AllianceBernstein National Municipal Income Fund, Inc.

AFBNYSEFinancial Services● Active

$11.12

+$0.01(+0.09%)

Market Cap$319643688

P/E Ratio—

52W High$11.33

52W Low$10.05

Avg Volume117K

Open$11.13

Beta0.67

Insider Trades Ownership Employees

AllianceBernstein National Municipal Income Fund, Inc. (AFB) Insider Trading

Form 4 buy vs sell counts, ratio, and sentiment — switch this quarter or last 12 months; chart and transactions below.

SEC EDGAR · FMP · AFB · as of Jun 9, 2026

Activity summary

Buy transactions

P-Purchase only

Sell transactions

12 Months

Buy/Sell ratio

0.15

Buy/Sell (by trades)

Overall sentiment

BEARISH

↑ Buy 13%Active transactions only · RSU vesting excluded87% Sell ↓

AllianceBernstein National Municipal Income Fund, Inc. insiders have been primarily selling shares over the past 12 Months. Selling activity is often driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment toward the company.

▸ Source: SEC EDGAR · Form 3 & 4 · via Financial Modeling Prep · Buy = P-Purchase only · Sell = S-Sale only

As of Jun 9, 2026

AFB insider buying and selling by quarter

AFB insider selling · AFB insider buying stocks · quarterly insider activity

Total insider buying (incl. awards)Total insider selling

232K116K0

2023 Q4

2024 Q1

2024 Q2

2025 Q1

2025 Q3

2025 Q4

2026 Q1

2026 Q2

Mobile shows last 4Q · Desktop shows full 8Q

▸ Source: SEC EDGAR · Form 3 & 4 · via Financial Modeling Prep · last 8 quarters

As of Jun 9, 2026

Active insiders

Most active in past 12 months · AFB ceo insider trading

Showing all insiders · Click a card to filter the transactions table below

▸ Aggregated from reportingName · top 5 by trade count (12M) · no extra API

Recent insider transactions

AFB executive sell shares · AFB board member insider trading · AFB insider trading SEC filing

Showing 74 most recent · Common Stock · Form 4 only

Scroll horizontally to see all columns

Date	Insider	Type	Shares	Price	Value	After trans.	Filing
May 22, 2026	GERKEN R JAY Director	Purchase	2,500	$10.96	$27K	2,500	Form 4
Apr 21, 2026	MOODY GARRY L Director	Sale	13,500	$10.96	$148K	0	Form 4
Nov 6, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	19,623	$10.91	$214K	2,869,239	Form 4
Nov 4, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	30,873	$11.01	$340K	2,911,109	Form 4
Nov 5, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	22,247	$10.99	$244K	2,888,862	Form 4
Nov 3, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	684	$11.01	$8K	2,941,982	Form 4
Oct 31, 2025	MOODY GARRY L Director	Purchase	4,500	$11.06	$50K	13,500	Form 4
Oct 31, 2025	MOODY GARRY L Director	Purchase	9,000	$11.08	$100K	9,000	Form 4
Oct 29, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	7,693	$11.00	$85K	2,942,666	Form 4
Oct 27, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	25,686	$10.99	$282K	2,950,359	Form 4
Oct 23, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	21,442	$10.96	$235K	2,995,845	Form 4
Oct 24, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	19,800	$11.01	$218K	2,976,045	Form 4
Oct 22, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	1,955	$11.03	$22K	3,017,287	Form 4
Oct 9, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	2,509	$10.90	$27K	3,019,242	Form 4
Oct 1, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	59,548	$10.94	$651K	3,021,751	Form 4
Sep 19, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	4,244	$10.91	$46K	3,083,199	Form 4
Sep 22, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	1,900	$10.92	$21K	3,081,299	Form 4
Sep 17, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	22,486	$10.94	$246K	3,087,443	Form 4
Sep 8, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	4,100	$10.65	$44K	3,109,929	Form 4
Sep 2, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	7,873	$10.36	$82K	3,114,029	Form 4
Aug 27, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	20,389	$10.37	$211K	3,128,631	Form 4
Aug 28, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	6,214	$10.42	$65K	3,122,417	Form 4
Aug 29, 2025	Saba Capital Management, L.P. 10 percent owner	Sale	515	$10.39	$5K	3,121,902	Form 4
Jun 24, 2014	BANK OF AMERICA CORP /DE/ 10 percent owner	Purchase	3,300	$13.56	$45K	3,300	Form 4
Feb 14, 2013	BANK OF AMERICA CORP /DE/ 10 percent owner	Purchase	2,525	$15.46	$39K	2,525	Form 4

GERKEN R JAY

Director

Purchase

Date

May 22

2,500

Price

$10.96

Value

$27K

View Form 4 on SEC.gov

MOODY GARRY L

Director

Sale

Date

Apr 21

13,500

Price

$10.96

Value

$148K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Nov 6

19,623

Price

$10.91

Value

$214K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Nov 4

30,873

Price

$11.01

Value

$340K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Nov 5

22,247

Price

$10.99

Value

$244K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Nov 3

684

Price

$11.01

Value

$8K

View Form 4 on SEC.gov

MOODY GARRY L

Director

Purchase

Date

Oct 31

4,500

Price

$11.06

Value

$50K

View Form 4 on SEC.gov

MOODY GARRY L

Director

Purchase

Date

Oct 31

9,000

Price

$11.08

Value

$100K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 29

7,693

Price

$11.00

Value

$85K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 27

25,686

Price

$10.99

Value

$282K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 23

21,442

Price

$10.96

Value

$235K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 24

19,800

Price

$11.01

Value

$218K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 22

1,955

Price

$11.03

Value

$22K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 9

2,509

Price

$10.90

Value

$27K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Oct 1

59,548

Price

$10.94

Value

$651K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Sep 19

4,244

Price

$10.91

Value

$46K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Sep 22

1,900

Price

$10.92

Value

$21K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Sep 17

22,486

Price

$10.94

Value

$246K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Sep 8

4,100

Price

$10.65

Value

$44K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Sep 2

7,873

Price

$10.36

Value

$82K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Aug 27

20,389

Price

$10.37

Value

$211K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Aug 28

6,214

Price

$10.42

Value

$65K

View Form 4 on SEC.gov

Saba Capital Management, L.P.

10 percent owner

Sale

Date

Aug 29

515

Price

$10.39

Value

$5K

View Form 4 on SEC.gov

BANK OF AMERICA CORP /DE/

10 percent owner

Purchase

Date

Jun 24

3,300

Price

$13.56

Value

$45K

View Form 4 on SEC.gov

BANK OF AMERICA CORP /DE/

10 percent owner

Purchase

Date

Feb 14

2,525

Price

$15.46

Value

$39K

View Form 4 on SEC.gov

⚡ = value ≥ $1M · Award/Option price shows — · formType=4 · securityName=Common Stock · url → sec.gov/Archives/edgar

1 / 3

▸ Source: SEC EDGAR · Form 4 filings · ⚡ = value ≥ $1M · Award/Option price shows —

About AFB insider trading

AFB insider trades

AllianceBernstein National Municipal Income Fund, Inc. (AFB) insider trading data is sourced from SEC Form 4 filings submitted by corporate insiders, including Saba Capital Management, L.P. (10 percent owner), MOODY GARRY L (Director), GERKEN R JAY (Director). Over the past 12 months, 3 insiders have filed transactions with the SEC. AFB insiders have been primarily selling, which may reflect pre-scheduled Rule 10b5-1 plan executions.

For AllianceBernstein National Municipal Income Fund, Inc.'s institutional ownership breakdown and insider ownership percentage, see the Ownership tab → Ownership tab →

Buy/Sell signal logic

acquisitionOrDisposition field:

A = Acquisition (buy) · D = Disposition (sell)

RSU vesting (M-Exempt) excluded from sentiment

Form 4SEC filing required within 2 business days of any insider transaction

10b5-1Pre-scheduled trading plan that allows insiders to sell on autopilot

Open MktDirect purchase or sale on the open market (excludes awards, options)

Ownership SEC filings Financial statements Price history Forecast & ratings Earnings

Frequently asked questions

AFB insider trading · 5 questions

The insiders of AllianceBernstein National Municipal Income Fund, Inc. (AFB) include executives and directors such as Saba Capital Management, L.P. (10 percent owner), MOODY GARRY L (Director), GERKEN R JAY (Director), among others. Over the past 12 months, 3 insiders have filed Form 4 transactions with the SEC. Insider transactions are required to be reported within 2 business days of the trade date.

AFB board member insider tradingwho are AFB insidersAFB insider rosterAllianceBernstein National Municipal Income Fund, Inc. executives insider activity

▸ Source: FMP /stable/insider-trading/search · SEC EDGAR Form 3 & 4 · acquisitionOrDisposition A=Buy, D=Sell · RSU vesting (M-Exempt) excluded from sentiment bar · As of Jun 9, 2026