MHD Form 4 reports multiple insider transactions

HUBBARD ROBERT GLENN reported multiple insider transaction types in a Form 4 filing for MHD.

Accepted by SEC EDGAR 02/11/2026 - 06:20 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

HUBBARD ROBERT GLENN reported multiple insider transaction types in a Form 4 filing for MHD. The filing lists transactions totaling 1,157 shares. Following the reported transactions, holdings were 1,485 shares.

Insider Trade Summary

Other: 1,157 shares

Other 3 txns

Insider HUBBARD ROBERT GLENN

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	285	$0.00	$0.00
Other	Common Stock	587	$0.00	$0.00
Other	Common Stock	285	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,485 shares (Direct)

Footnotes (3)

1. F1. Effective as of February 9, 2026 BlackRock Municipal Income 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 $10.8945 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.84835577. 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 336 common shares of the Target Fund.
2. F2. 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.
3. F3. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 4 for BLACKROCK MUNIHOLDINGS FUND (MHD) show for Glenn R. Hubbard?

The Form 4 shows director Glenn R. Hubbard reported three "J" code transactions on February 9, 2026, receiving MHD common shares through fund reorganizations rather than open‑market trades, resulting in 1,485 MHD shares held directly after the transactions.

How many MHD shares did Glenn R. Hubbard hold after the reported transactions?

After the transactions, director Glenn R. Hubbard beneficially owned 1,485 shares of BlackRock MuniHoldings Fund, Inc. common stock directly. This total reflects shares received in exchange for his holdings in three predecessor BlackRock municipal income funds that were reorganized into MHD.

Were Glenn R. Hubbard’s MHD transactions reported as buys or sells on the Form 4?

They were reported with transaction code "J", described as "Other acquisition or disposition", not standard buys or sells. The filing explains these entries reflect share exchanges from fund reorganizations where predecessor BlackRock municipal income funds were merged into BlackRock MuniHoldings Fund, Inc.

What share amounts did Glenn R. Hubbard receive in the MHD fund reorganization?

Glenn R. Hubbard received 285, 587, and 285 MHD common shares in three separate "J" code transactions, all dated February 9, 2026. These shares were issued in exchange for his holdings in three different BlackRock municipal income funds that were reorganized into MHD.

Which predecessor funds were reorganized into BlackRock MuniHoldings Fund, Inc. for Glenn R. Hubbard’s holdings?

The footnotes state that BlackRock Municipal Income Trust, BlackRock Municipal Income Trust II, and BlackRock Municipal Income Quality Trust were each reorganized into BlackRock MuniHoldings Fund, Inc. Hubbard’s holdings in these target funds were converted into MHD shares based on stated net asset value conversion ratios.

What were the reported net asset values used in the MHD fund reorganizations?

As of February 6, 2026, the predecessor funds reported per‑share NAVs of $10.8945, $11.4106, and $12.0152. BlackRock MuniHoldings Fund, Inc. reported a per‑share NAV of $12.8419, and each reorganization used a specified conversion ratio to determine the MHD shares issued.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

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 MUNIHOLDINGS FUND, INC. [ MHD ]

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)		285	A	(1)	613	D
Common Stock	02/09/2026		J(2)		587	A	(2)	1,200	D
Common Stock	02/09/2026		J(3)		285	A	(3)	1,485	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 (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 $10.8945 and the Acquiring Fund reported a NAV per share of $12.8419. The conversion ratio for the Target Fund's common shares was 0.84835577. 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 336 common shares of the Target Fund.

2. 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.

3. 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).
** 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.