Alliancebernstein National Municipal Income Fund AFB Insider Ownership

NYSE AFB

$10.47 +0.21 (+2.05%)

At close: Nov 6, 2026 · 4:00 PM EST

Insider Holdings by Owner

2.88Mn Shares

Capital Management, L.P. Saba2.87Mn99.7%

Of America Corp /De/ Bank5.75K0.2%

R Jay Gerken2.50K0.1%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

—

share count not reported for this filer set

Shares Held by Insiders

2.87Mn

filed for Sep 2026

■0.00% QoQ

Shares Outstanding

—

not reported

Direct Holdings

2.50K

Indirect: 2.87Mn

Net Open-Market Trades

no open-market trades in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 5, 2026

Over the trailing 12 months, AFB insiders bought $27,388 worth of shares (2.5K shares) and sold $606,541 worth (55.37K shares) in open-market trades.

Behind Alliancebernstein National Municipal Income Fund's open-market trades in the past 12 months were one insider buying and 2 insiders selling.
Among Alliancebernstein National Municipal Income Fund's insiders, R. Jay Gerken (Director) was the largest open-market buyer over the past 12 months, purchasing $27,388 of stock (2.5K shares), most recently on May 22, 2026.
On the selling side, Saba Capital Management, L.P. (10% owner) sold the most Alliancebernstein National Municipal Income Fund stock on the open market over the past 12 months, $458,581 (41.87K shares), most recently on November 6, 2025.
Per Business Quant, AFB insiders together hold 2.87Mn shares based on their latest Form 4 filings, unchanged from 2.87Mn shares at the end of Q2 2026 and down 6.80% from 3.08Mn shares at the end of Q3 2025.
Alliancebernstein National Municipal Income Fund insiders hold 2.5K shares directly (0.09% of their total) and 2.87Mn shares (99.91%) indirectly, through entities such as trusts and partnerships.
AFB's insider total is spread across 2 insiders who have filed a Form 4 in the past two years.
Alliancebernstein National Municipal Income Fund's two biggest insider holders are Saba Capital Management, L.P. (10% owner, 2.87Mn shares) and R. Jay Gerken (Director, 2.5K shares), based on their latest Form 4 filings.
Saba Capital Management, L.P. alone accounts for 99.91% of the shares held by Alliancebernstein National Municipal Income Fund insiders.
Over the past 12 months, 3 insiders reported transactions in Alliancebernstein National Municipal Income Fund stock in 4 Form 4 filings.
This summary of Alliancebernstein National Municipal Income Fund insider activity covers Form 4 filings through May 27, 2026.

Form 4 Holdings

Insiders Holding AFB

Insiders 3

Shares held 2.88Mn

Of outstanding —

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Capital Management, L.P. Saba	TenPercentOwner	0	2,869,239	2,869,239	99.7%	10 Nov, 2025
2	Of America Corp /De/ Bank	TenPercentOwner	0	5,754	5,754	0.2%	18 Sep, 2023
3	R Jay Gerken	Director	2,500	0	2,500	0.1%	27 May, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

89 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
22 May, 2026	R Jay Gerken	Director	Acquired P	2,500	$10.96	$27.39K	2,500	Direct
21 Apr, 2026	Garry L Moody	Director	Disposed S	13,500	$10.96	$147.96K	0	Direct
06 Nov, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	19,623	$10.91	$214.09K	2,869,239	Indirect
04 Nov, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	30,873	$11.01	$339.91K	2,911,109	Indirect
05 Nov, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	22,247	$10.99	$244.49K	2,888,862	Indirect
03 Nov, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	684	$11.01	$7.53K	2,941,982	Indirect
31 Oct, 2025	Garry L Moody	Director	Acquired P	9,000	$11.08	$99.72K	9,000	Direct
31 Oct, 2025	Garry L Moody	Director	Acquired P	4,500	$11.06	$49.79K	13,500	Direct
29 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	7,693	$11.00	$84.62K	2,942,666	Indirect
27 Oct, 2025	Fargo Company/Mn Wells	TenPercentOwner	Disposed J	3,531	—	—	0	Indirect
27 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	25,686	$10.99	$282.29K	2,950,359	Indirect
23 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	21,442	$10.96	$235.00K	2,995,845	Indirect
24 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	19,800	$11.01	$218.00K	2,976,045	Indirect
22 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	1,955	$11.03	$21.56K	3,017,287	Indirect
09 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	2,509	$10.90	$27.35K	3,019,242	Indirect
01 Oct, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	59,548	$10.94	$651.46K	3,021,751	Indirect
19 Sep, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	4,244	$10.91	$46.30K	3,083,199	Indirect
22 Sep, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	1,900	$10.92	$20.75K	3,081,299	Indirect
17 Sep, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	22,486	$10.94	$246.00K	3,087,443	Indirect
08 Sep, 2025	Capital Management, L.P. Saba	TenPercentOwner	Disposed S	4,100	$10.65	$43.67K	3,109,929	Indirect

Showing 1 to 20 of 89 transactions