What ECAT share sale did Saba Capital Management disclose for May 22, 2026?

On May 22, 2026, Saba Capital Management disclosed selling 46,754 shares of ECAT common stock at a reported price of $15.41 per share. This trade followed a similar open-market sale reported for the prior day, according to the Form 4 filing.

Saba Capital (NYSE: ECAT) reports open-market sale of 100,233 ECAT shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two open-market sales of common stock. It sold 53,479 shares at $15.23 on May 21 and 46,754 shares at $15.41 on May 22, totaling 100,233 shares. After these indirect transactions, it reported holding 19,608,789 ECAT shares.

Insider Trade Summary

Net Seller: 100,233 shares ($1,534,964)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 100,233 shs ($1.53M)

Type	Security	Shares	Price	Value
Sale	Common Stock	46,754	$15.41	$720K
Sale	Common Stock	53,479	$15.23	$814K

Holdings After Transaction: Common Stock — 19,608,789 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold May 21, 2026: 53,479 shares Shares sold May 22, 2026: 46,754 shares Total shares sold: 100,233 shares +3 more

6 metrics

Shares sold May 21, 2026 53,479 shares Open-market sale of ECAT common stock at $15.23 per share

Shares sold May 22, 2026 46,754 shares Open-market sale of ECAT common stock at $15.41 per share

Total shares sold 100,233 shares Aggregate of two ECAT open-market sales reported in Form 4

Price per share May 21 $15.23/share Sale price for 53,479 ECAT shares

Price per share May 22 $15.41/share Sale price for 46,754 ECAT shares

Shares held after trades 19,608,789 shares Indirect ECAT common stock holdings following transactions

Key Terms

open-market sale, ten percent owner, indirect ownership, Common Stock, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction"

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.

ten percent owner regulatory

"reporting person marked as "is_ten_percent_owner": 1"

indirect ownership regulatory

"ownership_type: "indirect" and ownership_code: "I" on transactions"

Common Stock financial

"security_title: "Common Stock" for both reported transactions"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) indicates insider transaction report"

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.

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 01:42 PM

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

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)
05/21/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		S		53,479	D	$15.23	19,655,543	I	-
Common Stock	05/22/2026		S		46,754	D	$15.41	19,608,789	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	05/26/2026
	Boaz Weinstein	05/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Saba Capital Management report in its latest Form 4 for ECAT?

Saba Capital Management reported selling 100,233 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock in two open-market transactions, while remaining an indirect ten percent owner with 19,608,789 shares reported after the trades.

How many ECAT shares did Saba Capital Management sell on May 21, 2026?

On May 21, 2026, Saba Capital Management sold 53,479 ECAT common shares in an open-market transaction at a reported price of $15.23 per share, as disclosed in the Form 4 insider trading report for the BlackRock ESG Capital Allocation Term Trust.

How many ECAT shares does Saba Capital Management hold after these sales?

After the reported open-market sales totaling 100,233 shares, Saba Capital Management reported indirect ownership of 19,608,789 ECAT common shares. This post-transaction amount reflects its remaining position as shown in the Form 4 insider filing data.

Are Saba Capital Management’s ECAT transactions open-market sales or other types?

The Form 4 classifies both ECAT transactions as open-market sales, using transaction code “S” and the description “Sale in open market or private transaction.” No derivative exercises, gifts, or tax-withholding dispositions were reported in this particular filing.

Does Saba Capital Management’s ECAT Form 4 involve derivative securities?

No derivative securities are shown in this ECAT Form 4. Both reported transactions involve non-derivative common stock, and the derivativeSummary section is empty, indicating no options, warrants, or other derivative positions were reported in this filing.