MYD portfolio manager sells 476 shares at $10.69

BlackRock MuniYield Fund, Inc. portfolio manager Kevin Maloney reported derivative awards settling into common stock and an immediate sale of those shares.

Rhea-AI Filing Summary

BlackRock MuniYield Fund, Inc. portfolio manager Kevin Maloney reported derivative awards settling into common stock and an immediate sale of those shares. On January 30, 2026, phantom share units economically equivalent to common stock were converted into 476.5837 shares of common stock, then those 476.5837 common shares were sold at $10.69 per share, leaving no directly held common stock.

The activity reflects vesting and cash settlement of previously granted phantom shares from awards granted in 2023, 2024, and 2025, which pay out in equal installments over three years and are payable in cash rather than stock.

Insider Trade Summary

476.5837 shares exercised/converted

Exercise 5 txns

Insider Maloney Kevin

Role Insider

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	112.1938	$0.00	$0.00
Exercise	Phantom Shares	325.2098	$0.00	$0.00
Exercise	Phantom Shares	39.1801	$0.00	$0.00
Exercise	Common Stock	476.5837	$0.00	$0.00
Disposition	Common Stock	476.5837	$10.69	$5K

Holdings After Transaction: Phantom Shares — 549.5973 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (4)

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.

FAQ

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

What insider transaction did Kevin Maloney report at BlackRock MuniYield Fund (MYD)?

Kevin Maloney reported conversion of phantom shares into 476.5837 MYD common shares on January 30, 2026, followed by the sale of all 476.5837 shares at $10.69 each, resulting in no directly held common stock after the reported transactions.

What are phantom shares in the Kevin Maloney MYD Form 4 filing?

Phantom shares are units economically equivalent to one MYD common share but payable in cash. They vest over time, and when vesting occurs, the holder receives a cash payment linked to the share value rather than receiving actual MYD stock.

How many MYD common shares did Kevin Maloney sell and at what price?

Kevin Maloney sold 476.5837 MYD common shares at a price of $10.69 per share. These shares came from the same-day settlement of phantom share awards into common stock before being fully sold in the reported transaction.

Did Kevin Maloney hold any MYD common stock after the January 30, 2026 transactions?

After converting phantom shares and selling 476.5837 MYD common shares on January 30, 2026, Kevin Maloney reported beneficial ownership of zero common shares. Remaining economic exposure, if any, is through phantom share units that are payable in cash upon vesting.

Which phantom share grants are referenced in Kevin Maloney’s MYD Form 4?

The Form 4 references phantom share grants dated January 31, 2023, January 31, 2024, and January 31, 2025. Each grant vests in equal installments on the first three anniversaries of the grant date and is payable in cash when the vesting conditions are met.

Is Kevin Maloney a director or officer of BlackRock MuniYield Fund (MYD)?

Kevin Maloney is identified in the filing as a portfolio manager of BlackRock MuniYield Fund, Inc., not as a director, officer, or 10% owner. The Form 4 is filed as a single reporting person reflecting his portfolio management role.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/03/2026 - 05:05 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 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		476.5837	A	(1)(2)(3)(4)	476.5837	D
Common Stock	01/30/2026		D		476.5837	D	$10.69(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)(2)	01/30/2026		M			112.1938	(1)(2)	(1)(2)	Common Stock	112.1938	(1)(2)	224.3875	D
Phantom Shares	(1)(3)	01/30/2026		M			325.2098	(1)(3)	(1)(3)	Common Stock	325.2098	(1)(3)	325.2098	D
Phantom Shares	(1)(4)	01/30/2026		M			39.1801	(1)(4)	(1)(4)	Common Stock	39.1801	(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.

	/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).
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