BlackRock ESG Capital (NYSE: ECAT) holder Saba Capital sells common shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an open-market sale of 64,727 shares of Common Stock on July 15, 2026 at $15.64 per share. Following this transaction, it indirectly holds 17,066,950 shares.

Insider Trade Summary

Net Seller: 64,727 shares ($1,012,330)

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 64,727 shs ($1.01M)

Type	Security	Shares	Price	Value
Sale	Common Stock	64,727	$15.64	$1.01M

Holdings After Transaction: Common Stock — 17,066,950 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold: 64,727 shares Sale price: $15.64 per share Shares owned after transaction: 17,066,950 shares

3 metrics

Shares sold 64,727 shares Open-market sale of Common Stock on July 15, 2026

Sale price $15.64 per share Price per share for the 64,727 shares sold

Shares owned after transaction 17,066,950 shares Indirect holdings following the reported sale

Key Terms

open-market sale, indirectly holds, ten percent owner

3 terms

open-market sale financial

"reported an open-market sale of 64,727 shares 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.

indirectly holds financial

"Following this transaction, it indirectly holds 17,066,950 shares"

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner of BlackRock ESG"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 04:40 PM Accepted by SEC EDGAR 07/16/2026 - 04:39 PM Learn about SEC filing dates

FAQ

What insider transaction was reported for ECAT by Saba Capital Management?

Saba Capital Management reported an open-market sale of 64,727 ECAT common shares on July 15, 2026 at $15.64 per share. After this sale, it indirectly holds 17,066,950 shares of BlackRock ESG Capital Allocation Term Trust.

At what price did Saba Capital sell ECAT shares?

Saba Capital’s reported sale of ECAT common stock was executed at $15.64 per share. The transaction covered 64,727 shares of BlackRock ESG Capital Allocation Term Trust in an open-market sale on July 15, 2026.

How many ECAT shares does Saba Capital own after the reported sale?

Following the reported transaction, Saba Capital indirectly holds 17,066,950 ECAT shares. This figure reflects its post-transaction position in BlackRock ESG Capital Allocation Term Trust after selling 64,727 common shares.

Is Saba Capital considered a major owner of ECAT?

Yes. Saba Capital Management is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT. Its Form 4 report reflects insider status while detailing the recent open-market sale of 64,727 common shares.

Was the ECAT transaction by Saba Capital a purchase or a sale?

The reported ECAT transaction was a sale. Saba Capital executed an open-market sale of 64,727 common shares at $15.64 per share, leaving it with 17,066,950 shares held indirectly after the transaction.

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)
07/15/2026

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	07/15/2026		S		64,727	D	$15.64	17,066,950	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	07/16/2026
	Boaz Weinstein	07/16/2026
	** 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)