The audit log · signal #1418

LEO insider buy · signal #1418

10% owner Saba Capital Management, L.P. bought $263k of BNY MELLON STRATEGIC MUNICIPALS, INC. (LEO), filed Oct 22, 2026, 17:38 New York time.

Logged in advance Logged Oct 22, 2026, 21:39 UTC, before its result could be known.

Entry price$5.69close of Oct 23, 2026

After 1 day, after costs+2.5%+1.8% vs benchmark

After 1 week, after costs+4.5%+5.0% vs benchmark

After 1 month, after costsWaitingdue Nov 21, 2026

Results

After	Price move	After costs	S&P 500	Against it
1 day	+2.6%	+2.5%	+0.7%	+1.8%
1 week	+4.6%	+4.5%	−0.6%	+5.0%
1 month	–	–	–	–

Costs: 10 basis points for buying and selling (0.10%), taken off every result. The benchmark is S&P 500 (SPY), measured from the same entry close to the same later closes. Bad calls stay in the record like every other, and a result that can't be measured counts against the Truth Scores as a miss.

The record

Each entry was written to InsiderBeacon's audit log when it happened; the prices in it are sealed, a commitment standing in for them wherever the log is passed on, and shown here with the salt that opens the seal. Every check below passes.

#5675 · PublishedOct 22, 2026, 21:39 UTC
Insider buy of LEO, $263k, score 11. Costs counted: 10.0 bps a round trip.
86691b146ad870a7e2c90c04469176522c953ce8539f80fde48e79172628c6cd ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-22
#6345 · EntryOct 24, 2026, 06:06 UTC
Entry price $5.69; benchmark the S&P 500 (SPY) at $759.97, the close of Oct 23, 2026.
ad57665c08e7292e2889756ccfb4b3e680cd93860ee653128568d40a18a4cf85 ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-24 · ✓ sealed prices match their commitment Sealed: c1d41b86b1eba6ff0d5e3a5fae9ca0771c55e6dbc523b0277b0ee6fb11dab056 · salt db54b17d18d5d68edf9e1445f60663a3 · values {"bpx":759.97,"px":5.69}
#7623 · ResultOct 27, 2026, 07:02 UTC
1 day: price +2.6%, after costs +2.5%; benchmark +0.7%, so +1.8% against it
d6405f7f7816244937f3549ff210c588dec3cef4e0295b16bb1d9c5d9b3b25d7 ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-27 · ✓ sealed prices match their commitment Sealed: b22a996bd26cb66917ddb9b0e3f7b066e5a05574cdfd7b8e5bf617175a31faa3 · salt 07241fdf4890a70cf85aa26af1dc9356 · values {"bench":0.00710554,"excess":0.0182565,"gross":0.02636204,"net":0.02536204}
#11784 · ResultOct 31, 2026, 03:08 UTC
1 week: price +4.6%, after costs +4.5%; benchmark −0.6%, so +5.0% against it
560012c20332b5abffa8887c107d739d794128f7e28c6b760d9c7930a39f149f ✓ matches its hash · ✓ follows the entry before it · ✓ in the checkpoint for 2026-10-31 · ✓ sealed prices match their commitment Sealed: 267eba6dd5af6767bdd8880f6a927ec5f7f46d3b326f3e944f77985f7e047667 · salt 2e59efe891c63d9d3769507bc6e443b1 · values {"bench":-0.00559233,"excess":0.05028653,"gross":0.0456942,"net":0.0446942}

Checkpoints: Oct 22, 2026, digest 7eb0b5f294a6f368a862315b2e6e2068bf04c28c3cc8806a17af1c1ae452697c; Oct 24, 2026, digest 34598f82fccd3feaa91beaa0cad2a239a730ff5a72f2c20fef5a483dc201686f; Oct 27, 2026, digest eef2d35eb3226f2ab49990afb7e69217a1aa62f26101c6af4b8a0d39b8faf71f; Oct 31, 2026, digest 4ba62b3c25597fb0eab138c5023d556611e3586e88fc25c40fa70d15530b2395.

What this proves

That each entry matches its hash and follows the entry logged right before it, and, once its day is over, that it's part of that day's checkpoint, whose digest fixes everything logged up to then. It doesn't prove on its own that the whole log was never rewritten: only a copy of a checkpoint kept outside this site can. No copy is kept outside this site yet, so these checks show the log is consistent, not that it was never rewritten.

Check it yourself

Download these entries with their proofs: /s/1418.json. The audit log page has a short script that checks every hash, every link and every checkpoint, and explains each step.

Source: the SEC filing. Past results don't predict future ones, and nothing here is investment advice.