[Form 4] ASA GOLD AND PRECIOUS METALS LIMITED Insider Trading Activity

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd: Saba Capital Management, L.P. and Boaz Weinstein, identified as a director and a 10% owner, reported acquiring 327,900 shares of ASA common stock on 08/11/2025 at $35 per share. Following the transaction, the reporting parties beneficially own 3,686,546 shares indirectly. No derivative transactions were reported in the filing.

Positive

• Insider acquisition recorded: 327,900 ASA common shares acquired at $35 per share.
• Increased beneficial ownership: Post-transaction indirect holdings total 3,686,546 shares.
• Reporting parties identified: Saba Capital Management, L.P. and Boaz Weinstein (director and 10% owner).
• No derivatives reported: Table II shows no derivative securities were acquired or disposed of.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director and 10% owner increased indirect stake by 327,900 shares at $35, raising beneficial holdings to 3,686,546.

The Form 4 documents an insider purchase coded as "P," showing a meaningful increment to the reporting parties' indirect ownership. The acquisition is a straightforward non-derivative purchase with an explicit per-share price and a post-transaction beneficial ownership figure. For investors, insider purchases by large shareholders and directors are typically interpreted as alignment with shareholder value, though valuation context and position size relative to free float are not provided here.

Corporate Governance Expert

TL;DR: A director and substantial owner recorded an indirect purchase, increasing reported beneficial ownership to 3,686,546 shares.

The filing names both Saba Capital Management, L.P. and Boaz Weinstein as reporting persons and identifies their relationship to the issuer as director and 10% owner. The transaction is recorded as a non-derivative acquisition and increases indirect holdings. From a governance perspective, additional insider ownership can signal stronger alignment between management/major holders and other shareholders; the filing contains no indication of related-party terms or derivative instruments.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ASA Gold & Precious Metals Ltd [ ASA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2025		P		327,900	A	$35	3,686,546	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Weinstein Boaz

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	08/12/2025
	Boaz Weinstein	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the Form 4 report for ASA (ticker ASA)?

The Form 4 reports a non-derivative acquisition of 327,900 shares of ASA common stock on 08/11/2025 at a price of $35 per share.

Who are the reporting persons on the ASA Form 4?

The filing lists Saba Capital Management, L.P. and Boaz Weinstein as reporting persons, each identified as a director and a 10% owner.

How many ASA shares are beneficially owned after the reported transaction?

Following the reported transaction, the reporting parties beneficially own 3,686,546 shares, shown as indirect ownership.

Were any derivative transactions disclosed in the filing?

No. Table II in the Form 4 contains no entries for derivative securities; only a non-derivative common stock acquisition is reported.

Who signed the Form 4 for the reporting entities?

The filing includes signatures by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein for his individual reporting.