Insider Purchases: Saba Capital and Boaz Weinstein Add ASA Shares

Rhea-AI Filing Summary

Saba Capital Management, L.P. and individual reporting person Boaz Weinstein disclosed purchases of common stock of ASA Gold & Precious Metals Ltd (ASA). On 08/14/2025 Saba reported acquiring 8,310 shares at $33.89 per share and on 08/15/2025 acquiring 10,000 shares at $34.53. Following these transactions, the reporting persons disclosed beneficial ownership of 4,060,861 shares on an indirect basis. The filing identifies the reporting persons as a Director and a 10% owner. The Form 4 is signed and dated 08/18/2025.

Positive

• Reported purchases increased holdings by 18,310 shares via two transactions (8,310 and 10,000 shares) at $33.89 and $34.53.
• Substantial indirect beneficial ownership remains at 4,060,861 shares following the reported purchases.
• Filing clearly discloses relationship to issuer as Director and 10% owner and includes signatures dated 08/18/2025.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insiders increased indirect holdings modestly through two purchases totaling 18,310 shares at ~$34 per share.

The filing shows two non-derivative purchases executed on 08/14/2025 and 08/15/2025 totaling 18,310 shares at prices of $33.89 and $34.53. Ownership after the transactions is reported as 4,060,861 shares indirectly, indicating substantial existing exposure. These are straightforward open-market purchases reported on Form 4 with no derivatives or dispositions disclosed.

Corporate Governance Expert

TL;DR: Disclosure is routine and complete for the listed transactions; relationship to issuer is clearly stated.

The Form 4 identifies the reporting entities as a director and 10% owner and provides transaction dates, amounts, and prices, with signatures dated 08/18/2025. Transactions are coded as purchases and reported as indirect ownership. There are no amendments, dispositions, or plan-based transactions noted 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

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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)
08/14/2025

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	08/14/2025		P		8,310	A	$33.89	4,050,861	I	-
Common Stock	08/15/2025		P		10,000	A	$34.53	4,060,861	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	08/18/2025
	Boaz Weinstein	08/18/2025
	** 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 insider transactions did ASA (ASA) report on this Form 4?

The filing reports two purchases: 8,310 shares on 08/14/2025 at $33.89 and 10,000 shares on 08/15/2025 at $34.53.

Who filed the Form 4 for ASA and what is their relationship to the company?

The Form 4 was filed by Saba Capital Management, L.P. and Boaz Weinstein, each identified as a Director and a 10% owner.

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

After the reported purchases, the filing shows 4,060,861 shares beneficially owned on an indirect basis.

Were any derivative transactions or dispositions reported in this Form 4 for ASA?

No derivative transactions or dispositions are reported; Table II is empty and only non-derivative purchases are listed.

When were the transactions and when was the Form 4 signed?

Transactions occurred on 08/14/2025 and 08/15/2025. The Form 4 is signed and dated 08/18/2025.