ASA: Saba Capital now holds 5,180,792 shares after insider buys

ASA Gold & Precious Metals Ltd (ASA) reported insider activity on Form 4 by Saba Capital Management, L.P.

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd (ASA) reported insider activity on Form 4 by Saba Capital Management, L.P. Purchases of common stock were reported on two dates: 3,994 shares at $48.35 on 11/10/2025 and 10,286 shares at $47.64 on 11/11/2025. Both were marked as acquisitions and as indirect ownership.

Following these transactions, the filing shows 5,180,792 shares beneficially owned indirectly. The filing indicates it was submitted by one reporting person.

Insights

Corporate Governance Analyst

Director and 10% owner reported open‑market share purchases, modestly increasing indirect beneficial ownership.

**ASA Gold & Precious Metals Ltd** reported insider activity on a Form 4. A Director who is also a **10% Owner** reported two open‑market purchases (code "P"): **3,994** shares on 11/10/2025 at $48.35 and **10,286** shares on 11/11/2025 at $47.64. Following these trades, indirect beneficial ownership increased to **5,180,792** shares.

The ownership is reported as **Indirect (I)**, indicating the shares are held through an entity rather than personally. The activity reflects incremental accumulation rather than a derivative or option-related transaction, as Table II shows no derivative entries. A 10% owner adding shares can signal alignment with long‑term equity outcomes, while also slightly increasing voting influence due to the higher stake.

Watch for subsequent Form 4s that show continued accumulation or any changes in status that could affect control dynamics. The concrete markers here are the trade dates (Nov 10–11, 2025), prices ($48.35, $47.64), and the updated beneficial stake (**5,180,792** shares). A short‑term read is limited to these reported transactions; any broader implications would depend on future filings.

Insider Trade Summary

Net Buyer: 14,280 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 14,280 shs ($683K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,286	$47.64	$490K
Purchase	Common Stock	3,994	$48.35	$193K

Holdings After Transaction: Common Stock — 5,180,792 shares (Indirect, -)

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Accepted by SEC EDGAR 11/12/2025 - 10:25 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)
11/10/2025

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	11/10/2025		P		3,994	A	$48.35	5,170,506	I	-
Common Stock	11/11/2025		P		10,286	A	$47.64	5,180,792	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	11/12/2025
	Boaz Weinstein	11/12/2025
	** 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.