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

Saba/Weinstein Report Purchases in ASA Totalling 33,459 Shares

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

Rhea-AI Filing Summary

Insider purchases reported for ASA Gold & Precious Metals Ltd (ASA). Saba Capital Management, L.P. and individual reporting person Boaz Weinstein, each listed as a director and 10% owner, reported purchases of common stock on 09/04/2025 and 09/05/2025. Transactions: 24,150 shares at $38.52 on 09/04/2025 and 9,309 shares at $39.20 on 09/05/2025. Total beneficial ownership following the transactions is reported as 4,236,034 shares (indirect).

Positive

  • Insider purchases reported on 09/04/2025 and 09/05/2025 indicating acquisition rather than sale
  • Timely and signed disclosure by Saba Capital Management, L.P. and Boaz Weinstein on 09/08/2025
  • Total post-transaction beneficial ownership reported as 4,236,034 shares (indirect)

Negative

  • None.

Insights

TL;DR: Directors/10% owner reported modest open-market purchases totaling 33,459 shares at ~ $38.7 average, increasing indirect ownership to 4,236,034 shares.

The Form 4 shows two purchase transactions: 24,150 shares at $38.52 and 9,309 shares at $39.20, executed on consecutive days. These are reported as indirect holdings, and the combined purchases total 33,459 shares. The disclosure confirms continued insider accumulation rather than disposition. The filing does not provide context on percent ownership of outstanding shares or intent behind the purchases.

TL;DR: Insiders and affiliated investment manager increased their indirect stake via two purchases; disclosure is timely and properly signed.

The Form 4 is filed for Saba Capital Management, L.P. and Boaz Weinstein, each identified as a director and 10% owner. Transactions are coded as purchases and the form includes manual signatures dated 09/08/2025. The filing appears procedural and complies with Section 16 reporting format; it does not indicate any changes to board composition or control beyond the ownership figures reported.

Insider Saba Capital Management, L.P., Weinstein Boaz
Role 10% Owner | 10% Owner
Bought 33,459 shs ($1.30M)
Type Security Shares Price Value
Purchase Common Stock 9,309 $39.20 $365K
Purchase Common Stock 24,150 $38.52 $930K
Holdings After Transaction: Common Stock — 4,236,034 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)
09/04/2025
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 09/04/2025 P 24,150 A $38.52 4,226,725 I -
Common Stock 09/05/2025 P 9,309 A $39.2 4,236,034 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 09/08/2025
Boaz Weinstein 09/08/2025
** 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 on the ASA Form 4?

Two purchases: 24,150 shares at $38.52 on 09/04/2025 and 9,309 shares at $39.20 on 09/05/2025.

Who filed the Form 4 for ASA (ASA)?

Saba Capital Management, L.P. and reporting person Boaz Weinstein, each listed as a director and 10% owner.

What is the reported beneficial ownership after these transactions?

4,236,034 shares reported as indirect beneficial ownership following the transactions.

When were the Form 4 transactions signed and filed?

Signed and dated 09/08/2025 according to the signature block on the form.

Were any sales or derivative transactions reported in this Form 4?

No derivative transactions or sales are reported; Table II is blank and Table I shows only purchases.