BlackRock ESG Capital (NYSE: ECAT) holder sells 362,772 shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported indirect sales of 362,772 shares of Common Stock in open market or private transactions, including 201,906 shares at $15.16 on 2026-08-03 and 160,866 shares at $15.00 on 2026-07-31.

Insider Trade Summary

Net Seller: 362,772 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 362,772 shs ($5.47M)

Type	Security	Shares	Price	Value
Sale	Common Stock	201,906	$15.16	$3.06M
Sale	Common Stock	160,866	$15.00	$2.41M

Holdings After Transaction: Common Stock — 15,596,313 shares (Indirect, -)

Key Figures

Shares sold on 2026-08-03: 201,906 shares Shares sold on 2026-07-31: 160,866 shares Price on 2026-08-03: $15.16 per share +2 more

5 metrics

Shares sold on 2026-08-03 201,906 shares Indirect sale of Common Stock at $15.16 per share

Shares sold on 2026-07-31 160,866 shares Indirect sale of Common Stock at $15.00 per share

Price on 2026-08-03 $15.16 per share Sale in open market or private transaction

Price on 2026-07-31 $15.00 per share Sale in open market or private transaction

Total shares sold 362,772 shares Net shares sold across the two reported transactions

Key Terms

ten percent owner, indirect ownership, Sale in open market or private transaction

3 terms

ten percent owner regulatory

"Reporting person is identified as a <b>ten percent owner</b> of the issuer."

indirect ownership regulatory

"Transactions are reported with <b>indirect ownership</b> using ownership code I."

Sale in open market or private transaction regulatory

"Code S is described as <b>Sale in open market or private transaction</b>."

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 08/04/2026 - 03:20 PM Accepted by SEC EDGAR 08/04/2026 - 03:19 PM Learn about SEC filing dates

FAQ

What insider selling did Saba Capital report for ECAT?

Saba Capital Management reported indirect sales totaling 362,772 ECAT common shares. The transactions occurred in open market or private trades on 2026-07-31 and 2026-08-03 and reflect activity by a holder classified as a 10% owner of the trust.

How many ECAT shares did Saba Capital sell on 2026-08-03?

On 2026-08-03, Saba Capital sold 201,906 ECAT common shares at a price of $15.16 per share. The sale was reported as an indirect transaction and is described as a sale in an open market or private transaction.

How many ECAT shares did Saba Capital sell on 2026-07-31?

On 2026-07-31, Saba Capital sold 160,866 ECAT common shares at $15.00 per share. Like the later sale, this was reported as an indirect transaction and classified as a sale in an open market or private transaction.

What is the total number of ECAT shares Saba Capital sold in these transactions?

Across both reported dates, Saba Capital sold a total of 362,772 ECAT common shares. This consists of 201,906 shares sold on 2026-08-03 and 160,866 shares sold on 2026-07-31, all reported as indirect open market or private sales.

Is Saba Capital considered a ten percent owner of ECAT?

Yes. The reporting person, Saba Capital Management, L.P., is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT). This status requires detailed reporting of its transactions in the trust’s securities.

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

The Form 4’s Rule 10b5-1 checkbox was not marked as affirming that these transactions were made under a trading plan. No additional footnotes were provided indicating a pre-arranged Rule 10b5-1 trading arrangement for these ECAT share sales.

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)
07/31/2026

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	07/31/2026		S		160,866	D	$15	15,798,219	I	-
Common Stock	08/03/2026		S		201,906	D	$15.16	15,596,313	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	08/04/2026
	Boaz Weinstein	08/04/2026
	** 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)