Boaz Weinstein/Saba Capital reports purchase; ASA holdings now 4.07M shares

Rhea-AI Filing Summary

Saba Capital Management, L.P. and reporting person Boaz Weinstein reported a purchase of 9,943 shares of ASA Gold & Precious Metals Ltd common stock at $33.99 per share on 08/19/2025. After this transaction, the group beneficially owns 4,072,404 shares, held indirectly. The Form 4 identifies Weinstein as a director and a 10% owner and shows the purchase code P for an open-market acquisition.

Positive

• Insider accumulation: Purchase of 9,943 shares indicates continued buying by a director/10% owner
• Significant aggregate holding: Beneficial ownership increased to 4,072,404 shares held indirectly

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase increased indirect stake to over 4.07M shares, signaling continued insider accumulation.

The reported open-market purchase of 9,943 shares at $33.99 is a routine insider acquisition that raises the reporting group's indirect holdings to 4,072,404 shares. For investors, the key metric is the sizable aggregate indirect ownership, which reflects meaningful exposure by a 10% owner and director. Transaction size is modest relative to total holdings but confirms continued buying activity by the reporting group.

Corporate Governance Expert

TL;DR: Director and 10% owner made a disclosed purchase, complying with Section 16 reporting requirements.

The Form 4 discloses an insider purchase with the appropriate transaction code and indirect ownership designation. The filing indicates alignment with disclosure rules and shows no derivative transactions or dispositions reported. From a governance perspective, the filing provides clear, required transparency about insider holdings and recent open-market activity.

Insider Trade Summary

Net Buyer: 9,943 shares

Net Buy 1 txn

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

Role 10% Owner | 10% Owner

Bought 9,943 shs ($338K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	9,943	$33.99	$338K

Holdings After Transaction: Common Stock — 4,072,404 shares (Indirect, -)

FAQ

What transaction did Boaz Weinstein report for ASA (ASA)?

The Form 4 reports a purchase of 9,943 shares of ASA common stock at $33.99 per share executed on 08/19/2025.

How many ASA shares does Saba Capital Management/Boaz Weinstein beneficially own after the trade?

They beneficially own 4,072,404 shares following the reported transaction, held indirectly.

What is the reporting person's relationship to ASA?

The filing identifies the reporting person as a director and a 10% owner of ASA.

Was the transaction a purchase or a sale and what code was used?

The transaction was a purchase reported with transaction code P (open-market purchase).

Are there any derivative transactions reported in this Form 4?

No derivative securities are reported; only a non-derivative common stock purchase is disclosed.

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 08/21/2025 - 12:47 PM 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)
08/19/2025

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	08/19/2025		P		9,943	A	$33.99	4,072,404	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	08/21/2025
	Boaz Weinstein	08/21/2025
	** 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.