[Form 4] PIMCO Dynamic Income Strategy Fund Insider Trading Activity

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of PIMCO Dynamic Income Strategy Fund, reported an open-market sale of 16,256 shares of common stock on March 2, 2026 at $20.59 per share. After this transaction, it reported owning 6,428,579 shares indirectly.

Insider Trade Summary

Net Seller: 16,256 shares ($334,711)

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 16,256 shs ($335K)

Type	Security	Shares	Price	Value
Sale	Common Stock	16,256	$20.59	$335K

Holdings After Transaction: Common Stock — 6,428,579 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)
03/02/2026

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	03/02/2026		S		16,256	D	$20.59	6,428,579	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	03/03/2026
	Boaz Weinstein	03/03/2026
	** 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 transaction did Saba Capital report for PDX?

Saba Capital Management reported selling 16,256 shares of PIMCO Dynamic Income Strategy Fund common stock. The sale occurred on March 2, 2026, as an open-market transaction at a reported price of $20.59 per share, according to the Form 4 filing.

At what price were the PDX shares sold in this Form 4?

The PDX shares were sold at a reported price of $20.59 per share. This price applies to the 16,256 common shares sold by Saba Capital Management on March 2, 2026, in an open-market or private transaction as disclosed.

How many PDX shares does Saba Capital own after this sale?

After the reported sale, Saba Capital Management reported owning 6,428,579 PDX common shares. This figure reflects its indirect holdings following the 16,256-share open-market sale disclosed in the Form 4 transaction details.

Is Saba Capital a major shareholder of PIMCO Dynamic Income Strategy Fund (PDX)?

Yes, Saba Capital Management is identified as a ten percent owner of PIMCO Dynamic Income Strategy Fund. This status is indicated in the Form 4, which classifies the reporting person as a 10% owner when disclosing the recent sale transaction.

Was the PDX insider transaction a buy or a sell?

The transaction was a sale of PDX shares. The Form 4 lists transaction code “S,” describes it as an open-market sale, and shows 16,256 common shares sold by Saba Capital Management at $20.59 per share on March 2, 2026.

Is Saba Capital’s PDX ownership direct or indirect after the sale?

Saba Capital’s PDX ownership is reported as indirect after the sale. The Form 4 marks the holding as indirect with code “I” and shows 6,428,579 common shares owned following the 16,256-share open-market sale transaction.