ASA Form 4: insider purchases reported; indirect stake 4,847,405

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd disclosed insider share purchases by a director on Form 4. On 10/14/2025, the reporting person bought 31,833 common shares at $50.01. On 10/15/2025, they bought 13,170 shares at $51.71. After these trades, the filer reported 4,847,405 shares of indirect beneficial ownership.

Insights

Equity Ownership & Governance Analyst

Insider purchased 45,003 shares across two days, lifting indirect holdings to 4,847,405.

ASA Gold & Precious Metals Ltd reported open-market purchases (code "P") on 10/14/2025 and 10/15/2025. The reporting person acquired 31,833 shares at $50.01 and 13,170 shares at $51.71, respectively. Following these transactions, indirect beneficial ownership stands at 4,847,405 shares.

Form 4 is a Section 16 filing that discloses changes in insider ownership. Purchases by a reporting person increase their economic exposure and can tighten the public float at the margin. The filing lists no derivative activity; the change is entirely in non-derivative common stock and held indirectly.

Key items to watch: any continued accumulation in subsequent Section 16 filings and whether ownership levels change materially from the current 4,847,405 indirect shares. The next few weeks of filings will clarify whether this was a one-off or part of a larger pattern.

Insider Trade Summary

Net Buyer: 45,003 shares ($2,272,989)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 45,003 shs ($2.27M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	13,170	$51.71	$681K
Purchase	Common Stock	31,833	$50.01	$1.59M

Holdings After Transaction: Common Stock — 4,847,405 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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)
10/14/2025

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	10/14/2025		P		31,833	A	$50.01	4,834,235	I	-
Common Stock	10/15/2025		P		13,170	A	$51.71	4,847,405	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	10/16/2025
	Boaz Weinstein	10/16/2025
	** 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

Who reported the transactions for ASA (ASA)?

The filing lists Saba Capital Management, L.P. (by Zachary Gindes) with signature by Boaz Weinstein as the reporting person.

What did the ASA insider buy and at what prices?

Common stock purchases: 31,833 shares at $50.01 on 10/14/2025 and 13,170 shares at $51.71 on 10/15/2025.

How many ASA shares are beneficially owned after the trades?

The Form 4 shows 4,847,405 shares beneficially owned indirectly after the reported transactions.

What is the reporting person’s relationship to ASA (ASA)?

The form indicates the reporting person is a Director.

Were the ASA shares held directly or indirectly?

The ownership form is marked Indirect (I) for the reported holdings.

What transaction code is shown for the ASA trades?

Transaction code P, indicating purchases.