Saba Capital, 10% holder of PIMCO Dynamic (NYSE: PDX), sells shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of PIMCO Dynamic Income Strategy Fund, reported an open-market sale of common stock. On 02/11/2026, it sold 14,680 shares at $20.35 per share. After this transaction, it indirectly held 6,694,658 shares of the fund’s common stock.

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)
02/11/2026

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	02/11/2026		S		14,680	D	$20.35	6,694,658	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	02/12/2026
	Boaz Weinstein	02/12/2026
	** 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 report in its latest Form 4 for PDX?

Saba Capital reported selling 14,680 shares of PIMCO Dynamic Income Strategy Fund common stock at $20.35 per share. After this open-market sale, it indirectly held 6,694,658 shares, reflecting a modest reduction in its overall position in the fund.

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

Saba Capital sold 14,680 PIMCO Dynamic Income Strategy Fund common shares in a single transaction. The sale occurred on February 11, 2026, at a price of $20.35 per share, as disclosed in the Form 4 insider trading report.

What is Saba Capital’s remaining indirect ownership in PIMCO Dynamic Income Strategy Fund (PDX)?

Following the reported sale, Saba Capital indirectly held 6,694,658 PIMCO Dynamic Income Strategy Fund common shares. This updated ownership figure reflects its position after disposing of 14,680 shares in an open-market transaction on February 11, 2026.

Was the PDX Form 4 transaction a buy or sell by Saba Capital?

The Form 4 shows a sell transaction by Saba Capital, coded “S” for sale. It disposed of 14,680 PIMCO Dynamic Income Strategy Fund common shares in an open-market sale at $20.35 per share, reducing its indirectly held share count.

At what price were the PIMCO Dynamic Income Strategy Fund (PDX) shares sold?

The 14,680 PIMCO Dynamic Income Strategy Fund common shares were sold at $20.35 per share. This price is specifically listed in the Form 4 as the transaction price for Saba Capital’s open-market sale on February 11, 2026.

What type of insider is Saba Capital for PIMCO Dynamic Income Strategy Fund (PDX)?

Saba Capital is identified as a 10% owner of PIMCO Dynamic Income Strategy Fund. This status means it holds at least ten percent of the fund’s outstanding common shares, which subjects it to Form 4 insider reporting requirements for its transactions.