Saba Capital (PDX) reports open-market sale of 31,339 fund shares

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 on two consecutive days. It sold 16,924 shares at $20.10 on February 24 and 14,415 shares at $20.05 on February 25, totaling 31,339 shares. After these indirect sales, it reported owning 6,448,535 shares of Common Stock.

Insider Trade Summary

Net Seller: 31,339 shares ($629,193)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 31,339 shs ($629K)

Type	Security	Shares	Price	Value
Sale	Common Stock	14,415	$20.05	$289K
Sale	Common Stock	16,924	$20.10	$340K

Holdings After Transaction: Common Stock — 6,448,535 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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 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)
02/24/2026

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	02/24/2026		S		16,924	D	$20.1	6,462,950	I	-
Common Stock	02/25/2026		S		14,415	D	$20.05	6,448,535	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	02/26/2026
	Boaz Weinstein	02/26/2026
	** 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 reported selling 31,339 shares of PIMCO Dynamic Income Strategy Fund Common Stock. The sales occurred over two days in open-market transactions at prices slightly above $20 per share, and Saba remains a significant 10% beneficial owner after these trades.

How many PDX shares did Saba Capital sell and at what prices?

Saba Capital sold a total of 31,339 PIMCO Dynamic Income Strategy Fund shares. It sold 16,924 shares at $20.10 per share on February 24 and 14,415 shares at $20.05 per share on February 25 in open-market transactions.

How many PDX shares does Saba Capital own after these sales?

After the reported sales, Saba Capital beneficially owns 6,448,535 shares of PIMCO Dynamic Income Strategy Fund Common Stock. This figure reflects indirect ownership following two open-market sale transactions disclosed in the Form 4 covering February 24 and February 25 trading activity.

Were Saba Capital’s PDX transactions buys or sells?

All reported transactions by Saba Capital in this filing were sales. The Form 4 shows two non-derivative, open-market sale transactions in PIMCO Dynamic Income Strategy Fund Common Stock, coded as “S” and described as sales in the open market or private transactions.

What type of security did Saba Capital trade in PDX?

Saba Capital traded PIMCO Dynamic Income Strategy Fund Common Stock. The Form 4 lists two non-derivative transactions, both involving sales of Common Stock in open-market trades, with no derivative securities or options reported in this particular insider filing.

Is Saba Capital a significant owner of PIMCO Dynamic Income Strategy Fund?

Yes, Saba Capital is identified as a 10% owner of PIMCO Dynamic Income Strategy Fund. Even after selling 31,339 shares in the reported transactions, it continues to beneficially own 6,448,535 shares of Common Stock, indicating a substantial ongoing stake.