STOCK TITAN
  1. Home
  2. Sec-filings
  3. BFZ
  4. [Form 4] BLACKROCK CA MUNICIPAL INC TR Insider Trading Activity

BFZ Form 4: Saba Capital Sells 63,847 Shares at ~$10.55

Saba Capital Management, L.P. and individual reporting person Boaz Weinstein reported sales of BlackRock California Municipal Income Trust (BFZ) common stock on 08/14/2025 and 08/15/2025.

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Saba Capital Management, L.P. and individual reporting person Boaz Weinstein reported sales of BlackRock California Municipal Income Trust (BFZ) common stock on 08/14/2025 and 08/15/2025. Saba sold 45,262 shares at $10.57 on 08/14/2025 and 18,585 shares at $10.52 on 08/15/2025. After these transactions, the filing shows 3,765,303 shares beneficially owned indirectly.

Positive

  • None.

Negative

  • Insider dispositions reported: 45,262 shares sold at $10.57 on 08/14/2025 and 18,585 shares sold at $10.52 on 08/15/2025.

Insights

TL;DR: Reporting persons executed small insider sales across two days, leaving multi‑million indirect holdings.

The Form 4 discloses two routine disposition transactions by Saba Capital Management, L.P. and Boaz Weinstein: 45,262 shares sold at $10.57 and 18,585 shares sold at $10.52 on consecutive days. The transactions are reported as indirect beneficial ownership changes, and the post‑transaction indirect position remains 3,765,303 shares. The filing contains no derivatives, no purchases, and no additional explanatory detail.

TL;DR: Form 4 records disclosed sales by an indirect holder; disclosure is timely and procedural.

The filing identifies Saba Capital Management, L.P. as a reporting person with director status and shows two sell transactions under transaction code "S." The report is signed and dated, and no amendments or additional plans (e.g., Rule 10b5‑1) are disclosed in the form. There is no information in the filing on the purpose of the sales or any change in control or governance arrangements.

Insider Saba Capital Management, L.P., Weinstein Boaz
Role 10% Owner | 10% Owner
Sold 63,847 shs ($674K)
Type Security Shares Price Value
Sale Common Stock 18,585 $10.52 $196K
Sale Common Stock 45,262 $10.57 $478K
Holdings After Transaction: Common Stock — 3,765,303 shares (Indirect, -)

FAQ

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

What insider transactions were reported for BFZ on this Form 4?
The filing reports sales of BFZ common stock: 45,262 shares at $10.57 on 08/14/2025 and 18,585 shares at $10.52 on 08/15/2025.

Who filed the Form 4 for BFZ?
The Form 4 was filed by Saba Capital Management, L.P. and reporting person Boaz Weinstein, listed as director/10% owner.

How many BFZ shares are beneficially owned after the reported transactions?
The filing shows an indirect beneficial ownership of 3,765,303 shares following the reported transactions.

Were any derivative transactions or purchases reported in this Form 4?
No. Table II for derivative securities shows no entries, and only disposition (sale) transactions are reported in Table I.

Are the sale transactions disclosed as part of a 10b5‑1 plan in this filing?
The Form 4 does not indicate that these transactions were made pursuant to a 10b5‑1 plan; no such plan is disclosed in the form.

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

Form 4 Insider Transactions: What Each Field Means →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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
BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST [ BFZ ] 		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)
08/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 08/14/2025 S 45,262 D $10.57 3,783,888 I -
Common Stock 08/15/2025 S 18,585 D $10.52 3,765,303 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
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)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Weinstein Boaz
(Last) (First) (Middle)
405 LEXINGTON AVENUE
58TH FLOOR
(Street)
NEW YORK NY 10174
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes 08/18/2025
Boaz Weinstein 08/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

Keep reading

More on BFZ

Trending in the feed

Open the live feed