BlackRock ECAT insider Saba Capital sells 56,976 shares at $16

Saba Capital Management, L.P., a director and 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported a sale of common shares.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a director and 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported a sale of common shares. On 11/26/2025, the reporting person sold 56,976 shares of ECAT common stock at a price of $16 per share, marked with transaction code "S" for a sale. Following this transaction, the reporting person reported 26,735,799 shares of ECAT common stock beneficially owned with indirect ownership.

Insider Trade Summary

Net Seller: 56,976 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 56,976 shs ($912K)

Type	Security	Shares	Price	Value
Sale	Common Stock	56,976	$16.00	$912K

Holdings After Transaction: Common Stock — 26,735,799 shares (Indirect, -)

FAQ

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

What transaction did Saba Capital report in ECAT common stock?

Saba Capital Management, L.P. reported a sale of 56,976 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock on 11/26/2025 at $16 per share, coded as a sale ("S").

How many ECAT shares does the reporting person beneficially own after this transaction?

After the reported sale, the reporting person disclosed beneficial ownership of 26,735,799 ECAT common shares with indirect ownership.

What is the relationship of the reporting person to BlackRock ESG Capital Allocation Term Trust (ECAT)?

The reporting person is identified as both a Director and a 10% Owner of BlackRock ESG Capital Allocation Term Trust (ECAT).

What is the transaction code used for the ECAT share movement?

The transaction is labeled with code "S", which indicates a sale of ECAT common stock.

Is the ECAT position held directly or indirectly by the reporting person?

The 26,735,799 ECAT shares reported after the transaction are held with indirect ownership form, as indicated in the filing.

On what date was the earliest transaction reported for this ECAT Form 4?

The earliest transaction date reported for this Form 4 relating to ECAT is 11/26/2025.

Who signed the Form 4 for the ECAT transaction?

The Form 4 relating to ECAT was signed by Saba Capital Management, L.P. by Zachary Gindes and by Boaz Weinstein, each with a signature date of 12/01/2025.

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

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Accepted by SEC EDGAR 12/01/2025 - 05:48 PM 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)
11/26/2025

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	11/26/2025		S		56,976	D	$16	26,735,799	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	12/01/2025
	Boaz Weinstein	12/01/2025
	** 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.