ASA insider reports open‑market purchases and higher holdings

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd reported insider open‑market purchases of common stock on 10/21/2025 and 10/22/2025. The reporting person bought 24,550 shares at $45.20 and 20,540 shares at $44.77, respectively. Following the trades, indirect beneficial ownership was 4,989,293 shares after 10/21 and 5,009,833 shares after 10/22.

Insights

Equity Ownership Analyst

Insider increased indirect holdings by 45,090 shares across two open-market purchases, modestly raising an already large beneficial stake.

On 10/21/2025 and 10/22/2025, a reporting person identified as a Director and 10% Owner reported two transactions with code "P" in common stock. The purchases totaled 45,090 shares at weighted prices of $45.20 and $44.77. Beneficial ownership rose from 4,989,293 to 5,009,833 shares, held on an indirect basis.

The change represents roughly 0.9% growth in the filer’s reported beneficial position over the two days, indicating incremental accumulation rather than a structural shift. Ownership is reported as indirect (through related entities), which matters for understanding control and economic exposure but does not change the share count outcome disclosed.

Key items to watch: any continued accumulation, shifts between indirect and direct forms, or future filings that alter the size or nature of this holding. The next relevant datapoint would be any subsequent Form 4 following 10/23/2025 that updates transaction activity or beneficial ownership totals.

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)
10/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	10/21/2025		P		24,550	A	$45.2	4,989,293	I	-
Common Stock	10/22/2025		P		20,540	A	$44.77	5,009,833	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

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	10/23/2025
	Boaz Weinstein	10/23/2025
	** 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 report on Form 4?

The reporting person made two open‑market purchases: 24,550 shares at $45.20 on 10/21/2025 and 20,540 shares at $44.77 on 10/22/2025.

What is the reporting person’s ownership after the trades for ASA (ASA)?

Indirect beneficial ownership was 4,989,293 shares after the 10/21/2025 trade and 5,009,833 shares after the 10/22/2025 trade.

Were these ASA transactions purchases or sales?

They were purchases reported with transaction code P (open‑market or private purchase).

How were the ASA shares held after the transactions?

The Form 4 lists the holdings as Indirect (I) beneficial ownership.

What security class was involved in these ASA transactions?

Common Stock of ASA Gold & Precious Metals Ltd.

Was the Form 4 filed for one or multiple reporting persons?

It was marked as Form filed by One Reporting Person.