BNY Mellon Strategic Muni Bond Fund (NYSE: DSM) 10% owner updates stake

Rhea-AI Filing Summary

BNY Mellon Strategic Municipal Bond Fund, Inc. reported insider activity by a 10% owner. On 11/28/2025, the reporting person indirectly bought 27,875 shares of common stock at $5.90 per share, bringing indirect beneficial ownership to 5,180,466 shares immediately after that trade.

On the same day, the holder disposed of 1,025 shares at a stated price of $0 under transaction code J, described as a pro-rata in-kind distribution for no consideration, resulting in 5,179,441 common shares indirectly owned after the distribution.

Insider Trade Summary

Net Buyer: 27,875 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 27,875 shs ($164K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	27,875	$5.90	$164K
Other	Common Stock	1,025	$0.00	$0.00

Holdings After Transaction: Common Stock — 5,179,441 shares (Indirect, -)

Footnotes (1)

1. F1. Pro-rata distribution in-kind for no consideration.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/02/2025 - 10:56 AM Learn about SEC filing dates

FAQ

What insider transaction did DSM report for 11/28/2025?

The reporting person indirectly bought 27,875 DSM common shares at $5.90 per share and later the same day disposed of 1,025 shares via a pro-rata in-kind distribution.

Who is the reporting person in the DSM Form 4 filing?

The filing lists Saba Capital Management, L.P., signed by Zachary Gindes, and Boaz Weinstein as the reporting persons, identified as a 10% owner of BNY Mellon Strategic Municipal Bond Fund, Inc.

How many DSM shares does the insider own after the reported transactions?

Following the transactions on 11/28/2025, the reporting person indirectly beneficially owns 5,179,441 shares of DSM common stock.

What does the zero-dollar DSM share disposition represent in this filing?

The 1,025 DSM shares reported at a price of $0 are explained as a pro-rata distribution in-kind for no consideration, coded as transaction type J.

Is the DSM insider ownership classified as direct or indirect?

The Form 4 classifies the insider’s DSM holdings as indirect beneficial ownership, not directly held in the individual’s own name.

What security is covered in this DSM insider transaction report?

The filing covers common stock of BNY Mellon Strategic Municipal Bond Fund, Inc., which trades under the symbol DSM.

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^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC. [ DSM ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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 Stock	11/28/2025		P		27,875	A	$5.9	5,180,466	I	-
Common Stock	11/28/2025		J(1)		1,025	D	$0	5,179,441	I	-

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. Pro-rata distribution in-kind for no consideration.

	Saba Capital Management, L.P. By: Zachary Gindes	12/02/2025
	Boaz Weinstein	12/02/2025
	** 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.