ASA insider Saba Capital buys 37,280 shares in Nov 2025

ASA Gold & Precious Metals Ltd (ASA) reported insider buying by major shareholder Saba Capital Management, L.P., which files as a 10% owner and director-level insider.

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd (ASA) reported insider buying by major shareholder Saba Capital Management, L.P., which files as a 10% owner and director-level insider. On 11/20/2025, the reporting person indirectly purchased 27,496 shares of common stock at $47.41 per share. On 11/21/2025, they indirectly purchased an additional 9,784 shares at $46.94 per share.

Following these two open-market purchases, the reporting person beneficially owned 5,251,108 ASA common shares in indirect form. The filing is made on a Form 4 for one reporting person and reflects non-derivative equity accumulation, with no derivative securities reported.

Insider Trade Summary

Net Buyer: 37,280 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 37,280 shs ($1.76M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	9,784	$46.94	$459K
Purchase	Common Stock	27,496	$47.41	$1.30M

Holdings After Transaction: Common Stock — 5,251,108 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ASA (ASA Gold & Precious Metals Ltd) report?

The company reported a Form 4 filing showing that a 10% owner, Saba Capital Management, L.P., made two indirect open-market purchases of ASA common stock in November 2025.

How many ASA shares did the insider buy in this Form 4 filing?

The reporting person bought 27,496 ASA common shares on 11/20/2025 at $47.41 per share and 9,784 shares on 11/21/2025 at $46.94 per share.

What is the insider’s total beneficial ownership in ASA after these trades?

After the reported transactions, the reporting person beneficially owned 5,251,108 ASA common shares, held indirectly.

What is the relationship of the reporting person to ASA?

The reporting person, Saba Capital Management, L.P., is identified as a 10% owner of ASA Gold & Precious Metals Ltd, with the Form 4 filed for one reporting person.

Were any derivative securities reported in this ASA Form 4?

No derivative securities were reported; Table II for derivative securities contains no entries, indicating only non-derivative common stock transactions.

Were the ASA insider purchases reported as direct or indirect ownership?

The acquired common shares are shown as indirect ownership, with the ownership form marked as "I" in the Form 4 tables.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/24/2025 - 10:57 AM Learn about SEC filing dates

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)
11/20/2025

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	11/20/2025		P		27,496	A	$47.41	5,241,324	I	-
Common Stock	11/21/2025		P		9,784	A	$46.94	5,251,108	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	11/24/2025
	Boaz Weinstein	11/24/2025
	** 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.