diff --git a/src/__init__.py b/src/__init__.py
index b06babea0..1256fc450 100644
--- a/src/__init__.py
+++ b/src/__init__.py
@@ -257,6 +257,8 @@ def log( text='', caller=1):
         line = frame_record.lineno
         function = frame_record.function
         text = f'{filename}:{line}:{function}(): {text}'
+        del stack
+        # Leaving <stack> to be garbage collected, appears to change behaviour.
     if _g_log_items_active:
         _g_log_items.append(text)
     if _g_out_log:
@@ -3241,13 +3243,25 @@ def cre_annot(lnk, xref_dst, pno_src, ctm):
             if len(links) == 0:  # no links there
                 page_src = None
                 continue
-            ctm = ~page_src.transformation_matrix  # calc page transformation matrix
             page_dst = doc1[pno_dst[i]]  # load destination page
+            
+            # In our call above to page_src.get_links(), we end up in
+            # fz_load_links(). This extracts the raw rects (encoded as strings
+            # such as `/Rect[10 782 40 822]`) and multiplies them by page_ctm
+            # from pdf_page_transform().
+            #
+            # We want to recreate the original raw rects, so we need to
+            # multiply by inverse of page_ctm. This fixes #4958.
+            ctm = mupdf.FzMatrix()
+            page_src_pdf_document = _as_pdf_page(page_src)
+            mupdf.pdf_page_transform(page_src_pdf_document, mupdf.FzRect(0), ctm)
+            ictm = Matrix(mupdf.fz_invert_matrix(ctm))
+
             link_tab = []  # store all link definitions here
             for l in links:
                 if l["kind"] == LINK_GOTO and (l["page"] not in pno_src):
                     continue  # GOTO link target not in copied pages
-                annot_text = cre_annot(l, xref_dst, pno_src, ctm)
+                annot_text = cre_annot(l, xref_dst, pno_src, ictm)
                 if annot_text:
                     link_tab.append(annot_text)
             if link_tab != []:
diff --git a/tests/resources/test_4965.pdf b/tests/resources/test_4965.pdf
new file mode 100644
index 000000000..77556e80e
Binary files /dev/null and b/tests/resources/test_4965.pdf differ
diff --git a/tests/test_insertpdf.py b/tests/test_insertpdf.py
index 9689beb8c..99b2aa0b1 100644
--- a/tests/test_insertpdf.py
+++ b/tests/test_insertpdf.py
@@ -332,4 +332,35 @@ def test_4571():
     else:
         # Incorrect.
         assert b'<</Type/Pages/Count 6/Kids[4 0 R 6 0 R 12 0 R 4 0 R 6 0 R 12 0 R]>>' in content
-    
+
+
+def test_4958():
+    print()
+    with pymupdf.Document() as document_orig, pymupdf.Document() as document_copy:
+        document_orig.new_page()
+        document_orig[0].set_rotation(90)
+        document_orig[0].insert_link(
+                {
+                    'kind': 2,
+                    'from': pymupdf.Rect(10, 20, 40, 60),
+                    'uri': 'https://example.org'
+                }
+                )
+
+        document_copy.insert_pdf(document_orig, links=True)
+        
+        path_orig = os.path.normpath(f'{__file__}/../../tests/test_4958_out_orig.pdf')
+        path_copy = os.path.normpath(f'{__file__}/../../tests/test_4958_out_copy.pdf')
+        
+        document_orig.save(path_orig)
+        document_copy.save(path_copy)
+        
+        print(f'Have created {path_orig=}')
+        print(f'Have created {path_copy=}')
+        
+        from_rects_orig = [l['from'] for l in document_orig[0].get_links()]
+        from_rects_copy = [l['from'] for l in document_copy[0].get_links()]
+        
+        print(f'test_4958(): orig: {from_rects_orig}')
+        print(f'test_4958(): copy: {from_rects_copy}')
+        assert from_rects_orig == from_rects_copy
diff --git a/tests/test_widgets.py b/tests/test_widgets.py
index 9eafd0246..2ba7a0afb 100644
--- a/tests/test_widgets.py
+++ b/tests/test_widgets.py
@@ -430,3 +430,20 @@ def test_4055():
     # Round 5: final check: setting to "Yes" also does work
     for w in page.widgets(types=[2]):
         assert w.field_value == w.on_state()
+
+
+def test_4965():
+    path = os.path.normpath(f'{__file__}/../../tests/resources/test_4965.pdf')
+    with pymupdf.open(path) as document:
+        for page in document:
+            print(f'test_4965(): {page.number=}')
+            # Iterate over all form fields (widgets) on the page
+            for widget_i, field in enumerate(page.widgets()):
+                # Access field properties
+                name = field.field_name       # The internal name of the field
+                value = field.field_value     # The data currently in the field
+                f_type = field.field_type      # Integer representing the field type
+                print(f'     {widget_i=}')
+                print(f'        {name=}')
+                print(f'        {value=}')
+                print(f'        {f_type=}')