MUA portfolio manager logs phantom share, stock sale

BlackRock MuniAssets Fund, Inc. portfolio manager Kevin Maloney reported compensation-related phantom share and common stock transactions.

Rhea-AI Filing Summary

BlackRock MuniAssets Fund, Inc. portfolio manager Kevin Maloney reported compensation-related phantom share and common stock transactions. On January 30, 2026, he was granted 329.72 phantom shares at an economic value of $11.07 each, which are cash-settled and vest in three annual installments.

The same day, previously granted phantom shares were converted into 384.8665 shares of common stock, which were then sold at $11.07 per share, leaving 0 common shares directly owned and 329.72 phantom shares outstanding as deferred, cash-settled compensation.

Insider Trade Summary

384.8665 shares exercised/converted

Exercise 6 txns

Insider Maloney Kevin

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	329.72	$11.07	$4K
Exercise	Phantom Shares	108.3447	$0.00	$0.00
Exercise	Phantom Shares	79.7206	$0.00	$0.00
Exercise	Phantom Shares	196.8012	$0.00	$0.00
Exercise	Common Stock	384.8665	$0.00	$0.00
Disposition	Common Stock	384.8665	$11.07	$4K

Holdings After Transaction: Phantom Shares — 626.13 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (5)

1. F1. 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. F2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
3. F3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
4. F4. As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
5. F5. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

FAQ

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

What insider transactions did Kevin Maloney report for MUA?

Kevin Maloney reported multiple compensation-related moves on January 30, 2026. Previously granted phantom shares were converted into 384.8665 common shares and sold at $11.07 each, while he also received a new grant of 329.72 phantom shares as cash-settled deferred compensation.

What are phantom shares in the MUA Form 4 filing?

Phantom shares are awards that mirror one common share economically but pay out in cash, not stock. For MUA, they vest in equal installments over three years, giving Kevin Maloney cash-based exposure to the fund’s share value instead of direct ownership.

How many MUA phantom shares did Kevin Maloney receive?

On January 30, 2026, Kevin Maloney received 329.72 phantom shares tied to BlackRock MuniAssets Fund, at an economic reference price of $11.07. These phantom shares vest in three equal annual installments and are payable in cash rather than in actual fund shares.

Did Kevin Maloney sell any MUA common stock in this filing?

Yes. After converting phantom shares into common stock, Kevin Maloney sold 384.8665 MUA common shares at $11.07 per share on January 30, 2026. Following this sale, he directly owned zero common shares, with value instead held through remaining phantom share awards.

What is Kevin Maloney’s role at BlackRock MuniAssets Fund (MUA)?

In this filing, Kevin Maloney is identified as a portfolio manager of BlackRock MuniAssets Fund, Inc. He is not listed as a director or 10% owner, and the reported transactions reflect compensation and related conversions rather than changes in a large ownership stake.

How many MUA phantom shares remain after the reported transactions?

After the January 30, 2026 transactions, Kevin Maloney beneficially owned 329.72 phantom shares tied to MUA. These represent cash-settled, deferred compensation that vests over time, replacing direct share ownership with an economic interest payable in cash upon vesting.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/03/2026 - 04:55 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^*

Maloney Kevin

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIASSETS FUND, INC. [ MUA ]

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)
01/30/2026

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	01/30/2026		M		384.8665	A	(1)(2)(3)(4)	384.8665	D
Common Stock	01/30/2026		D		384.8665	D	$11.07(1)(2)(3)(4)	0	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
Phantom Shares	(1)(5)	01/30/2026		A		329.72		(1)(5)	(1)(5)	Common Stock	329.72	$11.07	329.72	D
Phantom Shares	(1)(2)	01/30/2026		M			108.3447	(1)(2)	(1)(2)	Common Stock	108.3447	(1)(2)	216.6894	D
Phantom Shares	(1)(3)	01/30/2026		M			79.7206	(1)(3)	(1)(3)	Common Stock	79.7206	(1)(3)	79.7206	D
Phantom Shares	(1)(4)	01/30/2026		M			196.8012	(1)(4)	(1)(4)	Common Stock	196.8012	(1)(4)	0.0000	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. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

4. As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

5. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

	/s/ Gladys Chang as Attorney-in-Fact	02/03/2026
	** 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).
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.