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

ASA Gold & Precious Metals Ltd reporting persons Saba Capital Management, L.P. and Boaz Weinstein disclosed a Form 4 showing an insider purchase on 08/25/2025.

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd reporting persons Saba Capital Management, L.P. and Boaz Weinstein disclosed a Form 4 showing an insider purchase on 08/25/2025. The filing shows an acquisition of 7,520 shares of common stock at a price of $36.51 per share. After the purchase, the reporting persons beneficially own 4,085,154 shares indirectly. Both filers are identified as a director and a 10% owner.

Insights

Securities Analyst

TL;DR: Small insider purchase by a 10% owner increases indirect stake to 4,085,154 shares; transaction is routine and not materially transformative.

The Form 4 documents an open-market purchase of 7,520 shares at $36.51 on 08/25/2025 by Saba Capital Management, L.P., with Boaz Weinstein also listed. The filing indicates indirect beneficial ownership totaling 4,085,154 shares post-transaction. For most investors, this size of incremental purchase relative to reported holdings is modest and unlikely to change the company’s governance or capital structure. It is a confirmatory data point about insider engagement but does not, by itself, signal a material shift.

Corporate Governance Expert

TL;DR: Director and 10% owner reported a routine purchase; disclosure meets Section 16 requirements and shows continued insider involvement.

The disclosure complies with Section 16 reporting norms and records a purchase rather than a sale, which is generally viewed favorably from a governance transparency perspective. The transaction was filed with signatures dated 08/26/2025. There is no indication of derivative activity or plan-based transactions in this filing. Given the indirect ownership form, investors should refer to other filings for the underlying ownership structure if needed.

Insider Trade Summary

Net Buyer: 7,520 shares

Net Buy 1 txn

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

Role 10% Owner | 10% Owner

Bought 7,520 shs ($275K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	7,520	$36.51	$275K

Holdings After Transaction: Common Stock — 4,085,154 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction does the ASA Form 4 report?

The Form 4 reports an open-market purchase of 7,520 shares of ASA common stock at $36.51 per share on 08/25/2025.

Who filed the Form 4 for ASA (ticker 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.

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

Following the purchase the reporting persons beneficially own 4,085,154 shares, held indirectly.

Does the Form 4 show any derivative transactions for ASA?

No. Table II for derivative securities shows no entries; only a non-derivative common stock purchase is reported.

When was the Form 4 signed and filed?

The signatures on the filing are dated 08/26/2025 as shown on the form.

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

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Accepted by SEC EDGAR 08/26/2025 - 09:25 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)
08/25/2025

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	08/25/2025		P		7,520	A	$36.51	4,085,154	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	08/26/2025
	Boaz Weinstein	08/26/2025
	** 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.