I opened a Sabaj D5 by my hand just yesterday and it had no heatsink at all. Look at the picture, it is done by me yesterday.
thank you for taking the pic. I been water cooling video cards and other components for many years, regarding the PCB pic you posted for the D5, those 2 holes to the sides of the DAC chip are there in case some someone wants to slap a heatsink on top of the DAC, but it only can be done if a different case/chassis is used, but not with this one, you can clearly see the bottom of the chassis right under the DAC.
A custom made chassis with at least half inch of room under the PCB would be needed to slap a heatsink on top of the DAC so the screws can go under it and secure the heatsink.
Anyway, I been using this DAC for over a week now and i really like it so far, better than countless pc sound cards and onboard dac's i have used in the past. Biggest difference is in the bass and midrange, very dynamic and punchy, this DAC also picks up little faint details in the background and it amplifies them where I can clearly hear things where before I didn't hear. Hard to believe what I have been missing out on, well i cant say that because this is a very new product with the latest ESS chip lol.