Director at New Germany Fund (NYSE: GF) records small share restructuring move

Rhea-AI Filing Summary

New Germany Fund director Wolfgang Helmut Leoni reported an “other” transaction in common stock using transaction code J. The filing shows a change involving 16.76 shares at $11.48 per share. After this restructuring-related adjustment, Leoni directly holds 1,265.961 shares of the fund’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leoni Wolfgang Helmut

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	16.76	$11.48	$192.40

Holdings After Transaction: Common Stock — 1,265.961 shares (Direct, null)

Footnotes (1)

Key Figures

Other transaction shares: 16.76 shares Transaction price: $11.48 per share Post-transaction holdings: 1,265.961 shares +1 more

4 metrics

Other transaction shares 16.76 shares Common Stock, transaction code J on June 29, 2026

Transaction price $11.48 per share Price per share for the 16.76-share transaction

Post-transaction holdings 1,265.961 shares Total common shares directly owned after the transaction

Restructuring shares 16.76 shares Classified as restructuring-related in transactionSummary

Key Terms

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

4 terms

transaction code J financial

"transaction_code_description: "Other acquisition or disposition" for code J"

Other acquisition or disposition financial

"transaction_code_description labeled as "Other acquisition or disposition""

restructuringShares financial

"transactionSummary shows restructuringShares of 16.76"

Form 4 regulatory

"INSIDER FILING DATA (Form 4) for NEW GERMANY FUND INC"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 11:38 AM Accepted by SEC EDGAR 06/30/2026 - 11:37 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^*

Leoni Wolfgang Helmut

(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		16.76	A	$11.48	1,265.961	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 acquired 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 in this Form 4?

The Form 4 shows director Wolfgang Helmut Leoni recorded an “other” transaction coded J in common stock. It involved 16.76 shares at $11.48 per share, categorized as an other acquisition or disposition rather than a clear buy or sell.

How many NEW GERMANY FUND (GF) shares were affected in this transaction?

The filing reports a restructuring-related adjustment involving 16.76 common shares. This is a relatively small change in position and is classified under transaction code J, which covers other acquisitions or dispositions rather than standard open-market trades.

What is Wolfgang Helmut Leoni’s NEW GERMANY FUND (GF) stake after the Form 4 transaction?

After the reported transaction, Leoni directly holds 1,265.961 shares of NEW GERMANY FUND common stock. This post-transaction balance reflects the impact of the 16.76-share adjustment recorded as an “other” transaction on June 29, 2026.

What does transaction code J mean in the NEW GERMANY FUND (GF) Form 4?

Transaction code J indicates an “other acquisition or disposition” rather than a straightforward market buy or sell. In this filing, the code is associated with a restructuring-type adjustment of 16.76 shares, categorized as an other transaction in common stock.

Was the NEW GERMANY FUND (GF) Form 4 transaction a buy or a sell?

The Form 4 classifies the event as an “other transaction” with transaction code J, not a clear buy or sell. Transaction flags show no buy or sell counts, while the transactionSummary treats it as restructuring-related activity involving a small share adjustment.