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

Insider Purchases Raise ASA Indirect Holdings to 3.36M Shares

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

Rhea-AI Filing Summary

ASA Gold & Precious Metals reported insider purchases by Saba Capital Management, L.P. and director Boaz Weinstein totaling 104,809 common shares across 08/07/2025 and 08/08/2025. Purchases were at $34.73 and $35.22, increasing reported indirect beneficial ownership to 3,358,646 shares. The filing shows no derivative transactions.

Positive

  • Insider purchases totaling 104,809 shares reported across two days, showing active acquisition of common stock.
  • Reported indirect ownership rose to 3,358,646 shares, with no derivative positions disclosed in the filing.

Negative

  • None.

Insights

TL;DR: Insider buys of 104,809 shares at ~$34.73–$35.22 raised Saba/Weinstein indirect holdings to 3.36M shares.

The Form 4 discloses two purchases totaling 104,809 shares executed on 08/07/2025 and 08/08/2025 at reported prices of $34.73 and $35.22. Aggregate consideration for the two purchases is approximately $3.66 million, implying an average price near $34.89 per share. The filing lists only common stock acquisitions and reports no derivative activity, leaving the change in economic exposure confined to the purchased shares.

TL;DR: A director and 10% owner increased indirect ownership via two open-market purchases; disclosures appear straightforward and complete for reported items.

The reporting parties are Saba Capital Management, L.P. and Boaz Weinstein, each indicated as a director and 10% owner where applicable. The Form 4 records indirect beneficial ownership increases to 3,322,869 and then 3,358,646 shares following the two transactions. Table II lists no derivative securities, and the form is presented as a joint filing by multiple reporting persons.

Insider Saba Capital Management, L.P., Weinstein Boaz
Role 10% Owner | 10% Owner
Bought 104,809 shs ($3.66M)
Type Security Shares Price Value
Purchase Common Stock 35,777 $35.22 $1.26M
Purchase Common Stock 69,032 $34.73 $2.40M
Holdings After Transaction: Common Stock — 3,358,646 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)
08/07/2025
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 08/07/2025 P 69,032 A $34.73 3,322,869 I -
Common Stock 08/08/2025 P 35,777 A $35.22 3,358,646 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 08/11/2025
Boaz Weinstein 08/11/2025
** 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 insider transactions did ASA report in this Form 4?

The Form 4 reports two purchases of ASA common stock on 08/07/2025 and 08/08/2025 totaling 104,809 shares.

How many shares were acquired and at what prices?

69,032 shares were bought at $34.73 and 35,777 shares were bought at $35.22.

What was the reported beneficial ownership after the transactions?

Beneficial ownership reported after the transactions was 3,322,869 shares following the first purchase and 3,358,646 shares after the second.

Who filed the Form 4 for ASA?

The filing names Saba Capital Management, L.P. and Boaz Weinstein as reporting persons; both are indicated as a director and 10% owner where shown.

Were any derivative securities reported in the Form 4?

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

Does the Form 4 indicate the trades were made under a 10b5-1 plan?

The form includes a general checkbox option for Rule 10b5-1 plans, but the document does not indicate that these specific transactions were made pursuant to a 10b5-1 plan.