PIMCO Dynamic Income (NYSE: PDX) holder Saba sells 32,910 shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of PIMCO Dynamic Income Strategy Fund (PDX), reported selling common shares on two consecutive days. It sold 23,014 shares at $20.03 on February 5, 2026, then 9,896 shares at $20.27 on February 6, 2026. After these indirect transactions, Saba Capital Management reported beneficial ownership of 6,763,220 common shares.

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

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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 NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PIMCO Dynamic Income Strategy Fund [ PDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/05/2026		S		23,014	D	$20.03	6,773,116	I	-
Common Stock	02/06/2026		S		9,896	D	$20.27	6,763,220	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	02/09/2026
	Boaz Weinstein	02/09/2026
	** 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.

FAQ

What did Saba Capital Management report in its latest Form 4 for PDX?

Saba Capital Management reported selling PIMCO Dynamic Income Strategy Fund common shares on February 5 and 6, 2026. The transactions reduced its indirectly held position to 6,763,220 shares, as disclosed in the filing, while it remains a 10% owner of the fund.

How many PIMCO Dynamic Income Strategy Fund (PDX) shares did Saba Capital sell?

Saba Capital Management sold a total of 32,910 PDX common shares in two trades. It sold 23,014 shares at $20.03 on February 5, 2026, and 9,896 shares at $20.27 on February 6, 2026, according to the Form 4.

What is Saba Capital Management’s remaining PDX shareholding after these sales?

After the reported sales, Saba Capital Management beneficially owned 6,763,220 shares of PIMCO Dynamic Income Strategy Fund common stock. The filing states this ownership is held indirectly, reflecting its position as a significant, over-10% holder of the fund.

At what prices did Saba Capital Management sell its PDX shares?

Saba Capital Management’s reported PDX sales occurred at prices just above $20 per share. It sold 23,014 shares at $20.03 on February 5, 2026, and 9,896 shares at $20.27 on February 6, 2026, as detailed in the Form 4 filing.

What is the relationship of Saba Capital Management to PIMCO Dynamic Income Strategy Fund (PDX)?

Saba Capital Management is identified as a 10% owner of PIMCO Dynamic Income Strategy Fund in the Form 4. That designation means it beneficially owns more than ten percent of the fund’s common stock, making its trades subject to Section 16 reporting.