Form 4: KALINOSKI MICHAEL reports multiple insider transactions in BYM

Rhea-AI Filing Summary

KALINOSKI MICHAEL reported multiple insider transaction types in a Form 4 filing for BYM. The filing lists transactions totaling 500 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^*

KALINOSKI MICHAEL

(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)		500	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, Michael Kalinoski received 467 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 500 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did BlackRock Municipal Income Quality Trust (BYM) disclose in this Form 4?

The filing shows director Michael Kalinoski reported an other transaction on February 9, 2026, tied to a fund reorganization. His BlackRock Municipal Income Quality Trust shares were exchanged for BlackRock MuniHoldings Fund, Inc. shares based on each fund’s stated net asset value.

How many BYM shares did Michael Kalinoski exchange in the reorganization?

Michael Kalinoski exchanged 500 common shares of BlackRock Municipal Income Quality Trust in the reorganization. These shares were converted into common shares of BlackRock MuniHoldings Fund, Inc., with the exact number determined using a specified conversion ratio based on the funds’ net asset values.

How many BlackRock MuniHoldings Fund shares did Kalinoski receive?

In the reorganization, Michael Kalinoski received 467 common shares of BlackRock MuniHoldings Fund, Inc. in exchange for 500 Target Fund shares. He also received cash for any fractional shares, so his total economic interest mirrored the stated conversion terms.

What was the conversion ratio used for BYM’s reorganization?

The reorganization used a conversion ratio of 0.93562479 for BlackRock Municipal Income Quality Trust common shares. Each Target Fund share was converted into that fraction of a BlackRock MuniHoldings Fund, Inc. share, with any remaining fractional share value settled in cash to shareholders.

What net asset values were used to determine the share exchange in BYM’s reorganization?

Net asset values as of February 6, 2026 were used. The Target Fund reported an NAV per share of $12.0152, and the Acquiring Fund reported an NAV per share of $12.8419. These NAVs underpinned the conversion ratio and resulting share allocations.

Did Michael Kalinoski retain any BYM shares after the reported transaction?

After the reported transaction, the Form 4 shows 0 shares beneficially owned for the reporting person in the Target Fund. His economic interest moved to BlackRock MuniHoldings Fund, Inc. shares received through the reorganization exchange and related cash for fractional shares.