BlackRock Capital Allocation director acquires 1,840 shares

The $13.30 subscription price applied to rights that generally allowed one new share per five Rights, with one share available to holders owning fewer than five shares.

Available on EDGAR 10/29/2026 - 04:29 PM EDT Accepted by SEC EDGAR 10/29/2026 - 04:28 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock Capital Allocation Term Trust director Robert W. Fairbairn exercised 9,200 transferable subscription rights on October 27, 2026, and acquired 1,840 common shares. His reported direct common-share holdings after the transaction were 11,044 shares. The Trust’s rights offering set a subscription price of $13.30 per share and generally provided one new share for every five Rights; holders with fewer than five common shares on the September 25, 2026 record date could subscribe for one share.

Insider Trade Summary

9,200 shares exercised/converted

Exercise 2 txns

Insider Fairbairn Robert W

Role Director

Type	Security	Shares	Price	Value
In-the-Money Exercise	Transferable Subscription Rights (Right to Buy) F1, F2	9,200	--	--
In-the-Money Exercise	Common Stock F2, F1	1,840	--	--

Holdings After Transaction: Transferable Subscription Rights (Right to Buy) — 0 contracts (Direct); Common Stock — 11,044.0268 shares (Direct)

Holdings Before and After: Transferable Subscription Rights (Right to Buy), 9,200 to 0 contracts (Direct); Common Stock, 9,204.0268 to 11,044.0268 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

Subscription rights exercised: 9,200 rights Common shares acquired: 1,840 shares Direct common shares held after transaction: 11,044 shares +3 more

6 metrics

Subscription rights exercised 9,200 rights Reported on October 27, 2026

Common shares acquired 1,840 shares Issued on October 27, 2026

Direct common shares held after transaction 11,044 shares Reported following the transaction

Subscription price $13.30 per common share Rights Offering terms

Rights subscription ratio 1 new common share for every 5 Rights Rights Offering terms

Rights Offering maximum Up to an aggregate of 21,255,200 common shares Rights Offering terms

Key Terms

Transferable Subscription Rights, pro rata offering, Record Date Shareholders, subscription price

4 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.

subscription price financial

"The subscription price per common share was $13.30"

Subscription price is the set amount an investor pays to buy newly issued shares, bonds or units when a company offers them directly, such as in a rights issue or subscription offering. It matters because it determines how much an investor’s ownership cost will be, affects potential gains or losses and influences dilution of existing shareholders—think of it as a pre-order price that helps decide whether joining the new issue is worthwhile.

FAQ

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

How many BCAT shares did director Robert W. Fairbairn acquire?

Robert W. Fairbairn acquired 1,840 common shares on October 27, 2026, upon exercise of 9,200 transferable subscription rights. His reported direct common-share holdings after the transaction were 11,044 shares.

What were BCAT’s subscription-right terms?

The Trust’s pro rata Rights Offering provided one transferable Right for each outstanding whole common share held on September 25, 2026. The Rights generally allowed one new common share for every five Rights, while a holder owning fewer than five common shares on the record date could subscribe for one share. The subscription price was $13.30 per common share.

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

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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^*

Fairbairn Robert W

(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)

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

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		1,840	A	(1)	11,044.0268	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			9,200	09/25/2026	10/21/2026	Common Stock	1,840	(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)