Saba Capital sells 100K BlackRock ECAT shares

A ten percent owner of ECAT, Saba Capital Management, L.P., reported selling shares while remaining a large indirect holder.

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) reported that significant holder Saba Capital Management, L.P., a ten percent owner, sold 100,836 shares of Common Stock on September 16, 2026 in a sale characterized as an open market or private transaction at $13.81 per share. After this sale, Saba Capital Management, L.P. reported 12,638,095 shares held indirectly. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Net Seller: 100,836 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 100,836 shs ($1.39M)

Type	Security	Shares	Price	Value
Sale	Common Stock	100,836	$13.81	$1.39M

Holdings After Transaction: Common Stock — 12,638,095 shares (Indirect, -)

Key Figures

Shares sold: 100,836 shares Sale price per share: $13.81 per share Shares held after transaction: 12,638,095 shares +1 more

4 metrics

Shares sold 100,836 shares Sale of ECAT Common Stock on September 16, 2026

Sale price per share $13.81 per share Price for ECAT shares sold on September 16, 2026

Shares held after transaction 12,638,095 shares Indirect ECAT holdings of Saba Capital Management, L.P. after sale

Net shares sold 100,836 shares Net change in ECAT holdings from this Form 4

Key Terms

ten percent owner, Common Stock, open market or private transaction, indirect

4 terms

ten percent owner financial

"Saba Capital Management, L.P. is identified as a ten percent owner of ECAT"

Common Stock financial

"The transaction involved ECAT’s Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

open market or private transaction financial

"The sale is described as an open market or private transaction"

indirect financial

"Shares following the transaction are reported as held indirectly"

FAQ

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

What insider transaction did ECAT disclose in this Form 4?

ECAT disclosed that Saba Capital Management, L.P., a ten percent owner, sold 100,836 shares of Common Stock on September 16, 2026 in a transaction described as an open market or private sale.

How many ECAT shares did Saba Capital Management, L.P. sell and at what price?

Saba Capital Management, L.P. sold 100,836 ECAT shares at a reported price of $13.81 per share on September 16, 2026.

How many ECAT shares does Saba Capital Management, L.P. hold after the reported sale?

Following the September 16, 2026 sale, Saba Capital Management, L.P. reported holding 12,638,095 ECAT shares indirectly.

Is Saba Capital Management, L.P. still a major shareholder of ECAT after this transaction?

Yes. After the sale, Saba Capital Management, L.P. remains a ten percent owner of ECAT, with 12,638,095 shares reported as indirectly owned.

Was the ECAT insider sale made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox as not checked, so the reported sale by Saba Capital Management, L.P. was not affirmed as being made under a Rule 10b5-1 trading plan.

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 Not now

Available on EDGAR 09/17/2026 - 09:59 AM Accepted by SEC EDGAR 09/17/2026 - 09:59 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 NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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	09/16/2026		S		100,836	D	$13.81	12,638,095	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	09/17/2026
	Boaz Weinstein	09/17/2026
	** 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)