BlackRock Capital Allocation VP acquires 1,407 shares

The offering set a $13.30 subscription price and allowed one new common share for every five rights, with one share available to holders of fewer than five.

Available on EDGAR 10/29/2026 - 04:37 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:36 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock Capital Allocation Term Trust Vice President Stephen Thomas Minar reported exercising 7,035 transferable subscription rights for 1,407 common shares, issued on October 27, 2026. The subscription price was $13.30 per share; holders could subscribe for one new common share for every five rights, while holders of fewer than five common shares on the September 25, 2026 record date could subscribe for one share. Minar's reported direct common-stock holdings after the transaction were 8,348 shares.

Insider Trade Summary

7,035 shares exercised/converted

Exercise 2 txns

Insider Minar Stephen Thomas

Role Vice President

Type	Security	Shares	Price	Value
In-the-Money Exercise	Transferable Subscription Rights (Right to Buy) F1, F2	7,035	--	--
In-the-Money Exercise	Common Stock F2, F1	1,407	--	--

Holdings After Transaction: Transferable Subscription Rights (Right to Buy) — 0 contracts (Direct); Common Stock — 8,348.3306 shares (Direct)

Holdings Before and After: Transferable Subscription Rights (Right to Buy), 7,035 to 0 contracts (Direct); Common Stock, 6,941.3306 to 8,348.3306 shares (Direct)

Footnotes (2)

1. F1. On September 10, 2026, BlackRock Capital Allocation Term Trust (the "Fund") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Fund's common shares as of the record date of September 25, 2026 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 21,255,200 of the Fund's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every five Rights held; however, any Record Date Shareholder who owns fewer than five common shares as of the close of business on the Record Date will be entitled to subscribe for one common share. The subscription price per common share was $13.30.
2. F2. Issuance date for the common shares.

Key Figures

Transferable subscription rights exercised: 7,035 rights Common shares acquired: 1,407 shares Subscription price: $13.30 per common share +2 more

5 metrics

Transferable subscription rights exercised 7,035 rights Reported in the October 27, 2026 transaction

Common shares acquired 1,407 shares Issued October 27, 2026

Subscription price $13.30 per common share BCAT rights offering

Direct common shares following transaction 8,348 shares Reported position after the transaction

Rights offering share limit 21,255,200 common shares Aggregate amount available for subscription

Key Terms

transferable subscription rights, pro rata offering, Record Date Shareholders

3 terms

transferable subscription rights financial

"pro rata offering of transferable subscription rights"

Transferable subscription rights are short-term entitlements given to existing shareholders allowing them to buy additional shares in a company at a fixed price, and to sell those entitlements to others if they do not want to exercise them. They matter to investors because they protect ownership stakes from dilution and create a tradable asset—like a coupon that can be used to buy discounted stock or sold for cash—affecting share value and portfolio decisions.

pro rata offering financial

"terms of a pro rata offering"

Record Date Shareholders financial

"holders of the Fund's common shares as of the record date"

Shareholders who are recorded on a company’s books as owning shares on a specific date set by the company to determine who is entitled to dividends, votes, or other corporate actions. Think of it like a snapshot or guest list: only people listed at that moment receive the benefit, so buying or selling stock right before or after that date can change whether an investor gets the payout or voting rights.

FAQ

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

How many BCAT shares did Stephen Thomas Minar receive through the rights exercise?

Stephen Thomas Minar received 1,407 BCAT common shares through the reported exercise of 7,035 transferable subscription rights, at a subscription price of $13.30 per share. The shares were issued on October 27, 2026, and his reported direct common-stock holdings afterward were 8,348 shares.

What were the terms of BCAT's rights offering?

The offering entitled holders of common shares as of September 25, 2026, to one right for each outstanding whole share held. Five rights entitled the holder to subscribe for one new common share; a holder with fewer than five common shares on the record date could subscribe for one share. The offering covered up to 21,255,200 common shares at $13.30 per share.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Minar Stephen Thomas

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NEW YORK 10001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BlackRock Capital Allocation Term Trust [ BCAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	10/27/2026(2)		X		1,407	A	(1)	8,348.3306	D

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
Transferable Subscription Rights (Right to Buy)(1)	(1)	10/27/2026(2)		X			7,035	09/25/2026	10/21/2026	Common Stock	1,407	(1)	0	D

Explanation of Responses:

1. On September 10, 2026, BlackRock Capital Allocation Term Trust (the "Fund") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Fund's common shares as of the record date of September 25, 2026 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 21,255,200 of the Fund's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every five Rights held; however, any Record Date Shareholder who owns fewer than five common shares as of the close of business on the Record Date will be entitled to subscribe for one common share. The subscription price per common share was $13.30.

2. Issuance date for the common shares.

	/s/ Gladys Chang as Attorney-in-Fact	10/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)