New Germany Fund (GF) holder Saba Capital adds 500 common shares
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc, reported purchasing 500 shares of common stock on July 17, 2026 at 11.2300 per share. After this open-market transaction, it indirectly holds 3647002 shares. The Rule 10b5-1 checkbox was not selected.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
500 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 500 | $11.23 | $6K |
Holdings After Transaction:
Common Stock — 3,647,002 shares (Indirect, -)
Key Figures
Shares purchased: 500 shares
Purchase price: 11.2300 per share
Post-transaction holdings: 3647002 shares
+2 more
5 metrics
Shares purchased
500 shares
Common stock bought on 2026-07-17
Purchase price
11.2300 per share
Price for the 2026-07-17 common stock purchase
Post-transaction holdings
3647002 shares
Indirect ownership after the reported purchase
Reported buy transactions
1
Number of buy transactions in this Form 4
Net shares bought
500 shares
Net buy volume across all reported transactions
Key Terms
ten percent owner, indirect ownership, Rule 10b5-1, Form 4
4 terms
ten percent owner regulatory
"is_ten_percent_owner"
indirect ownership financial
"ownership_type":"indirect"
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox was not selected"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Form 4 regulatory
"Number of buy transactions in this 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did NEW GERMANY FUND INC (GF) report?
New Germany Fund Inc reported that Saba Capital Management, L.P. purchased 500 shares of common stock on July 17, 2026, in an open-market or private transaction.
Is Saba Capital a ten percent owner of NEW GERMANY FUND INC (GF)?
Yes. The reporting information identifies Saba Capital Management, L.P. as a ten percent owner of New Germany Fund Inc, triggering Form 4 reporting requirements for its share transactions.
Was the NEW GERMANY FUND INC (GF) insider trade under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked false, indicating the reported 500-share purchase was not affirmed as executed under a Rule 10b5-1 trading plan.
Is Saba Capital’s ownership in NEW GERMANY FUND INC (GF) direct or indirect?
The 3647002 New Germany Fund Inc shares are reported as indirectly owned by Saba Capital Management, L.P., with the ownership type coded as indirect on the Form 4.