New Germany Fund director buys shares around $11 in December

New Germany Fund Inc. reported insider buying by a director who is also a 10% owner affiliated with Saba Capital Management.

Rhea-AI Filing Summary

New Germany Fund Inc. reported insider buying by a director who is also a 10% owner affiliated with Saba Capital Management. The transactions involved purchases of common stock in early December 2025.

The filing shows a purchase of 24,412 shares of common stock on 12/04/2025 at $10.92 per share, followed by a purchase of 3,070 shares on 12/05/2025 at $11.04 per share. Following these trades, the reporting person indirectly beneficially owned 2,107,849 shares of New Germany Fund common stock.

Insider Trade Summary

Net Buyer: 27,482 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 27,482 shs ($300K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	3,070	$11.04	$34K
Purchase	Common Stock	24,412	$10.92	$267K

Holdings After Transaction: Common Stock — 2,107,849 shares (Indirect, -)

FAQ

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

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

The company reported that a director and 10% owner affiliated with Saba Capital Management bought New Germany Fund common stock in early December 2025.

How many New Germany Fund (GF) shares were purchased in this insider trade?

24,412 shares were purchased on 12/04/2025 and 3,070 shares were purchased on 12/05/2025, all as common stock.

At what prices were New Germany Fund (GF) shares bought?

The insider bought shares at $10.92 per share on 12/04/2025 and $11.04 per share on 12/05/2025.

What is the insider’s total beneficial ownership after these GF transactions?

After the reported trades, the insider indirectly beneficially owned 2,107,849 shares of New Germany Fund common stock.

What is the relationship of the reporting person to New Germany Fund (GF)?

The reporting person is listed as a director and 10% owner of New Germany Fund Inc.

Is the New Germany Fund (GF) insider ownership reported as direct or indirect?

The filing indicates the 2,107,849 shares are held through indirect beneficial ownership.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 12/08/2025 - 09:58 AM EST 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)
12/04/2025

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	12/04/2025		P		24,412	A	$10.92	2,104,779	I	-
Common Stock	12/05/2025		P		3,070	A	$11.04	2,107,849	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	12/08/2025
	Boaz Weinstein	12/08/2025
	** 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.