Walter Oconnor - Jan 31, 2024 Form 4 Insider Report for BLACKROCK MUNIYIELD QUALITY FUND III, INC. (MYI)

Role: Portfolio Manager
Signature: /s/ Gladys Chang as Attorney-in-Fact
Stock symbol: MYI
Transactions as of: Jan 31, 2024
Transactions value $: -$1,605
Form type: 4
Date filed: 2/2/2024, 05:20 PM
Previous filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MYI	Common Stock	Options Exercise		+142	+142.3%		242	Jan 31, 2024	Direct	F1, F2
transaction	MYI	Common Stock	Disposed to Issuer	-$1.61K	-142	-58.73%	$11.28	100	Jan 31, 2024	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MYI	Phantom Shares	Options Exercise		-142	-33.33%		285	Jan 31, 2024	Common Stock	142		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F2	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.