BNY Mellon Strategic Municipals: Saba buys 338K shares

The reported shares were held by funds and/or accounts for which Saba Capital Management serves as investment manager.

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Rhea-AI Filing Summary

Saba Capital Management, L.P., a reported 10% owner, reported purchases of BNY Mellon Strategic Municipals, Inc. (LEO) common stock totaling 338,104 shares for funds and/or accounts it manages. On October 16, 2026, the accounts purchased 250,087 shares at $5.66 and 72,771 shares at $5.63; on October 19, 2026, they purchased 15,246 shares at $5.67. No Rule 10b5-1 plan is reported. The securities are held by the funds and/or accounts; Boaz R. Weinstein is identified as managing member of Saba Capital Management GP, LLC, Saba Capital Management, L.P.'s general partner.

Insights

Analyzing...

Insider Trade Summary

Net Buyer: 338,104 shares

Net Buy 3 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 338,104 shs ($1.91M)

Type	Security	Shares	Price	Value
Purchase	Common Stock ^F1	15,246	$5.67	$86K
Purchase	Common Stock ^F1	250,087	$5.66	$1.42M
Purchase	Common Stock ^F1	72,771	$5.63	$410K

Holdings After Transaction: Common Stock — 6,428,634 shares (Indirect, _)

Footnotes (1)

F1. The securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager. Mr. Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.

Key Figures

Total shares purchased: 338,104 shares Shares purchased: 250,087 shares Purchase price: $5.66 per share +4 more

7 metrics

Total shares purchased 338,104 shares Three reported purchases

Shares purchased 250,087 shares October 16, 2026

Purchase price $5.66 per share October 16, 2026 purchase of 250,087 shares

Shares purchased 72,771 shares October 16, 2026

Purchase price $5.63 per share October 16, 2026 purchase of 72,771 shares

Shares purchased 15,246 shares October 19, 2026

Purchase price $5.67 per share October 19, 2026 purchase of 15,246 shares

Key Terms

investment manager, general partner, Rule 10b5-1 plan

3 terms

investment manager financial

"Saba Capital Management serves as investment manager for funds and/or accounts"

general partner financial

"Saba Capital Management GP, LLC is the general partner of Saba Capital Management, L.P."

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

Rule 10b5-1 plan financial

"No Rule 10b5-1 plan is reported for the purchases"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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

How many LEO shares did Saba Capital buy, and at what prices?

Saba Capital Management, L.P. reported three purchases totaling 338,104 shares for funds and/or accounts it manages: 250,087 shares at $5.66 and 72,771 shares at $5.63 on October 16, 2026, and 15,246 shares at $5.67 on October 19, 2026. No Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/20/2026 - 05:10 PM EDT Accepted by SEC EDGAR 10/20/2026 - 05:09 PM EDT

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

10174

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BNY MELLON STRATEGIC MUNICIPALS, INC. [ LEO ]

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)
10/16/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/16/2026		P		250,087	A	$5.66	6,340,617	I	_⁽¹⁾
Common Stock	10/16/2026		P		72,771	A	$5.63	6,413,388	I	_⁽¹⁾
Common Stock	10/19/2026		P		15,246	A	$5.67	6,428,634	I	_⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager. Mr. Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.

	Saba Capital Management, L.P. By: Maria Piccolino	10/20/2026
	Boaz Weinstein	10/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR