ASA Gold & Precious Metals director reports stock distribution, buy

ASA Gold & Precious Metals Ltd reported insider activity by Saba Capital Management, L.P., which is identified as a director and indirect owner.

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd reported insider activity by Saba Capital Management, L.P., which is identified as a director and indirect owner. On 11/28/2025, Saba disposed of 11,759 shares of common stock at $0 per share in a transaction coded J, described as a pro-rata in-kind distribution for no consideration. Following this, it held 5,246,632 shares indirectly.

On 12/01/2025, Saba acquired 9,560 shares of ASA common stock in an open-market purchase coded P at a price of $53.46 per share, bringing its indirect beneficial ownership to 5,256,192 shares. All holdings are reported as indirectly owned.

Insider Trade Summary

Net Buyer: 9,560 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 9,560 shs ($511K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	9,560	$53.46	$511K
Other	Common Stock	11,759	$0.00	$0.00

Holdings After Transaction: Common Stock — 5,256,192 shares (Indirect, -)

Footnotes (1)

1. F1. Pro-rata distribution in-kind for no consideration.

FAQ

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

What insider transactions were reported for ASA Gold & Precious Metals Ltd (ASA)?

The reporting person disclosed two transactions in ASA common stock: a pro-rata in-kind distribution of 11,759 shares on 11/28/2025 at $0 per share, and a purchase of 9,560 shares on 12/01/2025 at $53.46 per share.

Who is the reporting person in this ASA Form 4 filing?

The reporting person is Saba Capital Management, L.P., which is listed as a director and indirect owner of ASA Gold & Precious Metals Ltd.

How many ASA shares does Saba Capital Management, L.P. beneficially own after the reported transactions?

After the transactions, Saba Capital Management, L.P. reports indirect beneficial ownership of 5,256,192 shares of ASA common stock.

What does the J transaction code mean in the ASA insider report?

The J transaction code is explained as a pro-rata distribution in-kind for no consideration, covering the 11,759 shares disposed of on 11/28/2025.

At what price were the ASA shares purchased in the reported insider trade?

The reported purchase on 12/01/2025 of 9,560 ASA common shares was executed at a price of $53.46 per share.

Is the ASA ownership reported as direct or indirect by Saba Capital Management, L.P.?

All ASA common stock holdings in this report are shown as indirectly owned by Saba Capital Management, L.P.

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

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Accepted by SEC EDGAR 12/02/2025 - 10:18 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)
11/28/2025

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	11/28/2025		J(1)		11,759	D	$0	5,246,632	I	-
Common Stock	12/01/2025		P		9,560	A	$53.46	5,256,192	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:

1. Pro-rata distribution in-kind for no consideration.

	Saba Capital Management, L.P. By: Zachary Gindes	12/02/2025
	Boaz Weinstein	12/02/2025
	** 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.