JPMORGAN CHASE & CO 4

What Happened JPMorgan Chase & Co., reported as a 10% owner via its subsidiary DNT Asset Trust, sold 1,464 variable rate demand preferred (VRDP) shares of BlackRock MuniYield Quality Fund, Inc. (MQY) in an open-market transaction on February 23, 2026. The filing states the shares were sold for $100,000 per share, generating proceeds of $146,400,000. The shares were beneficially owned by DNT Asset Trust; JPMorgan’s interest is indirect.

Key Details

• Transaction date and price: February 23, 2026 — 1,464 shares sold at $100,000 per share (open market).
• Total value: $146,400,000.
• Shares owned after transaction: not specified in the filing.
• Filing date: March 2, 2026 — about 7 days after the transaction (later than the typical 2-business-day Form 4 deadline).
• Notable footnotes: F1 confirms the sold shares were VRDPs held by DNT Asset Trust and sold at $100,000 each; F2 notes this is a joint filing by JPMorgan Chase & Co. and DNT Trust; F3 is standard boilerplate denying group/partnership status.
• Exhibits: Joint Filing Agreement and Joint Filer Information (Exhibits 99.1 & 99.2).

Context This report documents an institutional disposition by a 10% owner (via a trust), not trading by a company executive. Large institutional sales like this reflect a transfer of sizable preferred-share holdings but do not, by themselves, indicate management sentiment about MQY’s underlying business. The late filing may trigger attention from regulators or require an explanatory amendment, but the transaction itself was an open-market sale of preferred shares.