Saba Capital (PDX) discloses open-market sales and 6.59M shares held

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of PIMCO Dynamic Income Strategy Fund, reported open-market sales of common stock. It sold 15,702 shares at $20.11 on February 12, 2026 and 90,000 shares at $20.08 on February 13, 2026, and now indirectly holds 6,588,956 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)
02/12/2026

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	02/12/2026		S		15,702	D	$20.11	6,678,956	I	-
Common Stock	02/13/2026		S		90,000	D	$20.08	6,588,956	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	02/17/2026
	Boaz Weinstein	02/17/2026
	** 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 insider activity did Saba Capital report for PDX?

Saba Capital Management, L.P. reported selling PDX shares. It executed two open-market sales of common stock on February 12 and 13, 2026, and disclosed its updated indirect holdings afterward.

How many PDX shares did Saba Capital sell on February 12, 2026?

Saba Capital sold 15,702 PDX shares on February 12, 2026. The transaction was an open-market sale of common stock at a reported price of $20.11 per share.

How many PDX shares did Saba Capital sell on February 13, 2026?

Saba Capital sold 90,000 PDX shares on February 13, 2026. This was an open-market sale of common stock at a reported price of $20.08 per share.

What is Saba Capital’s ownership in PIMCO Dynamic Income Strategy Fund (PDX) after the sales?

After the reported sales, Saba Capital indirectly owns 6,588,956 PDX shares. This figure reflects its beneficial ownership of common stock following the February 13, 2026 transaction.

Is Saba Capital a 10% owner of PIMCO Dynamic Income Strategy Fund (PDX)?

Yes, Saba Capital is reported as a 10% owner of PDX. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner of PIMCO Dynamic Income Strategy Fund.

Were Saba Capital’s PDX transactions direct or indirect holdings?

The reported PDX transactions involved indirect ownership. The filing classifies Saba Capital’s beneficial holdings as indirect, with updated indirect ownership of 6,588,956 common shares after the latest sale.