New Germany Fund (GF): Saba Capital ups stake with 4,758-share buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of NEW GERMANY FUND INC, reported purchasing 4,758 shares of common stock on 2026-08-11 in an open-market or private transaction at $11.59 per share. Following this indirect purchase, Saba Capital’s reported holdings increased to 3,677,879 shares of common stock.

Insider Trade Summary

Net Buyer: 4,758 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 4,758 shs ($55K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,758	$11.59	$55K

Holdings After Transaction: Common Stock — 3,677,879 shares (Indirect, -)

Key Figures

Shares purchased: 4,758 shares Purchase price: $11.59 per share Shares held after transaction: 3,677,879 shares +1 more

4 metrics

Shares purchased 4,758 shares Common stock transaction on 2026-08-11

Purchase price $11.59 per share Common stock transaction code P

Shares held after transaction 3,677,879 shares Indirect holdings following 2026-08-11 purchase

Net buy shares 4,758 shares Net buying reported in transaction summary

Key Terms

ten percent owner, indirect ownership, transaction code "P", Rule 10b5-1

4 terms

ten percent owner regulatory

"is_ten_percent_owner": 1"

indirect ownership regulatory

""ownership_type": "indirect""

transaction code "P" regulatory

""transaction_code": "P""

Rule 10b5-1 regulatory

""aff_10b5_one": false"

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.

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management reported a purchase of 4,758 shares of NEW GERMANY FUND INC common stock on 2026-08-11 at $11.59 per share, increasing its indirect holdings to 3,677,879 shares.

Is Saba Capital considered a major shareholder of GF?

Yes. Saba Capital Management is identified as a ten percent owner of NEW GERMANY FUND INC, indicating it holds at least 10% of the company’s outstanding common stock based on this ownership filing.

How many GF shares does Saba Capital hold after this transaction?

After the reported trade, Saba Capital’s indirect position in NEW GERMANY FUND INC totals 3,677,879 shares of common stock, as disclosed in the post-transaction holdings field of the Form 4.

Was the GF insider transaction a buy or a sell?

The transaction was a buy. The Form 4 uses transaction code “P” and an acquired/disposed code of “A”, indicating a purchase of 4,758 common shares at $11.59 per share.

Does the GF Form 4 indicate a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 affirmation box is marked false, meaning the reported purchase of 4,758 NEW GERMANY FUND INC shares was not affirmed as executed under a 10b5-1 trading plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 12:51 PM Accepted by SEC EDGAR 08/13/2026 - 12:51 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)
08/11/2026

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	08/11/2026		P		4,758	A	$11.59	3,677,879	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	08/13/2026
	Boaz Weinstein	08/13/2026
	** 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)