Form 4: Saba Capital Increases Indirect Stake in ASA to 4.66M Shares

Rhea-AI Filing Summary

Saba Capital Management, L.P. reported a purchase of 5,779 shares of ASA Gold & Precious Metals Ltd (ASA) on 09/19/2025 at a reported price of $41.78 per share. After the transaction the reporting person beneficially owned 4,656,677 shares indirectly. The Form 4 lists Saba as a director and 10% owner and was signed on 09/23/2025.

Positive

• Insider purchase disclosed: reporting person acquired 5,779 shares at $41.78, showing continued investment activity.
• Timely and complete filing: Form 4 signed and dated, including post-transaction beneficial ownership of 4,656,677 shares.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider purchase recorded; indicates routine incremental buying, not a material change.

The Form 4 documents an open-market purchase of 5,779 ASA shares at $41.78, increasing indirect beneficial ownership to 4,656,677 shares. Given the size of the reported transaction relative to total reported holdings, this is a modest acquisition and does not, by itself, appear materially impactful to company capitalization or control. Disclosure is timely and follows Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Proper Section 16 reporting by an insider; no governance red flags in the filing.

The filing identifies Saba Capital Management as a reporting person with director status and indicates indirect ownership. The Form 4 is signed and dated, and records the purchase price and post-transaction holdings. There are no amendments, dispositions, or derivative transactions reported, and no information in the form suggests compliance concerns.

Insider Trade Summary

Net Buyer: 5,779 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 5,779 shs ($241K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,779	$41.78	$241K

Holdings After Transaction: Common Stock — 4,656,677 shares (Indirect, -)

FAQ

What transaction did Saba Capital report for ASA (ticker ASA)?

The filing reports the purchase of 5,779 shares of ASA on 09/19/2025 at a price of $41.78 per share.

How many ASA shares does the reporting person own after the transaction?

After the reported purchase the reporting person beneficially owned 4,656,677 shares indirectly.

What is the relationship of the reporting person to ASA?

The Form lists the reporting person as a Director and a 10% Owner of ASA.

When was the Form 4 signed?

The Form 4 signatures are dated 09/23/2025.

Were any derivative transactions reported on this Form 4?

No derivative securities or related transactions are reported in Table II of this Form 4.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/23/2025 - 01:36 PM 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)
09/19/2025

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	09/19/2025		P		5,779	A	$41.78	4,656,677	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	09/23/2025
	Boaz Weinstein	09/23/2025
	** 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.