Saba Capital/Boaz Weinstein Increases ASA Stake to 4.26M Shares

Rhea-AI Filing Summary

Insider purchase recorded: Saba Capital Management, L.P. and Boaz Weinstein reported on Form 4 that 24,510 shares of ASA Gold & Precious Metals Ltd (ASA) were acquired on 09/08/2025 at a price of $40.50 per share. After the transaction, the reporting persons beneficially own 4,260,544 shares indirectly. The filing identifies the reporting entities as directors and 10% owners.

Positive

• Insider purchase disclosed: Acquisition of 24,510 shares at $40.50 strengthens alignment between insiders and shareholders.
• Significant post-transaction holdings: Reporting persons beneficially own 4,260,544 shares indirectly, indicating substantial stake.
• Timely and properly executed filing: Form 4 includes signatures and dates (09/09/2025), meeting Section 16 disclosure norms.

Negative

• None.

Insights

Securities Analyst

TL;DR: A director/10% owner increased indirect holdings by 24,510 shares at $40.50, signaling a meaningful insider purchase.

The Form 4 shows a non-derivative acquisition of 24,510 common shares executed on 09/08/2025 at $40.50 each, resulting in an indirect beneficial ownership position of 4,260,544 shares. As a reporting director and 10% owner, this transaction is recorded under standard Section 16 reporting and may be interpreted as alignment with the issuer, though the filing contains no commentary on intent, plans, or any derivative activity.

Corporate Governance Expert

TL;DR: Form 4 documents an insider purchase by a major stakeholder; disclosure is timely and complete for the reported transaction.

The filing lists Saba Capital Management, L.P. and Boaz Weinstein as reporting persons, both identified as directors and 10% owners. The transaction code is "P" (acquisition pursuant to Rule 16b-3 transaction type), and signatures are dated 09/09/2025. There are no amendments or derivative positions disclosed. From a governance standpoint, the report adheres to Section 16 disclosure requirements; no compliance issues are evident in the document.

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
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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)
09/08/2025

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	09/08/2025		P		24,510	A	$40.5	4,260,544	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	09/09/2025
	Boaz Weinstein	09/09/2025
	** 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.

FAQ

What transaction did the ASA insider file on Form 4?

The filing reports an acquisition of 24,510 shares of ASA on 09/08/2025 at a price of $40.50 per share.

Who are the reporting persons in the ASA Form 4?

The reporting persons are Saba Capital Management, L.P. and Boaz Weinstein, each identified as a director and 10% owner.

How many ASA shares do the insiders own after the transaction?

Following the reported transaction, the insiders beneficially own 4,260,544 shares indirectly.

Was any derivative security disclosed in the ASA Form 4?

No derivative securities were disclosed; Table II (derivatives) contains no reported transactions.

When was the Form 4 signed and filed?

The signatures on the filing are dated 09/09/2025, following the 09/08/2025 transaction date.