MYD director reports share exchange in fund merger

BLACKROCK MUNIYIELD FUND, INC. director Michael Kalinoski reported an internal fund reorganization rather than an open-market trade.

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD FUND, INC. director Michael Kalinoski reported an internal fund reorganization rather than an open-market trade. Effective February 23, 2026, BlackRock MuniYield Fund, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc.

In the reorganization, he exchanged 1,000 common shares of the Target Fund for 920 common shares of the Acquiring Fund (plus cash for any fractional shares). The exchange was based on a Target Fund net asset value of $11.5454 per share, an Acquiring Fund net asset value of $12.5453 per share as of February 20, 2026, and a conversion ratio of 0.92029684. After the transaction, his reported holdings in the original MYD fund were zero.

Insider Trade Summary

Other: 1,000 shares

Other 1 txn

Insider KALINOSKI MICHAEL

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	1,000	$11.5454	$12K

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. 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, 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.

FAQ

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

What insider transaction did MYD director Michael Kalinoski report?

Michael Kalinoski reported an internal fund reorganization transaction, not a market trade. He exchanged 1,000 common shares of BlackRock MuniYield Fund, Inc. for 920 common shares of BlackRock MuniYield Quality Fund, Inc. as part of a planned reorganization.

How many MYD shares were involved in Michael Kalinoski’s Form 4 filing?

The filing shows 1,000 common shares of BlackRock MuniYield Fund, Inc. were exchanged. These shares were converted into 920 common shares of BlackRock MuniYield Quality Fund, Inc. based on each fund’s net asset value and a stated conversion ratio.

What was the conversion ratio in the MYD fund reorganization?

The conversion ratio for BlackRock MuniYield Fund, Inc. common shares was 0.92029684. This ratio determined how many BlackRock MuniYield Quality Fund, Inc. shares common shareholders received for each MYD share in the reorganization transaction.

What net asset values were used in the MYD reorganization exchange?

As of February 20, 2026, the Target Fund reported a net asset value per share of $11.5454, while the Acquiring Fund reported $12.5453 per share. These NAVs were used to calculate the exchange terms and conversion ratio.

Did Michael Kalinoski keep any MYD shares after the reorganization?

After the reorganization, his reported holdings of BlackRock MuniYield Fund, Inc. common stock were zero. His MYD shares were fully exchanged for 920 common shares of BlackRock MuniYield Quality Fund, Inc., plus cash for any fractional shares, according to the footnote.

Was the MYD Form 4 transaction a buy or sell in the market?

The transaction was classified as an “Other acquisition or disposition,” not a market buy or sell. It reflects a structural exchange of shares during the fund’s reorganization into BlackRock MuniYield Quality Fund, Inc. rather than a discretionary trading decision.

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

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Accepted by SEC EDGAR 02/25/2026 - 07:36 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^*

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 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)		1,000	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, 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.
* 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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