New Germany Fund (GF) director reports small restructuring share move

Rhea-AI Filing Summary

New Germany Fund Inc. director Fiona Flannery reported an “other” transaction in common stock under a Form 4. The filing shows a restructuring-type move coded J involving 11.82 shares at $11.48 per share. After this change, Flannery directly holds 893.0624 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Flannery Fiona

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	11.82	$11.48	$135.69

Holdings After Transaction: Common Stock — 893.062 shares (Direct, null)

Footnotes (1)

Key Figures

Shares in transaction: 11.82 shares Transaction price: $11.48 per share Shares after transaction: 893.0624 shares

3 metrics

Shares in transaction 11.82 shares Code J “other transaction” in common stock

Transaction price $11.48 per share Price applied to the 11.82 affected shares

Shares after transaction 893.0624 shares Directly held New Germany Fund common stock

Key Terms

Form 4, transaction code J, Other acquisition or disposition, restructuring

4 terms

Form 4 regulatory

"reported an “other” transaction in common stock under a Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code J regulatory

"a restructuring-type move coded J involving 11.82 shares"

Other acquisition or disposition financial

"categorized as an “other acquisition or disposition” under transaction code J"

restructuring financial

"The filing shows a restructuring-type move coded J"

Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 11:32 AM Accepted by SEC EDGAR 06/30/2026 - 11:32 AM 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^*

Flannery Fiona

(Last) (First) (Middle)

C/O MACI JOPLIN, DWS

5201 GATE PARKWAY

(Street)

JACKSONVILLE FLORIDA 32256

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEW GERMANY FUND INC [ GF ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/29/2026		J		11.82	A	$11.48	893.0624	D

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:

Remarks:

Shares aqcuired through dividend reinvestment.

	Maci Joplin, Attorney-in-fact	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did New Germany Fund (GF) report for Fiona Flannery?

Fiona Flannery reported an “other” transaction in New Germany Fund common stock. The Form 4 shows a code J restructuring-type change involving 11.82 shares at $11.48 per share, affecting her directly held position.

How many New Germany Fund (GF) shares were affected in Fiona Flannery’s Form 4?

The Form 4 records an 11.82-share change in New Germany Fund common stock. This small adjustment is categorized as an “other acquisition or disposition” under transaction code J, rather than a standard open-market buy or sell.

At what price did the New Germany Fund (GF) Form 4 transaction occur?

The reported transaction used a price of $11.48 per share for New Germany Fund common stock. This price applies to the 11.82 shares involved in the restructuring-type event classified under transaction code J on the Form 4.

How many New Germany Fund (GF) shares does Fiona Flannery hold after the Form 4 transaction?

Following the reported transaction, Fiona Flannery directly holds 893.0624 shares of New Germany Fund common stock. This figure reflects her position after the 11.82-share restructuring-type adjustment disclosed in the Form 4 filing.

What does transaction code J mean in the New Germany Fund (GF) Form 4?

Transaction code J on the Form 4 indicates an “other acquisition or disposition.” In this case, the filing classifies the 11.82-share change as an “other transaction,” characterized as restructuring rather than a standard open-market purchase or sale.