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  4. [Form 4] NEW GERMANY FUND INC Insider Trading Activity

Saba Capital (GF) adds 14,995 NEW GERMANY FUND shares in open-market buys

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported two open-market purchases of the fund’s common stock. It bought 7,758 shares at $11.75 per share on May 13, 2026 and 7,237 shares at $11.76 per share on May 12, 2026. After these indirect purchases, Saba Capital Management held a reported total of 3,088,400 common shares.

Positive

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Negative

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Insider Saba Capital Management, L.P.
Role null
Bought 14,995 shs ($176K)
Type Security Shares Price Value
Purchase Common Stock 7,758 $11.75 $91K
Purchase Common Stock 7,237 $11.76 $85K
Holdings After Transaction: Common Stock — 3,088,400 shares (Indirect, -)
Footnotes (1)
Total shares purchased 14,995 shares Aggregate open-market buys on May 12–13, 2026
May 13, 2026 purchase size 7,758 shares Common Stock bought in open market
May 13, 2026 purchase price $11.75 per share Open-market purchase price for Common Stock
May 12, 2026 purchase size 7,237 shares Common Stock bought in open market
May 12, 2026 purchase price $11.76 per share Open-market purchase price for Common Stock
Shares held after transactions 3,088,400 shares Indirect holdings following reported purchases
open-market purchase financial
"transaction_action: open-market purchase of Common Stock on May 12 and May 13, 2026"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner financial
"Saba Capital Management, L.P. is identified as a ten percent owner"
indirect ownership financial
"Both transactions list ownership_type as indirect with code I"
Common Stock financial
"Each transaction involves Common Stock of NEW GERMANY FUND INC"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/12/2026P7,237A$11.763,080,642I-
Common Stock05/13/2026P7,758A$11.753,088,400I-
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes05/14/2026
Boaz Weinstein05/14/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Saba Capital report for GF on this Form 4?

Saba Capital Management, L.P. reported buying common shares of NEW GERMANY FUND INC. It executed two open-market purchases totaling 14,995 shares of GF common stock on May 12 and May 13, 2026, at prices slightly below $12 per share.

How many NEW GERMANY FUND (GF) shares did Saba Capital purchase?

Saba Capital purchased 14,995 GF common shares in total. The transactions included 7,758 shares bought at $11.75 per share and 7,237 shares bought at $11.76 per share, all reported as indirect open-market purchases.

What is Saba Capital’s ownership in NEW GERMANY FUND after these trades?

After these purchases, Saba Capital reported holding 3,088,400 GF common shares. This total reflects indirect ownership following the two open-market transactions disclosed on May 12 and May 13, 2026, according to the Form 4 data.

Were Saba Capital’s NEW GERMANY FUND (GF) transactions buys or sells?

All reported transactions were open-market purchases of GF common stock. The Form 4 shows two non-derivative transactions with code “P,” both classified as buy directions, and no reported sales or derivative exercises in this filing.

How were Saba Capital’s GF holdings characterized on this Form 4?

The filing characterizes Saba Capital’s GF holdings as indirect ownership. Both transactions are marked with ownership code “I” for indirect, and the firm is identified as a ten percent owner of NEW GERMANY FUND INC in the reporting details.