Fund director Harris converts shares into BlackRock MQY (NYSE: MQY) in reorg

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported an insider Form 4 for director Stayce D. Harris tied to fund reorganizations, not open‑market trading. On February 23, 2026, three predecessor BlackRock municipal funds were reorganized into this fund.

In these reorganizations, Harris received 10, 9, and 9 common shares, each at a stated price of $0.0000 per share, reflecting exchanges for prior holdings of the target funds based on their net asset values and conversion ratios. After these transactions, her directly owned common stock position increased to 38.7830 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^*

Harris Stayce D.

(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, INC. [ MQY ]

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)
02/23/2026

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
Common Stock	02/23/2026		J(1)		10	A	(1)	20.783	D
Common Stock	02/23/2026		J(2)		9	A	(2)	29.783	D
Common Stock	02/23/2026		J(3)		9	A	(3)	38.783	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 23, 2026 BlackRock Investment Quality Municipal Trust (the "Target Fund") was reorganized into BlackRock MuniYield Quality 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 20, 2026, less the costs of the reorganization. As of February 20, 2026, the Target Fund reported a NAV per share of $12.3868 and the Acquiring Fund reported a NAV per share of 12.5453. The conversion ratio for the Target Fund's common shares was 0.98736579. In the reorganization, Stayce D. Harris received 10 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.7893 common shares of the Target Fund.

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 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 20, 2026, less the costs of the reorganization. As of February 20, 2026, the Target Fund reported a NAV per share of $11.0544 and the Acquiring Fund reported a NAV per share of $12.5453. The conversion ratio for the Target Fund's common shares was 0.88115868. In the reorganization, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.798 common shares of the Target Fund.

3. Effective as of February 23, 2026 BlackRock MuniYield Fund, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality 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 20, 2026, less the costs of the reorganization. As of February 20, 2026, the Target Fund reported a NAV per share of $11.5454 and the Acquiring Fund reported a NAV per share of $12.5453. The conversion ratio for the Target Fund's common shares was 0.92029684. In the reorganization, Stayce D. Harris received 9 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for her 10.8107 common shares of the Target Fund.

	/s/ Gladys Chang as Attorney-in-Fact	02/25/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did BLACKROCK MUNIYIELD QUALITY FUND, INC. (MQY) report for Stayce D. Harris?

The filing shows Stayce D. Harris, a director, reported three "other" transactions on February 23, 2026. These reflect share exchanges from fund reorganizations into MQY, not regular market purchases or sales, and increased her directly held common shares.

How many MQY shares did Stayce D. Harris receive in the February 2026 reorganizations?

Harris received 10, 9, and 9 MQY common shares in three separate transactions. Each arose from exchanging prior holdings in three BlackRock municipal funds that were reorganized into BLACKROCK MUNIYIELD QUALITY FUND, INC. on February 23, 2026.

What was Stayce D. Harris’s MQY share balance after the reported transactions?

After the three reported transactions, Harris’s directly owned MQY common stock increased to 38.7830 shares. Each line in the Form 4 lists the total shares following that specific conversion-related transaction, ending at this final balance.

Were the MQY insider transactions for Stayce D. Harris classified as buys or sells?

No, the transactions were coded "J" and described as "other acquisition or disposition." They represent share exchanges from fund reorganizations, with a reported price of $0.0000 per share, rather than traditional open‑market buys or sells.

Which funds were reorganized into BLACKROCK MUNIYIELD QUALITY FUND, INC. affecting Stayce D. Harris?

The reorganizations involved BlackRock Investment Quality Municipal Trust, BlackRock MuniYield Quality Fund II, Inc., and BlackRock MuniYield Fund, Inc.. Harris exchanged her shares in each target fund for MQY shares based on stated NAVs and conversion ratios.

On what date were the BlackRock municipal fund reorganizations into MQY effective?

The reorganizations became effective on February 23, 2026. Net asset values used for the conversions were measured as of February 20, 2026, and each predecessor fund had its own NAV and conversion ratio into MQY common shares.