STOCK TITAN
  1. Home
  2. Sec-filings
  3. MHD
  4. [Form 4] BLACKROCK MUNIHOLDINGS FUND, INC. Insider Trading Activity

BlackRock MuniHoldings (NYSE: MHD) trust shifts 7,178 preferred shares

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

Rhea-AI Filing Summary

BLACKROCK MUNIHOLDINGS FUND, INC. saw an internal restructuring of 7,178 Series W-7 Variable Rate Muni Term Preferred Shares. DNT Asset Trust moved these VMTP shares into a new JPM PD Series 5114 trust structure and now holds them indirectly as a beneficiary with contractual rights.

The transaction is coded as an "other" restructuring with no stated share price, indicating no open-market buy or sell. JPMorgan Chase & Co. reports only an indirect interest in these securities through its ownership of DNT Asset Trust, and both reporting persons expressly disclaim being part of any group under Section 13(d).

Positive

  • None.

Negative

  • None.
Insider JPMORGAN CHASE & CO, DNT Asset Trust
Role null | null
Type Security Shares Price Value
Other Series W-7 Variable Rate Muni Term Preferred Shares 7,178 $0.00 --
Other Series W-7 Variable Rate Muni Term Preferred Shares 7,178 $0.00 --
Holdings After Transaction: Series W-7 Variable Rate Muni Term Preferred Shares — 0 shares (Indirect, By Subsidiary)
Footnotes (1)
  1. The 7,178 Series W-7 Variable Rate Muni Term Preferred Shares (the "VMTP Shares") shown in Table I represent VMTP Shares of the Issuer that, prior to the transaction date specified above were beneficially owned directly by DNT Asset Trust ("DNT Trust"). On the transaction date specified above, DNT Trust deposited the VMTP Shares into a trust designated as the JPM PD Series 5114 Trust (the "TOB Trust"). DNT Trust, as a beneficiary of the TOB Trust and through its contractual rights, retains an indirect beneficial ownership in the VMTP Shares. This statement is jointly filed by JPMorgan Chase & Co. and DNT Trust. JPMorgan Chase & Co. holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary DNT Trust. 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 US Securities Exchange Act of 1934 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.
Restructured VMTP shares 7,178 shares Series W-7 Variable Rate Muni Term Preferred Shares moved into new trust
Restructuring share total 14,356 shares Total shares involved across two J-code restructuring entries
Reported price per share $0.0000 per share Internal restructuring transaction code J
Shares held by trust post-transfer 7,178 shares Total shares following transaction for DNT Asset Trust entry
Series W-7 Variable Rate Muni Term Preferred Shares financial
"The 7,178 Series W-7 Variable Rate Muni Term Preferred Shares (the "VMTP Shares") shown in Table I represent VMTP Shares..."
VMTP Shares financial
"The 7,178 Series W-7 Variable Rate Muni Term Preferred Shares (the "VMTP Shares") shown in Table I represent VMTP Shares of the Issuer..."
beneficial ownership financial
"DNT Trust, as a beneficiary of the TOB Trust and through its contractual rights, retains an indirect beneficial ownership in the VMTP Shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 13(d) regulatory
"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)..."
trust financial
"deposited the VMTP Shares into a trust designated as the JPM PD Series 5114 Trust (the "TOB Trust")."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
JPMORGAN CHASE & CO
(Last)(First)(Middle)
270 PARK AVENUE
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIHOLDINGS FUND, INC. [ MHD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Series W-7 Variable Rate Muni Term Preferred Shares06/02/2026J(1)7,178D(1)(1)0(1)I(2)By Subsidiary(2)(3)
Series W-7 Variable Rate Muni Term Preferred Shares06/02/2026J(1)7,178A(1)(1)7,178(1)IBy Trust(1)(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
JPMORGAN CHASE & CO
(Last)(First)(Middle)
270 PARK AVENUE
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
DNT Asset Trust
(Last)(First)(Middle)
270 PARK AVENUE
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. The 7,178 Series W-7 Variable Rate Muni Term Preferred Shares (the "VMTP Shares") shown in Table I represent VMTP Shares of the Issuer that, prior to the transaction date specified above were beneficially owned directly by DNT Asset Trust ("DNT Trust"). On the transaction date specified above, DNT Trust deposited the VMTP Shares into a trust designated as the JPM PD Series 5114 Trust (the "TOB Trust"). DNT Trust, as a beneficiary of the TOB Trust and through its contractual rights, retains an indirect beneficial ownership in the VMTP Shares.
2. This statement is jointly filed by JPMorgan Chase & Co. and DNT Trust. JPMorgan Chase & Co. holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary DNT Trust.
3. 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 US Securities Exchange Act of 1934 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.
Remarks:
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
JPMORGAN CHASE & CO., by: /s/ Michael Lees, Executive Director06/04/2026
DNT ASSET TRUST, by:/s/ Sean Saroya, Authorized Officer06/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did the Form 4 for BLACKROCK MUNIHOLDINGS FUND (MHD) disclose?

The Form 4 shows an internal restructuring of 7,178 Series W-7 Variable Rate Muni Term Preferred Shares. DNT Asset Trust moved these VMTP shares into a new trust but retained indirect beneficial ownership through its beneficiary and contractual rights.

Who is the main reporting owner in the MHD Form 4 filing?

The filing lists DNT Asset Trust and JPMorgan Chase & Co. as reporting persons. DNT Asset Trust directly handled the VMTP share transfer, while JPMorgan’s interest is indirect through its ownership of DNT Asset Trust.

How many MHD preferred shares were affected in this restructuring?

The restructuring involved 7,178 Series W-7 Variable Rate Muni Term Preferred Shares. These VMTP shares were deposited by DNT Asset Trust into a new trust, with DNT retaining an indirect beneficial interest after the transfer.

Did the MHD Form 4 show any open-market buying or selling?

No open-market buying or selling is shown. The transactions are coded "J" as other acquisition or disposition at a reported price of $0.0000 per share, indicating an internal restructuring rather than a market trade.

What is the role of the JPM PD Series 5114 Trust in this MHD filing?

The JPM PD Series 5114 Trust is the new trust receiving the 7,178 VMTP shares. DNT Asset Trust deposited the shares into this TOB trust and retains indirect beneficial ownership as a beneficiary with specific contractual rights over the VMTP shares.

How does JPMorgan Chase & Co. relate to the MHD preferred shares?

JPMorgan Chase & Co. holds an indirect interest in the VMTP shares through its indirect ownership of DNT Asset Trust. The filing stresses this is not an admission of being part of any group under Section 13(d) regarding the issuer.