Form 4: Saba Capital Adds 25,870 Shares of ASA; Indirect Stake 4.65M

Rhea-AI Filing Summary

Saba Capital Management, L.P. filed a Form 4 reporting purchases of ASA Gold & Precious Metals Ltd (ASA) common stock on 09/17/2025 and 09/18/2025. The filing shows 16,670 shares bought at $41.30 on 09/17/2025 and 9,200 shares bought at $40.64 on 09/18/2025, increasing indirect beneficial ownership to 4,650,898 shares. The filing is signed by Zachary Gindes and Boaz Weinstein on 09/19/2025 and lists the reporting person as a director and 10% owner.

Positive

• Two purchases disclosed: 16,670 shares at $41.30 and 9,200 shares at $40.64
• Increased beneficial ownership: indirect holdings rose to 4,650,898 shares as reported

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases total 25,870 ASA shares, raising indirect stake to 4,650,898 shares, signaling increased ownership by a 10% holder.

The Form 4 documents two purchases coded "P": 16,670 shares at $41.30 and 9,200 shares at $40.64, executed on consecutive days. Combined purchases total 25,870 shares and are recorded as indirect holdings, raising reported beneficial ownership to 4,650,898 shares. Transactions are signed by representatives of Saba Capital on 09/19/2025. For investors, this is a concrete disclosure of additional insider accumulation by a reporting 10% owner.

Corporate Governance Expert

TL;DR: A named reporting entity and its principals manually signed the Form 4, documenting routine insider purchases and updated indirect ownership.

The filing identifies Saba Capital Management, L.P. as the reporting person with a New York address and checks the boxes indicating a director relationship and 10% ownership. The signature block includes two individuals, confirming authorized filing. The document is a standard Section 16 disclosure of share acquisitions and updates indirect beneficial ownership figures accordingly.

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
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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)
09/17/2025

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	09/17/2025		P		16,670	A	$41.3	4,641,698	I	-
Common Stock	09/18/2025		P		9,200	A	$40.64	4,650,898	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	09/19/2025
	Boaz Weinstein	09/19/2025
	** 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 transactions were reported on the ASA Form 4?

The filing reports two purchases: 16,670 shares at $41.30 on 09/17/2025 and 9,200 shares at $40.64 on 09/18/2025.

How many ASA shares does Saba Capital report owning after these transactions?

The Form 4 shows 4,650,898 shares beneficially owned indirectly after the reported transactions.

Who signed the Form 4 for Saba Capital?

The filing is signed by Zachary Gindes and Boaz Weinstein with signature dates of 09/19/2025.

What relationship to ASA is indicated for the reporting person?

The form checks the boxes indicating the reporting person is a Director and a 10% owner.

Were the reported purchases direct or indirect?

The Form 4 records the ownership form as Indirect (I) for the reported common stock purchases.