Saba Capital sells 244,943 BlackRock ESG shares

Saba Capital Management, L.P., a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an indirect open-market sale of 244,943 shares of common stock at $15.15 per share.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an indirect open-market sale of 244,943 shares of common stock at $15.15 per share. Following this transaction, it indirectly owned 23,123,608 shares of the trust’s common stock.

Insider Trade Summary

Net Seller: 244,943 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 244,943 shs ($3.71M)

Type	Security	Shares	Price	Value
Sale	Common Stock	244,943	$15.15	$3.71M

Holdings After Transaction: Common Stock — 23,123,608 shares (Indirect, -)

FAQ

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

What insider transaction did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported an indirect open-market sale of 244,943 shares of BlackRock ESG Capital Allocation Term Trust common stock. The shares were sold at $15.15 per share, reflecting a sizable disposition by a more than ten percent owner.

At what price were the ECAT shares sold by Saba Capital?

The ECAT shares were sold at $15.15 per share in an open-market transaction. This reported price per share helps investors understand the valuation level at which a significant shareholder chose to reduce its indirect position.

How many ECAT shares did Saba Capital hold after the sale?

After the reported sale, Saba Capital Management, L.P. indirectly held 23,123,608 shares of BlackRock ESG Capital Allocation Term Trust common stock. This remaining position indicates that Saba Capital continues to be a large beneficial owner of the trust.

Was Saba Capital’s ECAT transaction a buy or a sell?

The transaction was a sell. Saba Capital Management, L.P. executed an open-market sale of 244,943 common shares of BlackRock ESG Capital Allocation Term Trust, as reflected by transaction code “S” for a sale in open market or private transaction.

Is Saba Capital a major shareholder of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Yes. The filing identifies Saba Capital Management, L.P. as a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust. Even after selling 244,943 shares, it still indirectly holds 23,123,608 common shares in the trust.

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

Accepted by SEC EDGAR 03/03/2026 - 10:18 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
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)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		S		244,943	D	$15.15	23,123,608	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	03/03/2026
	Boaz Weinstein	03/03/2026
	** 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.