Form 4: HUBBARD ROBERT GLENN reports multiple insider transactions in BLE

Rhea-AI Filing Summary

HUBBARD ROBERT GLENN reported multiple insider transaction types in a Form 4 filing for BLE. The filing lists transactions totaling 661 shares.

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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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^*

HUBBARD ROBERT GLENN

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNICIPAL INCOME TRUST II [ BLE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	02/09/2026		J(1)		661	D	(1)	0	D

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

Explanation of Responses:

1. Effective as of February 9, 2026, BlackRock Municipal Income Trust II (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 $11.4106 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.88854453. In the reorganization, Glenn R. Hubbard received 587 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 661 common shares of the Target Fund.

	/s/ Gladys Chang as Attorney-in-Fact	02/11/2026
	** 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 did the Form 4 for BLACKROCK MUNICIPAL INCOME TRUST (BLE) report?

The filing reports director Glenn R. Hubbard completed an other-type transaction involving 661 common shares on February 9, 2026. This was linked to a fund reorganization, leaving him with 0 common shares of BlackRock Municipal Income Trust after the transaction.

How many BLE shares did Glenn R. Hubbard dispose of in the reported transaction?

He reported a transaction involving 661 common shares of BlackRock Municipal Income Trust, coded as an “other acquisition or disposition.” Following this reorganization-related event, his reported beneficial ownership in this issuer’s common stock fell to 0 shares, according to the filing’s ownership table.

Why did Glenn R. Hubbard’s BLE shareholding fall to zero?

His shareholding fell to zero because his 661 common shares were exchanged as part of a reorganization involving BlackRock Municipal Income Trust II and BlackRock MuniHoldings Fund, Inc. The Form 4 shows 0 shares beneficially owned in this issuer after the reported transaction.

What reorganization is described in Glenn R. Hubbard’s BLE Form 4 footnote?

The footnote explains that, effective February 9, 2026, BlackRock Municipal Income Trust II was reorganized into BlackRock MuniHoldings Fund, Inc. Common shareholders of the target fund received acquiring fund shares equal in value to their surrendered shares, less reorganization costs, based on stated NAVs.

What NAV per share figures were used in the fund reorganization affecting BLE’s director?

As of February 6, 2026, the target fund reported a net asset value per share of $11.4106, and the acquiring fund reported $12.8419 per share. These values were used to determine the share conversion terms for common shareholders participating in the reorganization.

What conversion ratio and shares did Glenn R. Hubbard receive in the reorganization?

The conversion ratio for the target fund’s common shares was 0.88854453. Based on this ratio, Glenn R. Hubbard received 587 common shares of BlackRock MuniHoldings Fund, Inc., plus cash for any fractional shares, in exchange for his 661 common shares of the target fund.