BlackRock MuniYield (MYD) director’s shares converted in fund reorganization

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD FUND, INC. director Christian Romaglino reported an "other" share transaction tied to a fund reorganization. Effective February 23, 2026, BlackRock MuniYield Fund, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc. Romaglino’s 418.8136 common shares of the Target Fund, valued at a NAV of $11.5454 per share as of February 20, 2026, were exchanged at a 0.92029684 conversion ratio. He received 385 common shares of the Acquiring Fund (plus cash for any fractional shares), and his reported holdings of the Target Fund fell to zero after the transaction.

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^*

Romaglino Christian

(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)

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)		418.8136	D	$11.5454	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

Explanation of Responses:

1. Effective as of February 23, 2026 BlackRock MuniYield Fund, 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 $11.5454 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, Christian Romaglino received 385 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 418.8136 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 insider transaction did MYD director Christian Romaglino report?

Christian Romaglino reported an "other" transaction reflecting a fund reorganization, not a typical market trade. His BlackRock MuniYield Fund, Inc. common shares were exchanged for shares of BlackRock MuniYield Quality Fund, Inc., and his reported holdings in the original fund dropped to zero.

How many MYD shares were exchanged in the BlackRock MuniYield reorganization?

Romaglino exchanged 418.8136 common shares of BlackRock MuniYield Fund, Inc. in the reorganization. Those shares were converted into 385 common shares of BlackRock MuniYield Quality Fund, Inc., with cash paid for any fractional shares created by the conversion ratio.

What conversion ratio applied in the MYD to BlackRock MuniYield Quality Fund exchange?

The conversion ratio for the Target Fund’s common shares was 0.92029684. Each share of BlackRock MuniYield Fund, Inc. was exchanged for 0.92029684 shares of BlackRock MuniYield Quality Fund, Inc., based on their respective net asset values before the reorganization.

What were the NAVs used to calculate the MYD reorganization exchange?

As of February 20, 2026, the Target Fund reported a net asset value of $11.5454 per share, while the Acquiring Fund reported a net asset value of $12.5453 per share. These NAVs determined the conversion ratio used in the share-for-share exchange.

What does transaction code J mean in this MYD Form 4 filing?

Transaction code J indicates an "other acquisition or disposition" of securities. In this case, it reflects the automatic exchange of BlackRock MuniYield Fund, Inc. shares for BlackRock MuniYield Quality Fund, Inc. shares as part of a planned fund reorganization, rather than an open-market trade.

How many shares does Christian Romaglino hold in MYD after the reorganization?

Following the reorganization, Romaglino’s reported holdings of BlackRock MuniYield Fund, Inc. common stock fell to zero. He instead received 385 common shares of BlackRock MuniYield Quality Fund, Inc., along with cash for any fractional share amounts created by the conversion ratio.