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

Director Boaz Weinstein and Saba Increase ASA Stake With Two Purchases

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Saba Capital Management and director Boaz Weinstein reported purchases of ASA Gold & Precious Metals Ltd common stock on September 2-3, 2025. Saba acquired 70,108 shares at $38.64 on 09/02/2025 and 30,460 shares at $38.88 on 09/03/2025, bringing indirect beneficial ownership to 4,202,575 shares. The filings show the transactions were reported on Form 4 and signed on 09/04/2025.

Positive

  • Insider purchases reported: Saba Capital acquired 100,568 shares over two days, indicating active accumulation.
  • Material holder participation: Reporting persons include a director and a 10% owner, increasing indirect ownership to 4,202,575 shares.

Negative

  • None.

Insights

TL;DR: Significant insider purchases increase a major shareholder's stake, signaling confidence from a sizable holder.

The two reported purchases totaling 100,568 shares at prices near $38.70 add to Saba Capital's indirect position, raising beneficial ownership to 4,202,575 shares. From a quantitative perspective, the transactions are direct buys of common stock (codes P) executed over two days, suggesting active accumulation rather than one-off trading. For investors, insider purchases by a 10% owner and director can be interpreted as a supportive signal; however, this Form 4 provides no context on total outstanding shares or proportional ownership change, limiting valuation impact analysis.

TL;DR: Director and 10% owner increased holdings; filing is routine and properly disclosed.

The filing identifies Saba Capital Management and Boaz Weinstein as reporting persons with director status and 10% ownership. Transactions are disclosed on Form 4 with signatures dated 09/04/2025, indicating compliance with Section 16 reporting. The Form shows indirect ownership and uses transaction code P, denoting purchases. There is no indication of derivative activity or trading plan language in the provided text. The disclosure appears complete for the transactions reported.

Insider Saba Capital Management, L.P., Weinstein Boaz
Role 10% Owner | 10% Owner
Bought 100,568 shs ($3.89M)
Type Security Shares Price Value
Purchase Common Stock 30,460 $38.88 $1.18M
Purchase Common Stock 70,108 $38.64 $2.71M
Holdings After Transaction: Common Stock — 4,202,575 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)
09/02/2025
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 09/02/2025 P 70,108 A $38.64 4,172,115 I -
Common Stock 09/03/2025 P 30,460 A $38.88 4,202,575 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 09/04/2025
Boaz Weinstein 09/04/2025
** 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 were reported for ASA (ASA) on this Form 4?

The Form 4 reports purchases of common stock: 70,108 shares at $38.64 on 09/02/2025 and 30,460 shares at $38.88 on 09/03/2025.

Who filed the Form 4 for ASA and what are their roles?

Saba Capital Management, L.P. and Boaz Weinstein are reporting persons; both are listed as a director and a 10% owner.

What is the beneficial ownership after the reported transactions?

The filings show indirect beneficial ownership totaling 4,202,575 shares following the reported purchases.

When were the Form 4 transactions and filings dated?

Transactions occurred on 09/02/2025 and 09/03/2025; the Form 4 was signed/reported on 09/04/2025.

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

No derivative securities are reported in the provided Table II; only common stock purchases are shown.