AFB · Insider Trading

Alliance National Municipal Income Fund, Inc.

Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Every open-market purchase and sale reported by AFB officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings

most recent

Open-Market Buys

code P

Sales

code S

Reporting Insiders

current holders

AFB — Recent Form 4 Transactions (latest 2026-05-27)

Filed	Insider	Role	Type	Shares	Value
2026-05-27	R Jay Gerken	Director	Buy	+2,500	+$27.39K
2026-04-22	Garry L Moody	Director	Sell	−13,500	−$147.96K
2025-11-10	Saba Capital Management, L.P.	10%+ Owner	Sell	−19,623	−$214.09K
2025-11-06	Saba Capital Management, L.P.	10%+ Owner	Sell	−53,120	−$584.41K
2025-11-04	Saba Capital Management, L.P.	10%+ Owner	Sell	−684	−$7.53K
2025-10-31	Garry L Moody	Director	Buy	+13,500	+$149.51K
2025-10-30	Saba Capital Management, L.P.	10%+ Owner	Sell	−7,693	−$84.62K
2025-10-29	Wells Fargo Municipal Capital Strategies, LLC	10%+ Owner	J	−7,062	—
2025-10-28	Saba Capital Management, L.P.	10%+ Owner	Sell	−25,686	−$282.29K
2025-10-27	Saba Capital Management, L.P.	10%+ Owner	Sell	−41,242	−$453.00K
2025-10-23	Saba Capital Management, L.P.	10%+ Owner	Sell	−1,955	−$21.56K
2025-10-14	Saba Capital Management, L.P.	10%+ Owner	Sell	−2,509	−$27.35K
2025-10-02	Saba Capital Management, L.P.	10%+ Owner	Sell	−59,548	−$651.46K
2025-09-23	Saba Capital Management, L.P.	10%+ Owner	Sell	−6,144	−$67.05K
2025-09-19	Saba Capital Management, L.P.	10%+ Owner	Sell	−22,486	−$246.00K
2025-09-09	Saba Capital Management, L.P.	10%+ Owner	Sell	−8,200	−$87.33K
2025-09-04	Boaz Weinstein	10%+ Owner	Sell	−15,746	−$163.13K
2025-09-02	Boaz Weinstein	10%+ Owner	Sell	−54,236	−$563.07K
2024-12-13	MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	10%+ Owner	MIXED	—	+$2.88K
2024-06-25	Saba Capital Management, L.P.	10%+ Owner	Buy	+69,748	+$770.72K
2024-06-10	Boaz Weinstein	10%+ Owner	Buy	+12,198	+$131.98K
2024-06-10	BANK OF AMERICA CORP /DE/	10%+ Owner	MIXED	−26,862	−$104.45K
2024-05-31	Boaz Weinstein	10%+ Owner	Buy	+14,302	+$153.75K
2024-05-23	Saba Capital Management, L.P.	10%+ Owner	Buy	+122,564	+$1.33M
2024-05-21	Boaz Weinstein	10%+ Owner	Buy	+134,920	+$1.47M
2024-05-17	Saba Capital Management, L.P.	10%+ Owner	Buy	+109,786	+$1.20M
2023-09-18	BANK OF AMERICA CORP /DE/	10%+ Owner	J	−7,062	—
2022-04-12	Garry L Moody	Director	Sell	−4,655	−$55.77K
2021-09-30	Marshall C Turner	Director	Buy	+4,771	+$71.06K
2021-08-12	Marshall C Turner	Director	Buy	+2,000	+$29.97K
2021-03-19	Jeanette W Loeb	Director	Buy	+1,150	+$16.38K
2020-10-26	Carol McMullen	Director	Sell	−1,928	−$26.21K
2020-05-29	Garry L Moody	Director	Sell	−4,655	−$61.26K
2019-08-30	BANK OF AMERICA CORP /DE/	10%+ Owner	J	+220	—
2019-08-15	Garry L Moody	Director	Buy	+1,810	+$24.99K
2019-07-15	Garry L Moody	Director	Buy	+3,700	+$50.02K
2019-06-14	Garry L Moody	Director	Buy	+3,800	+$50.54K
2019-03-18	Banc of America Preferred Funding Corp	10%+ Owner	J	—	—
2019-02-22	Earl D Weiner	Director	Buy	+1,012	+$13.00K
2019-02-15	Marshall C Turner	Director	Buy	+2,000	+$25.45K
2018-12-21	UBS Group AG	10%+ Owner	J	−1,049	—
2018-12-21	Blue Ridge Investments, L.L.C.	10%+ Owner	J	+5,283	—
2017-05-26	Carol McMullen	Director	Buy	+1,928	+$26.11K
2015-09-23	RiverNorth Institutional Partners, L.P.	10%+ Owner	Sell	−3,057	—
2015-09-03	CITIGROUP INC	10%+ Owner	J	−2,992	−$70.31M
2015-09-03	Banc of America Preferred Funding Corp	10%+ Owner	Buy	+11,288	+$282.20M
2014-12-19	CITIGROUP INC	10%+ Owner	J	+115	—
2014-11-13	CITIGROUP INC	10%+ Owner	Sell	−80	−$6.56K
2014-09-22	Douglas J Peebles	Senior Vice President	Buy	+15,000	+$203.55K
2014-09-18	Douglas J Peebles	Senior Vice President	Buy	+50,000	+$676.00K

AFB — Current Insider Holders

Insider	Role	Shares Held	Value
Boaz Weinstein	10%+ Owner	3,114,029	$31.00M
Saba Capital Management, L.P.	10%+ Owner	2,869,239	$28.56M
R Jay Gerken	Director	2,500	$24.89K
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	10%+ Owner	907	$9.03K

AFB Insider Trading FAQ

Who are the insiders at AFB?

4 officers, directors and 10%+ beneficial owners currently report holdings in AFB via SEC Form 4.

Are AFB insiders buying or selling?

Across the 50 most recent Form 4 filings for AFB, 20 were open-market purchases (code P) and 20 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.

How current is AFB insider data?

Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent AFB filing is dated 2026-05-27.

How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the AFB quote page; the site-wide leaderboard is on the insider transactions hub.