New Germany Fund: Saba sells 930 shares at $10.96

A 10% shareholder of NEW GERMANY FUND INC reported a small open-market sale of 930 shares and now holds about 3.7 million shares indirectly.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, sold common stock in an open-market or private transaction. On September 21, 2026, an entity associated with Saba Capital sold 930 shares at $10.96 per share, and held 3,706,137 shares indirectly afterward. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 930 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 930 shs ($10K)

Type	Security	Shares	Price	Value
Sale	Common Stock	930	$10.96	$10K

Holdings After Transaction: Common Stock — 3,706,137 shares (Indirect, -)

Key Figures

Shares sold: 930 shares Sale price per share: $10.96 per share Shares held after transaction: 3,706,137 shares +1 more

4 metrics

Shares sold 930 shares Common stock sold on September 21, 2026

Sale price per share $10.96 per share Price for the 930 common shares sold on September 21, 2026

Shares held after transaction 3,706,137 shares Indirect common stock holdings of Saba Capital after the sale

Net shares sold 930 shares Net selling activity in this Form 4

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1 trading plan

3 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner"

indirect ownership financial

"The 3,706,137 shares are reported as held through indirect ownership"

Rule 10b5-1 trading plan regulatory

"The Rule 10b5-1 checkbox is not affirmed in connection with this sale"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NEW GERMANY FUND INC (GF) disclose?

The company disclosed that Saba Capital Management, L.P., a ten percent owner, sold 930 shares of common stock on September 21, 2026 in an open-market or private transaction.

At what price were the GF shares sold in this Form 4 filing?

The filing reports that the 930 GF shares were sold at a price of $10.96 per share on September 21, 2026, characterized as a sale in an open-market or private transaction.

How many NEW GERMANY FUND INC (GF) shares does Saba Capital hold after the sale?

After the reported sale, Saba Capital Management, L.P. is shown as indirectly holding 3,706,137 shares of NEW GERMANY FUND INC common stock.

Is Saba Capital a ten percent owner of NEW GERMANY FUND INC (GF)?

Yes. In the Form 4, Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC.

Was the GF insider sale made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, so the reported sale was not designated as being made under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 03:46 PM Accepted by SEC EDGAR 09/22/2026 - 03:45 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 NEW YORK 10174

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

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	09/21/2026		S		930	D	$10.96	3,706,137	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	09/22/2026
	Boaz Weinstein	09/22/2026
	** 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)