
** 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