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

Saba Capital and Boaz Weinstein Purchase Shares of ASA, Form 4 Filed

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Saba Capital Management, L.P. and Boaz Weinstein reported purchases of common stock of ASA Gold & Precious Metals Ltd (ASA) on 08/21/2025 and 08/22/2025. The Form 4 shows purchases (code P) of 610 shares at $35.05 on 08/21/2025 and 4,620 shares at $35.97 on 08/22/2025, a combined 5,230-share increase. Following these transactions, indirect beneficial ownership is reported as 4,077,634 shares. Both reporting parties are identified as a Director and a 10% owner. No derivative securities are reported. The form is signed and dated 08/25/2025.

Positive

  • Insider buying: Purchases of 5,230 shares on 08/21/2025 and 08/22/2025 indicate insider accumulation.
  • Increased beneficial ownership: Indirect holdings rose to 4,077,634 shares after transactions.
  • Timely disclosure: Form 4 filed and signed on 08/25/2025, meeting reporting obligations.

Negative

  • None.

Insights

TL;DR: Insider purchases total 5,230 shares, modestly increasing reported indirect ownership to 4.08 million shares.

The Form 4 discloses two open-market purchase transactions coded as purchases on consecutive days, increasing indirect holdings to 4,077,634 shares. For investors, insider buying by a 10% owner and director can signal confidence in the issuer, though the absolute purchased amount is small relative to total reported holdings. No disposals or derivative activity were reported, so the change reflects accumulation rather than repositioning.

TL;DR: Director and 10% owner reporting incremental purchases; filing complies with Section 16 disclosure requirements.

The filing shows timely disclosure of beneficial ownership changes and includes required signatures. The purchases are reported as indirect ownership, suggesting holdings are held through an entity. There are no indications of material governance changes or compensatory grants in this Form 4.

Insider Saba Capital Management, L.P., Weinstein Boaz
Role 10% Owner | 10% Owner
Bought 5,230 shs ($188K)
Type Security Shares Price Value
Purchase Common Stock 4,620 $35.97 $166K
Purchase Common Stock 610 $35.05 $21K
Holdings After Transaction: Common Stock — 4,077,634 shares (Indirect, -)
Footnotes (1)
Form 4 Insider Transactions: What Each Field Means →
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)
08/21/2025
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 08/21/2025 P 610 A $35.05 4,073,014 I -
Common Stock 08/22/2025 P 4,620 A $35.97 4,077,634 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 08/25/2025
Boaz Weinstein 08/25/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Saba Capital (ASA) report on this Form 4?

The Form 4 reports purchases of 610 shares at $35.05 on 08/21/2025 and 4,620 shares at $35.97 on 08/22/2025.

How many shares does the reporting person beneficially own after the transactions?

Following the reported transactions, indirect beneficial ownership is 4,077,634 shares.

Who filed the Form 4 for ASA?

The filing lists Saba Capital Management, L.P. and Boaz Weinstein as reporting persons; both are identified as a Director and a 10% owner.

Were any derivative securities reported in this Form 4 for ASA?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned.

When was the Form 4 signed?

The signature block shows dates of 08/25/2025 for the reporting persons.