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

Rhea-AI Filing Summary

HUBBARD ROBERT GLENN reported multiple insider transaction types in a Form 4 filing for BYM. The filing lists transactions totaling 305 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 QUALITY TRUST [ BYM ]

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)		305	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 Quality Trust (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 $12.0152 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.93562479. In the reorganization, Glenn R Hubbard received 285 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 305 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did BYM director Glenn R. Hubbard report?

Glenn R. Hubbard reported an exchange of BlackRock Municipal Income Quality Trust shares in a fund reorganization. He surrendered 305 Target Fund common shares and received 285 common shares of BlackRock MuniHoldings Fund, Inc., plus cash for any fractional shares created by the conversion ratio.

Why were BYM shares exchanged for BlackRock MuniHoldings Fund shares?

The exchange occurred because BlackRock Municipal Income Quality Trust was reorganized into BlackRock MuniHoldings Fund, Inc. As part of this reorganization, Target Fund shareholders received Acquiring Fund shares with a value equal to the aggregate NAV of their surrendered shares, less reorganization costs.

What conversion ratio was used in the BYM share reorganization?

The conversion ratio for BlackRock Municipal Income Quality Trust common shares was 0.93562479. This ratio determined how many BlackRock MuniHoldings Fund, Inc. shares each shareholder received, based on the relative net asset values per share of the Target Fund and the Acquiring Fund on February 6, 2026.

What net asset values were used to convert BYM shares in the reorganization?

The reorganization used February 6, 2026 net asset values. The Target Fund reported a NAV per share of $12.0152, while the Acquiring Fund reported a NAV per share of $12.8419. These values were used to calculate the 0.93562479 conversion ratio applied to shareholder holdings.

How many BlackRock MuniHoldings shares did Glenn R. Hubbard receive?

Glenn R. Hubbard received 285 common shares of BlackRock MuniHoldings Fund, Inc. in exchange for 305 common shares of BlackRock Municipal Income Quality Trust. He also received cash for any fractional shares resulting from applying the 0.93562479 conversion ratio to his original holdings.

Does the Form 4 show Glenn R. Hubbard still owning BYM shares after the transaction?

The Form 4 reports that Glenn R. Hubbard held zero BlackRock Municipal Income Quality Trust common shares directly after the transaction. His prior 305 Target Fund shares were fully exchanged into 285 BlackRock MuniHoldings Fund, Inc. shares as part of the completed fund reorganization.