NEW GERMANY FUND INC director buys 14,355 shares at $11.28

NEW GERMANY FUND INC reported a director’s purchase of common stock.

Rhea-AI Filing Summary

NEW GERMANY FUND INC reported a director’s purchase of common stock. On 12/15/2025, the reporting person bought 14,355 shares of common stock at a price of $11.28 per share, coded as a purchase (“P”). After this transaction, the reporting person beneficially owned 2,136,472 shares, held as indirect ownership.

Insider Trade Summary

Net Buyer: 14,355 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 14,355 shs ($162K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	14,355	$11.28	$162K

Holdings After Transaction: Common Stock — 2,136,472 shares (Indirect, -)

FAQ

What stock transaction did NEW GERMANY FUND INC (GF) report in this Form 4?

The filing reports that a director purchased 14,355 shares of NEW GERMANY FUND INC common stock on 12/15/2025, recorded as a purchase with transaction code “P”.

At what price were the NEW GERMANY FUND INC (GF) shares purchased?

The common stock was purchased at a price of $11.28 per share on 12/15/2025.

How many NEW GERMANY FUND INC (GF) shares does the reporting person own after the transaction?

Following the reported purchase, the reporting person beneficially owned 2,136,472 shares of NEW GERMANY FUND INC common stock as indirect ownership.

What is the relationship of the reporting person to NEW GERMANY FUND INC (GF)?

The reporting person is identified as a Director of NEW GERMANY FUND INC.

Was the reported ownership of NEW GERMANY FUND INC (GF) direct or indirect?

The Form 4 indicates that the 2,136,472 shares beneficially owned after the transaction are held as indirect (I) ownership.

When was the earliest transaction date reported for NEW GERMANY FUND INC (GF)?

The earliest transaction date shown is 12/15/2025, which matches the date of the reported common stock purchase.

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Accepted by SEC EDGAR 12/16/2025 - 12:21 PM Learn about SEC filing dates

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
NEW GERMANY FUND INC [ GF ]

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)
12/15/2025

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	12/15/2025		P		14,355	A	$11.28	2,136,472	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:

	Saba Capital Management, L.P. By: Zachary Gindes	12/16/2025
	Boaz Weinstein	12/16/2025
	** 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.