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Preface: have already been in contact with support for this issue, posting to see if other users are experiencing a similar issue.

1.) Cut/Copy actions, when pasted, immediately paste into inbox
ignoring actual paste location (also removes any action context).

Move items button cannot substitute for moving actions via cut/copy/paste. This button only will drill up so many items, does nothing to move actions into a SA list in another folder that is not parent (sibling of parent folder in top level). Though, you could 1.) convert an action into a project 2.) move to desired location 3.) convert back into an action 4.) move into your SA list. This is undesirable. Example:

Folder 1
SA List 1
Action to be moved

Folder 2
SA List 2
Action destination