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40,830 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) shares sold

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), sold 40,830 shares of common stock on July 23, 2026 at $15.13 per share in an open-market or private transaction, and now indirectly holds 16,651,985 shares.

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Insights

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Insider Saba Capital Management, L.P.
Role 10% Owner
Sold 40,830 shs ($618K)
Type Security Shares Price Value
Sale Common Stock 40,830 $15.13 $618K
Holdings After Transaction: Common Stock — 16,651,985 shares (Indirect, -)
Shares sold 40,830 shares Common Stock transaction on July 23, 2026
Sale price per share $15.13 per share Price for the Common Stock sale on July 23, 2026
Shares owned after transaction 16,651,985 shares Indirect holdings by Saba Capital Management, L.P. following the sale
Net shares sold in report 40,830 shares Net change across all transactions in this Form 4
ten percent owner financial
""is_ten_percent_owner": 1"
indirect ownership financial
""ownership_type": "indirect""
open market or private transaction financial
""transaction_code_description": "Sale in open market or private transaction""

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FAQ

What insider transaction did Saba Capital report for ECAT?

Saba Capital reported selling 40,830 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock at $15.13 per share on July 23, 2026, in an open-market or private transaction, according to the reported Form 4 data.

How many ECAT shares does Saba Capital own after this sale?

After the reported sale, Saba Capital indirectly owns 16,651,985 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock. This post-transaction balance reflects its remaining indirect holdings as disclosed in the ownership column.

At what price were the ECAT shares sold in Saba Capital's transaction?

The ECAT shares were sold at a price of $15.13 per share. This per-share sale price applies to the entire 40,830-share common stock transaction reported for July 23, 2026, categorized as an open-market or private transaction.

Was Saba Capital's ECAT share sale made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 trading-plan checkbox was not selected for this ECAT transaction. That indicates the reported sale of 40,830 common shares was not affirmatively identified as executed under a pre-arranged Rule 10b5-1 trading plan.

Is Saba Capital considered a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Yes. Saba Capital is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT). This status is explicitly indicated in the ownership information associated with the reporting person in the Form 4 data.

How many ECAT share transactions are reported in this Form 4 for Saba Capital?

The data show one reported transaction: a sale of 40,830 ECAT common shares. The transaction summary lists one sell transaction, no purchases, and a net change of −40,830 shares across all entries in this report.
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/23/2026S40,830D$15.1316,651,985I-
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes07/24/2026
Boaz Weinstein07/24/2026
** Signature of Reporting PersonDate
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)