Form 4: Bny Mellon Strategic Municipals Insider Buys Shares
Insider Transaction (Form 4)
Saba Capital Management, L.P. reported changes in beneficial ownership of Bny Mellon Strategic Municipals, Inc. common stock on October 16, 2026.
Summary
- Open-market purchase: acquired 250,087 Common Stock at $5.66 ($1,415,492) on October 16, 2026; holds 6,340,617 after (Indirect).
- Open-market purchase: acquired 72,771 Common Stock at $5.63 ($409,701) on October 16, 2026; holds 6,413,388 after (Indirect).
- Open-market purchase: acquired 15,246 Common Stock at $5.67 ($86,445) on October 19, 2026; holds 6,428,634 after (Indirect).
Sentiment
Score: 9
Explanation: StockSavvy.ai views this as a bullish signal: an insider made an open-market purchase of $1,911,638, 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 | 250,087 | $6 | $1.4M | 6,340,617 |
| 2026-10-16 | Open-market purchase | Common Stock | 72,771 | $6 | $409.7K | 6,413,388 |
| 2026-10-19 | Open-market purchase | Common Stock | 15,246 | $6 | $86.4K | 6,428,634 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-16 | Open-market purchase (250,087 shares) |
| 2026-10-16 | Open-market purchase (72,771 shares) |
| 2026-10-19 | Open-market purchase (15,246 shares) |
Keywords
insider transaction, Form 4, LEO, BNY MELLON STRATEGIC MUNICIPALS, INC., bullish, Saba Capital Management, L.P.
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