New Germany Fund insider buys 2,905 shares

NEW GERMANY FUND INC (GF) reports that Saba Capital Management, L.P., a ten percent owner, made two indirect open-market purchases of common stock.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) reports that Saba Capital Management, L.P., a ten percent owner, made two indirect open-market purchases of common stock. On September 2, 2026 it bought 2,000 shares at $11.48 per share, and on September 1, 2026 it bought 905 shares at $11.40 per share. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 2,905 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 2,905 shs ($33K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,000	$11.48	$23K
Purchase	Common Stock	905	$11.40	$10K

Holdings After Transaction: Common Stock — 3,681,084 shares (Indirect, -)

Key Figures

Shares purchased September 2, 2026: 2,000 shares Price per share September 2, 2026: $11.48 per share Shares purchased September 1, 2026: 905 shares +2 more

5 metrics

Shares purchased September 2, 2026 2,000 shares Indirect open-market purchase of NEW GERMANY FUND INC common stock

Price per share September 2, 2026 $11.48 per share Price paid for 2,000 GF shares in indirect purchase

Shares purchased September 1, 2026 905 shares Indirect open-market purchase of NEW GERMANY FUND INC common stock

Price per share September 1, 2026 $11.40 per share Price paid for 905 GF shares in indirect purchase

Total shares purchased 2,905 shares Sum of reported indirect purchases of GF common stock

Key Terms

indirect ownership, ten percent owner, open market or private transaction

3 terms

indirect ownership financial

"The ownership type for these shares is reported as indirect ownership."

ten percent owner financial

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

open market or private transaction financial

"Each purchase is described as an open market or private transaction."

FAQ

What insider transactions were reported for GF in this Form 4?

The filing reports that Saba Capital Management, L.P. made two indirect purchases of NEW GERMANY FUND INC common stock: 2,000 shares on September 2, 2026 and 905 shares on September 1, 2026, both as open-market or private transactions.

How many GF shares did Saba Capital Management buy in total?

Saba Capital Management, L.P. bought a total of 2,905 shares of NEW GERMANY FUND INC common stock, consisting of 2,000 shares on September 2, 2026 and 905 shares on September 1, 2026.

What prices were paid for the GF shares in these insider purchases?

On September 2, 2026 Saba Capital Management, L.P. purchased 2,000 GF shares at $11.48 per share, and on September 1, 2026 it purchased 905 GF shares at $11.40 per share, in open-market or private transactions.

Are the reported GF holdings direct or indirect for Saba Capital Management?

The Form 4 states that the NEW GERMANY FUND INC common stock purchases are held through indirect ownership, with the ownership code reported as indirect and the nature of ownership shown as “-”.

Were the GF insider trades under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the NEW GERMANY FUND INC share purchases were made pursuant to a Rule 10b5-1 trading plan.

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Available on EDGAR 09/03/2026 - 10:49 AM Accepted by SEC EDGAR 09/03/2026 - 10:48 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^*

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)
09/01/2026

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	09/01/2026		P		905	A	$11.4	3,679,084	I	-
Common Stock	09/02/2026		P		2,000	A	$11.48	3,681,084	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	09/03/2026
	Boaz Weinstein	09/03/2026
	** 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)