Insider Purchase: Saba Capital and Boaz Weinstein Increase Indirect ASA Holdings

Rhea-AI Filing Summary

Saba Capital Management, L.P. and reported person Boaz Weinstein filed a Form 4 disclosing an insider purchase in ASA Gold & Precious Metals Ltd (ASA). On 08/18/2025 a purchase (Code P) of 1,600 common shares was executed at $34.46 per share. After the transaction the reporting persons beneficially own 4,062,461 shares on an indirect basis. The filing indicates the form was filed by more than one reporting person and is signed on 08/19/2025.

Positive

• Insider purchase disclosed: Acquisition of 1,600 shares at $34.46 is reported, demonstrating compliance with Section 16 disclosure rules.
• Clear beneficial ownership reporting: Post-transaction indirect beneficial ownership is stated as 4,062,461 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine insider acquisition of 1,600 ASA shares at $34.46, raising indirect holdings to 4,062,461 shares.

The Form 4 documents a small open-market purchase by Saba Capital Management, L.P. and Boaz Weinstein on 08/18/2025. The transaction code 'P' indicates a purchase and the post-transaction beneficial ownership is reported as 4,062,461 shares indirect. This is a standard Section 16 disclosure; there are no derivative transactions reported and no other changes disclosed.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported non-derivative purchase and shows indirect ownership; filing is routine.

The Form 4 indicates both the institutional reporting person and an individual reporting person (Boaz Weinstein) filed jointly, and the document is duly signed. The relationship checkboxes mark the reporting persons as Directors and 10% owners. The filing contains no amendments or additional explanatory schedules.

Insider Trade Summary

Net Buyer: 1,600 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P., Weinstein Boaz

Role 10% Owner | 10% Owner

Bought 1,600 shs ($55K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,600	$34.46	$55K

Holdings After Transaction: Common Stock — 4,062,461 shares (Indirect, -)

FAQ

What transaction did Saba Capital report on Form 4 for ASA (ASA)?

The Form 4 reports a purchase of 1,600 common shares of ASA on 08/18/2025 at a price of $34.46 per share.

How many ASA shares do the reporting persons beneficially own after the transaction?

The reporting persons report 4,062,461 shares of ASA beneficially owned following the transaction, held indirectly.

Who are the reporting persons on this Form 4?

The Form 4 lists Saba Capital Management, L.P. and Boaz Weinstein as reporting persons, each marked as a Director and 10% owner.

When was the Form 4 signed and filed?

The signatures on the filing are dated 08/19/2025 indicating the filing was completed and signed that date.

Were any derivative securities reported on this Form 4?

No. The filing reports only a non-derivative common stock purchase; Table II for derivatives contains no entries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/19/2025 - 09:47 AM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
08/18/2025

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	08/18/2025		P		1,600	A	$34.46	4,062,461	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	08/19/2025
	Boaz Weinstein	08/19/2025
	** 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.