BlackRock ESG Capital (NYSE: ECAT) holder Saba trims 30K shares

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) reported an insider transaction by Saba Capital Management, L.P., a ten percent owner. Saba sold 30,239 shares of ECAT common stock on 2026-08-20 in an open market or private transaction at $15.14 per share, held indirectly. After this sale, Saba’s reported indirect holdings in ECAT common stock were 14,167,529 shares.

Insider Trade Summary

Net Seller: 30,239 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 30,239 shs ($458K)

Type	Security	Shares	Price	Value
Sale	Common Stock	30,239	$15.14	$458K

Holdings After Transaction: Common Stock — 14,167,529 shares (Indirect, -)

Key Figures

Shares sold: 30,239 shares Sale price per share: $15.14 per share Shares owned after transaction: 14,167,529 shares +1 more

4 metrics

Shares sold 30,239 shares Common Stock sale on 2026-08-20 by Saba Capital Management, L.P.

Sale price per share $15.14 per share Price for ECAT Common Stock in the 2026-08-20 sale

Shares owned after transaction 14,167,529 shares Indirect holdings of ECAT Common Stock by Saba Capital Management, L.P. following the sale

Net shares sold 30,239 shares Net sell direction across all reported transactions in this Form 4

Key Terms

ten percent owner, indirect ownership, Form 4, open market or private transaction

4 terms

ten percent owner regulatory

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

indirect ownership regulatory

"The transaction is reported with indirect ownership of the shares"

Form 4 regulatory

"The insider transaction is reported on a Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open market or private transaction financial

"Transaction code S indicates a sale in open market or private transaction"

FAQ

What insider transaction did ECAT report involving Saba Capital Management, L.P.?

ECAT reported that Saba Capital Management, L.P., a ten percent owner, sold 30,239 shares of ECAT common stock on 2026-08-20 in an open market or private transaction.

At what price were the ECAT shares sold by Saba Capital on 2026-08-20?

Saba Capital Management, L.P. sold 30,239 ECAT shares at a price of $15.14 per share in a reported open market or private transaction.

How many ECAT shares does Saba Capital Management, L.P. hold after this Form 4 transaction?

After the reported sale, Saba Capital Management, L.P. held 14,167,529 shares of ECAT common stock, reported as indirect ownership.

Is Saba Capital Management, L.P. a ten percent owner of ECAT?

Yes. Saba Capital Management, L.P. is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT) in the Form 4.

Was the ECAT insider sale by Saba Capital under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), indicating the reported ECAT share sale was not designated as made under a Rule 10b5-1 trading plan.

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 08/24/2026 - 09:06 AM Accepted by SEC EDGAR 08/24/2026 - 09:06 AM 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 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)
08/20/2026

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	08/20/2026		S		30,239	D	$15.14	14,167,529	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	08/24/2026
	Boaz Weinstein	08/24/2026
	** 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)