BlackRock MuniYield Quality (NYSE: MYI) director gets shares via fund reorg

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND III, INC. director Michael Kalinoski reported an "other" Form 4 transaction tied to fund reorganizations, not an open-market trade. On February 23, 2026, two BlackRock municipal funds were reorganized into this fund.

In one reorganization, he received 1 common share of the Acquiring Fund in exchange for 2.2247 common shares of BlackRock MuniVest Fund, Inc. In a separate reorganization, he received 3,085 common shares in exchange for 3,141.7166 common shares of BlackRock MuniVest Fund II, Inc. Both exchanges were based on each fund’s reported net asset value and stated conversion ratios, resulting in direct ownership of 3,114.5804 common shares after the transactions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KALINOSKI MICHAEL

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	1	$0.00	--
Other	Common Stock	3,085	$0.00	--

Holdings After Transaction: Common Stock — 29.58 shares (Direct)

Footnotes (1)

1. Effective as of February 23, 2026, BlackRock MuniVest Fund, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund III, 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 $7.5919 and the Acquiring Fund reported a NAV per share of $12.0089. The conversion ratio for the Target Fund's common shares was 0.63218946. In the reorganization, Michael Kalinoski received 1 common share (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 2.2247 common shares of the Target Fund. Effective as of February 23, 2026 BlackRock MuniVest Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund III, 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 $11.7926 and the Acquiring Fund reported a NAV per share of $12.0089. The conversion ratio for the Target Fund's common shares was 0.98198836. In the reorganization, Michael Kalinoski received 3085 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 3141.7166 common shares of the Target Fund.

Form 4 Insider Transactions: What Each Field Means →

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 QUALITY FUND III, INC. [ MYI ]

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	A	(1)	29.5804	D
Common Stock	02/23/2026		J(2)		3,085	A	(2)	3,114.5804	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 MuniVest Fund, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund III, 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 $7.5919 and the Acquiring Fund reported a NAV per share of $12.0089. The conversion ratio for the Target Fund's common shares was 0.63218946. In the reorganization, Michael Kalinoski received 1 common share (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 2.2247 common shares of the Target Fund.

2. Effective as of February 23, 2026 BlackRock MuniVest Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund III, 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 $11.7926 and the Acquiring Fund reported a NAV per share of $12.0089. The conversion ratio for the Target Fund's common shares was 0.98198836. In the reorganization, Michael Kalinoski received 3085 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 3141.7166 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).
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 transaction did MYI director Michael Kalinoski report?

Michael Kalinoski reported an "other" Form 4 transaction reflecting fund reorganizations, not an open-market trade. He received new MYI common shares in exchange for shares of two BlackRock municipal funds that were reorganized into BlackRock MuniYield Quality Fund III, Inc.

How many MYI shares did Kalinoski receive in the fund reorganizations?

Kalinoski received 1 MYI common share for his 2.2247 shares of BlackRock MuniVest Fund, Inc. and 3,085 MYI common shares for his 3,141.7166 shares of BlackRock MuniVest Fund II, Inc. These exchanges followed stated net asset values and conversion ratios.

What was Kalinoski’s MYI share ownership after the reported transactions?

After the reorganizations, Kalinoski directly owned 3,114.5804 MYI common shares. This total reflects receipt of new MYI shares issued in exchange for his holdings in the two Target Funds, as detailed in the Form 4 and its accompanying footnotes.

Were prices paid in Kalinoski’s MYI Form 4 transactions?

The Form 4 lists a transaction price per share of 0.0000, indicating no cash purchase or sale. Instead, Kalinoski’s new MYI shares were received through share-for-share exchanges as part of BlackRock municipal fund reorganizations completed on February 23, 2026.

What conversion ratios governed the MYI fund reorganizations affecting Kalinoski?

The reorganization from BlackRock MuniVest Fund, Inc. used a 0.63218946 conversion ratio. The reorganization from BlackRock MuniVest Fund II, Inc. used a 0.98198836 conversion ratio. In both cases, MYI shares were issued based on each fund’s reported net asset value per share.

How were NAVs used to determine MYI shares issued in these reorganizations?

Common shareholders received MYI shares equal in value to the aggregate net asset value of Target Fund shares surrendered, less reorganization costs. NAVs as of February 20, 2026 for each Target Fund and for MYI were used, along with the stated conversion ratios.