Saba Capital sells ECAT shares on July 13–14 2026 (NYSE: ECAT)

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported open-market sales of common stock. On July 13 and 14, 2026, it sold 56,926 and 104,482 shares at $15.88 and $15.91 per share, respectively, and now indirectly holds 17,131,677 shares.

Insider Trade Summary

Net Seller: 161,408 shares ($2,566,294)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 161,408 shs ($2.57M)

Type	Security	Shares	Price	Value
Sale	Common Stock	104,482	$15.91	$1.66M
Sale	Common Stock	56,926	$15.88	$904K

Holdings After Transaction: Common Stock — 17,131,677 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold July 14, 2026: 104,482 shares Shares sold July 13, 2026: 56,926 shares Total shares sold: 161,408 shares +1 more

4 metrics

Shares sold July 14, 2026 104,482 shares Open-market sale of ECAT common stock at $15.91 per share

Shares sold July 13, 2026 56,926 shares Open-market sale of ECAT common stock at $15.88 per share

Total shares sold 161,408 shares Combined ECAT common stock sold across both reported transactions

Shares held after transactions 17,131,677 shares Indirect ECAT common stock ownership following the July 2026 sales

Key Terms

open-market sale, indirect ownership, ten percent owner

3 terms

open-market sale financial

"transaction_action is described as an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"total shares following transaction are reported as indirect ownership"

ten percent owner financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/15/2026 - 10:30 AM Accepted by SEC EDGAR 07/15/2026 - 10:29 AM Learn about SEC filing dates

FAQ

What insider transactions did Saba Capital report for ECAT?

Saba Capital reported two open-market sales of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock, totaling 161,408 shares, at prices near $15.90 per share, and now indirectly holds 17,131,677 ECAT shares.

How many ECAT shares did Saba Capital sell on July 14, 2026?

On July 14, 2026, Saba Capital sold 104,482 ECAT common shares at an average price of $15.91 per share in an open-market sale, as part of its ongoing management of an indirect ownership position.

What ECAT transaction did Saba Capital make on July 13, 2026?

On July 13, 2026, Saba Capital executed an open-market sale of 56,926 ECAT common shares at an average price of $15.88 per share, reducing its indirectly held position in BlackRock ESG Capital Allocation Term Trust.

How many ECAT shares does Saba Capital own after these sales?

Following the reported transactions, Saba Capital indirectly owns 17,131,677 ECAT common shares. This post-transaction holding reflects the reduction from combined open-market sales totaling 161,408 shares over July 13–14, 2026.

Are Saba Capital’s ECAT holdings direct or indirect?

The Form 4 describes Saba Capital’s ECAT common stock holdings as indirect ownership. All reported sales and the remaining 17,131,677 shares are categorized as indirectly held rather than directly registered to Saba Capital.

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)
07/13/2026

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	07/13/2026		S		56,926	D	$15.88	17,236,159	I	-
Common Stock	07/14/2026		S		104,482	D	$15.91	17,131,677	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	07/15/2026
	Boaz Weinstein	07/15/2026
	** 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)