MQY director gets 92 shares in fund reorg

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported a Form 4 for director Walter O’Connor reflecting a fund reorganization rather than a normal market trade.

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported a Form 4 for director Walter O’Connor reflecting a fund reorganization rather than a normal market trade. Effective February 23, 2026, BlackRock MuniYield Fund was reorganized into BlackRock MuniYield Quality Fund. In this reorganization, common shareholders of the former fund received common shares of the new fund based on each fund’s net asset value (NAV) as of February 20, 2026. The former fund reported a NAV per share of $11.5454 and the acquiring fund reported a NAV per share of $12.5453, producing a conversion ratio of 0.92029684. Under this ratio, O’Connor received 92 common shares (plus cash for any fractional shares) of the acquiring fund in exchange for his 100 common shares of the former fund, leaving him with 92 common shares directly owned after the transaction at no stated per-share price.

Insider Trade Summary

Other: 92 shares

Other 1 txn

Insider OCONNOR WALTER

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	92	$0.00	$0.00

Holdings After Transaction: Common Stock — 92 shares (Direct)

Footnotes (1)

1. F1. Effective as of February 23, 2026 BlackRock MuniYield Fund (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, Walter O'Connor received 92 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.

FAQ

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

What insider transaction did MQY disclose for Walter O’Connor?

MQY disclosed a Form 4 for director Walter O’Connor showing an adjustment from a fund reorganization. He received 92 common shares of BlackRock MuniYield Quality Fund in exchange for 100 shares of BlackRock MuniYield Fund, rather than executing a market buy or sell.

Was Walter O’Connor’s MQY Form 4 a stock purchase or sale?

The Form 4 was not a typical stock purchase or sale. It reflects an “other transaction” where O’Connor’s holdings were converted in a reorganization, exchanging 100 shares of the former fund for 92 shares of BlackRock MuniYield Quality Fund at a calculated conversion ratio.

How was the share conversion ratio determined in the MQY reorganization?

The conversion ratio of 0.92029684 was based on each fund’s net asset value as of February 20, 2026. The former fund’s NAV per share was $11.5454 and the acquiring fund’s NAV per share was $12.5453, aligning exchanged shares to equal aggregate value, less reorganization costs.

How many MQY shares does Walter O’Connor hold after the reorganization?

After the reorganization, Walter O’Connor directly holds 92 common shares of BlackRock MuniYield Quality Fund. These 92 shares were issued in exchange for 100 shares he previously held in BlackRock MuniYield Fund, with any fractional entitlement settled in cash if applicable.

What dates are important in the MQY insider Form 4 reorganization?

Two dates are central. Net asset value calculations used February 20, 2026 to set the exchange terms, and the reorganization became effective on February 23, 2026. O’Connor’s Form 4 transaction date corresponds to this effective reorganization date for his converted share holdings.

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

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Accepted by SEC EDGAR 02/25/2026 - 08:15 PM Learn about SEC filing dates

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^*

OCONNOR WALTER

(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)		92	A	(1)	92	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 MuniYield Fund (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, Walter O'Connor received 92 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 100 common shares of the Target Fund.

	/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.
* 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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