Form 4: Bny Mellon Strategic Municipal Bond Fund Insider Buys Shares
Insider Transaction (Form 4)
Saba Capital Management, L.P. reported changes in beneficial ownership of Bny Mellon Strategic Municipal Bond Fund, Inc. common stock on October 16, 2026.
Summary
- Open-market purchase: acquired 48,135 Common Stock at $5.26 ($253,190) on October 16, 2026; holds 5,241,338 after (Indirect).
- Open-market purchase: acquired 90,507 Common Stock at $5.28 ($477,877) on October 16, 2026; holds 5,331,845 after (Indirect).
- Open-market purchase: acquired 69,080 Common Stock at $5.29 ($365,433) on October 19, 2026; holds 5,400,925 after (Indirect).
Sentiment
Score: 9
Explanation: StockSavvy.ai views this as a bullish signal: an insider made an open-market purchase of $1,096,500, committing personal capital to the stock.
Insider Transactions
Saba Capital Management, L.P. — 10% owner
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-16 | Open-market purchase | Common Stock | 48,135 | $5 | $253.2K | 5,241,338 |
| 2026-10-16 | Open-market purchase | Common Stock | 90,507 | $5 | $477.9K | 5,331,845 |
| 2026-10-19 | Open-market purchase | Common Stock | 69,080 | $5 | $365.4K | 5,400,925 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-16 | Open-market purchase (48,135 shares) |
| 2026-10-16 | Open-market purchase (90,507 shares) |
| 2026-10-19 | Open-market purchase (69,080 shares) |
Keywords
insider transaction, Form 4, DSM, BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC., bullish, Saba Capital Management, L.P.
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