Saba Capital sells BlackRock ESG Capital Allocation (NYSE: ECAT) shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported selling a total of 141,621 Common Stock shares in indirect transactions on August 4–5, 2026, at prices of $15.34 and $15.46 per share in open market or private sales. The Rule 10b5-1 trading-plan checkbox was not marked.

Insider Trade Summary

Net Seller: 141,621 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 141,621 shs ($2.18M)

Type	Security	Shares	Price	Value
Sale	Common Stock	42,298	$15.46	$654K
Sale	Common Stock	99,323	$15.34	$1.52M

Holdings After Transaction: Common Stock — 15,454,692 shares (Indirect, -)

Key Figures

Shares sold on 2026-08-04: 99,323 shares Shares sold on 2026-08-05: 42,298 shares Total shares sold: 141,621 shares +2 more

5 metrics

Shares sold on 2026-08-04 99,323 shares Common Stock sale at $15.34 per share, indirect ownership

Shares sold on 2026-08-05 42,298 shares Common Stock sale at $15.46 per share, indirect ownership

Total shares sold 141,621 shares Aggregate Common Stock sold across reported transactions

Sale price on 2026-08-04 $15.34 per share Price for 99,323 Common Stock shares sold indirectly

Sale price on 2026-08-05 $15.46 per share Price for 42,298 Common Stock shares sold indirectly

Key Terms

ten percent owner, indirect ownership, open market or private transaction, Rule 10b5-1

4 terms

ten percent owner regulatory

"Reporting person is marked as a ten percent owner of the issuer"

indirect ownership regulatory

"ownership_type: indirect, ownership_code: I for the Common Stock sales"

open market or private transaction financial

"transaction_code_description: Sale in open market or private transaction"

Rule 10b5-1 regulatory

"aff_10b5_one represents the Rule 10b5-1 trading plan checkbox status"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/06/2026 - 10:03 AM Accepted by SEC EDGAR 08/06/2026 - 10:02 AM Learn about SEC filing dates

FAQ

Who sold ECAT shares in the latest insider transaction report?

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported the sales. The firm is listed as the reporting person, and the transactions relate to shares held through indirect ownership structures.

How many BlackRock ESG Capital Allocation Term Trust (ECAT) shares were sold?

The insider transactions disclose sales of 141,621 ECAT Common Stock shares in total. This consists of 99,323 shares sold on August 4, 2026, and 42,298 shares sold on August 5, 2026, all reported as indirect holdings.

At what prices were ECAT shares sold by Saba Capital Management?

The reported sales occurred at $15.34 and $15.46 per ECAT share. On August 4, 2026, 99,323 shares were sold at $15.34 per share, and on August 5, 2026, 42,298 shares were sold at $15.46 per share.

Were Saba Capital’s ECAT share sales made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 trading-plan checkbox is not marked for these transactions. That checkbox indicates whether trades are executed under a pre-arranged trading plan; its unchecked status here means no such plan is affirmed for these reported sales.

Are Saba Capital’s ECAT sales reported as direct or indirect ownership changes?

All reported ECAT share sales are classified as indirect ownership transactions. The ownership type is recorded as indirect with ownership code “I,” indicating the shares are held through an entity or structure associated with Saba Capital rather than directly.

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)
08/04/2026

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	08/04/2026		S		99,323	D	$15.34	15,496,990	I	-
Common Stock	08/05/2026		S		42,298	D	$15.46	15,454,692	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	08/06/2026
	Boaz Weinstein	08/06/2026
	** 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)