Phantom share reallocation at BlackRock MuniYield II (NYSE: MQT)

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND II, INC. reported an administrative update involving portfolio manager Christian Romaglino’s derivative holdings. The Form 4 shows an “other transaction” in 190.63 phantom shares at $10.30 per unit, with zero phantom shares shown as directly owned afterward.

Footnotes explain that each phantom share is economically equivalent to one share of common stock and, once vested, is paid in cash. Effective February 23, 2026, the fund was reorganized into BlackRock MuniYield Quality Fund, Inc., and the phantom stock units previously awarded in the Target Fund were reallocated and converted into units of the Acquiring Fund using the reorganization exchange ratio. The filing reflects this reallocation rather than a traditional buy or sell.

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^*

Romaglino Christian

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND II, INC. [ MQT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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
Phantom Shares	(1)	02/23/2026		J(2)			190.63	(1)(2)	(1)(2)	Common Stock	190.63	$10.3(2)	0	D

Explanation of Responses:

1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

2. Effective as of February 23, 2026, BlackRock MuniYield Quality Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund, Inc. (the "Acquiring Fund"). In connection with this reorganization, phantom stock units previously awarded to Christian Romaglino in the Target Fund were reallocated to the Acquiring Fund, converted at the exchange ratio used in the reorganization.

	/s/ Gladys Chang as Attorney-in-Fact	02/25/2026
	** 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 insider activity did BlackRock MuniYield Quality Fund II (MQT) report?

The fund reported an administrative reallocation of 190.63 phantom shares held by portfolio manager Christian Romaglino. These units were converted in connection with a reorganization into BlackRock MuniYield Quality Fund, Inc., rather than representing a traditional open-market trade.

Was the Romaglino Form 4 for BlackRock MuniYield Quality Fund II (MQT) a buy or sell?

The Form 4 records an “other transaction,” not a buy or sell. It reflects reallocation and conversion of phantom stock units during a fund reorganization, with no net buy or sell shares reported in the transaction summary.

What are phantom shares in the BlackRock MuniYield Quality Fund II (MQT) filing?

Phantom shares are awards that mirror the value of one common share and pay out in cash after vesting. In this case, 190.63 phantom shares tied to the Target Fund were converted into equivalent units of the Acquiring Fund during the reorganization.

How many phantom shares were involved in the MQT insider transaction?

The filing shows an “other transaction” involving 190.63 phantom shares at a reference price of $10.30 per unit. After this event, the report lists zero phantom shares directly owned, reflecting the reallocation to the acquiring fund structure.

What reorganization affected phantom shares at BlackRock MuniYield Quality Fund II (MQT)?

Effective February 23, 2026, BlackRock MuniYield Quality Fund II, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc. Phantom stock units awarded in the Target Fund were reallocated and converted into units of the Acquiring Fund at the stated exchange ratio.