MYD (MYD) portfolio manager cash-settles phantom shares and sells 44.4 common shares

Rhea-AI Filing Summary

BlackRock MuniYield Fund, Inc. insider transaction: Portfolio manager Phillip Soccio settled 44.4045 phantom shares into 44.4045 shares of common stock on January 30, 2026. Phantom shares are cash-based awards that mirror common stock value and become payable in cash once vesting conditions are met.

On the same date, Soccio then disposed of 44.4045 common shares at a price of $10.69 per share, leaving him with no directly held common shares from this award after the transaction. The phantom share grant was originally made on January 31, 2023 and vests in three equal annual installments.

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

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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^*

Soccio Phillip

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

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

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		44.4045	A	(1)(2)	44.4045	D
Common Stock	01/30/2026		D		44.4045	D	$10.69(1)(2)	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)(2)	01/30/2026		M			44.4045	(1)(2)	(1)(2)	Common Stock	44.4045	(1)(2)	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 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.

	/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.

FAQ

What insider activity did MYD report for portfolio manager Phillip Soccio?

MYD reported that portfolio manager Phillip Soccio converted 44.4045 phantom shares into 44.4045 common shares on January 30, 2026, then sold 44.4045 common shares at $10.69 per share, ending with zero common shares from this award.

What are phantom shares in the MYD Form 4 for Phillip Soccio?

In this MYD filing, phantom shares are awards economically equivalent to one common share each. They track the common stock’s value and, after meeting vesting requirements, become payable in cash instead of delivering actual fund shares to the portfolio manager.

When were the phantom shares granted to MYD portfolio manager Phillip Soccio?

The phantom shares for MYD portfolio manager Phillip Soccio were granted on January 31, 2023. According to the disclosure, they are payable in cash upon vesting, which occurs in three equal installments on each of the first three anniversaries of the grant date.

How many MYD common shares did Phillip Soccio sell and at what price?

Portfolio manager Phillip Soccio sold 44.4045 shares of MYD common stock on January 30, 2026. The reported sale price was $10.69 per share, and after this transaction his directly held common shares from this award were reduced to zero.

Does the MYD Form 4 show any derivative securities remaining after the transaction?

The MYD Form 4 shows that after the January 30, 2026 transaction, zero phantom shares remained beneficially owned. The filing reports 0.0000 derivative securities following the conversion and related common stock transaction by portfolio manager Phillip Soccio.

How do the MYD phantom share awards for Phillip Soccio vest over time?

The MYD phantom share award to Phillip Soccio vests in three equal installments. Vesting occurs on each of the first three anniversaries of the January 31, 2023 grant date, after which the vested phantom shares become payable in cash rather than stock.