[Form 4] Brookline Bancorp Inc Insider Trading Activity

Rhea-AI Filing Summary

Saba Capital Management, L.P., Saba Capital Management GP, LLC and founder Boaz R. Weinstein jointly filed Amendment No. 8 to Schedule 13D on Eaton Vance California Municipal Income Trust (NYSE: CEV).

• The group now beneficially owns 462,963 common shares, all held with shared voting and dispositive power.
• The stake represents 6.58 % of CEV’s 7,033,575 shares outstanding as of 5/31/25, exceeding the 5 % threshold that triggers 13D reporting.
• Approx. US$5.0 million was paid to acquire the shares; purchases were made on the open market between 6/30/25 and 8/01/25.
• Funds originated from investor subscriptions, capital appreciation and ordinary-course margin borrowings; specific margin usage cannot be determined.
• No new purpose, contracts, or arrangements regarding the issuer’s securities were disclosed; Item 4 (Purpose of Transaction) and Item 6 (Contracts/Arrangements) are marked “Not Applicable.”
• All signatories certified the filing on 08/05/2025; Michael D’Angelo signed on behalf of each entity under existing powers of attorney.

This amendment updates Items 3, 5 and 7 only; criminal or civil proceedings, if any, remain unchanged (none reported).

Positive

• Saba Capital now holds 6.58 % of CEV, a level that may draw greater market attention and signals meaningful institutional involvement.
• US$5.0 million in open-market purchases provide incremental liquidity and price support during the acquisition window.

Negative

• None.

Insights

Securities Analyst

TL;DR: Saba reveals 6.58 % CEV stake—above 5 % threshold—open-market buys, no activist intent stated.

The filing is mechanically important because it crosses the 5 % ownership line, mandating a Schedule 13D rather than 13G. The reporting persons—Saba Capital, its GP and Boaz Weinstein—detail a collective 462,963-share position (US$5 MM cost). All voting and dispositive powers are shared, implying the shares sit in pooled client accounts. The amendment merely refreshes share totals and purchase dates; Items 4 and 6 confirm no strategic plans or arrangements, suggesting a passive or as-yet-undeclared stance. While the disclosure signals institutional interest, there is no explicit catalyst for CEV holders beyond knowledge of a new 6.58 % holder. From a portfolio-impact perspective, the information is noteworthy but not immediately value-moving.

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^*

Tsonos William C

(Last) (First) (Middle)

131 CLARENDON STREET

(Street)

BOSTON MA 02117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROOKLINE BANCORP INC [ BRKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Bank Rhode Island

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2025

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	08/02/2025		F		380(1)	D	$10.28	48,285	D
Common	08/02/2025		F		127	D	$10.28	48,158	D
Common	08/02/2025		F		872	D	$10.28	47,286	D
Common	08/02/2025		F		964	D	$10.28	46,322(2)	D
Common								1,191	I	By ESOP

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. Performance based restricted stock shares granted pursuant to the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan. The shares vest on the third anniversary of the date of grant based on certain performance based metrics.

2. Includes shares of restricted stock granted pursuant to the Brookline Bancorp, Inc. 2021 Stock Option and Incentive Plan.

Remarks:

	William C. Tsonos, by Marissa S. Martin, POA	08/05/2025
	** 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

How many CEV shares does Saba Capital own?

Saba Capital and affiliates report 462,963 common shares beneficially owned.

What percentage of CEV is controlled by Saba Capital?

Their holdings equal 6.58 % of the outstanding shares, based on 7,033,575 shares outstanding.

How much did Saba Capital spend to acquire its CEV stake?

The filing cites a total cost of approximately US$5,006,349 for the shares purchased.

When did the reportable event occur?

The event date triggering this Amendment No. 8 is 08/01/2025.

Does the filing state any activist or strategic plans?

No. Item 4 (Purpose of Transaction) is marked “Not Applicable,” indicating no disclosed plans.

Who are the reporting persons in this Schedule 13D/A?

Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein are the joint filers.