Kalinoski’s fund reorganizations convert holdings into MQY shares (NYSE: MQY)

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. director Michael Kalinoski reported two “other” stock transactions tied to fund reorganizations effective February 23, 2026. In these reorganizations, two separate BlackRock municipal funds were merged into BlackRock MuniYield Quality Fund, and his prior holdings were converted into common shares of the acquiring fund at stated net asset value–based ratios.

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^*

KALINOSKI MICHAEL

(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)		443	A	(1)	6,191	D
Common Stock	02/23/2026		J(2)		920	A	(2)	7,111	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 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, Michael Kalinoski received 443 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 502.8144 common shares of the Target Fund.

2. 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, Michael Kalinoski received 920 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 1000 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.
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FAQ

What did the MQY Form 4 filing report for Michael Kalinoski?

The Form 4 for MQY reported two “other” transactions for director Michael Kalinoski. These reflect share conversions he received in BlackRock MuniYield Quality Fund, Inc. as part of fund reorganizations completed on February 23, 2026.

How many MQY shares did Michael Kalinoski receive in the reorganizations?

Michael Kalinoski received 443 common shares in one reorganization and 920 common shares in another. Both were issued by BlackRock MuniYield Quality Fund, Inc. in exchange for his prior holdings in the target funds.

What were the NAVs and conversion ratios used in the MQY-related reorganizations?

For one target fund, NAVs were $11.0544 and $12.5453 per share with a conversion ratio of 0.88115868. For the other, NAVs were $11.5454 and $12.5453 with a conversion ratio of 0.92029684.

Were Michael Kalinoski’s MQY transactions reported as buys or sells?

No, the Form 4 classifies both MQY transactions under code J as “other acquisition or disposition.” They are not marked as traditional open-market buys or sells but as conversions tied to fund reorganizations.

Which funds were reorganized into BlackRock MuniYield Quality Fund, Inc. (MQY)?

The filing states that BlackRock MuniYield Quality Fund II, Inc. and BlackRock MuniYield Fund were each reorganized into BlackRock MuniYield Quality Fund, Inc. effective February 23, 2026, leading to the reported share conversions.

How many target fund shares did Kalinoski exchange to receive MQY shares?

In one reorganization, Michael Kalinoski exchanged 502.8144 target fund shares for 443 MQY shares. In the other, he exchanged 1,000 target fund shares for 920 MQY shares, plus cash for any fractional shares.