Saba Capital sells 102K BlackRock ECAT shares

A more-than-10% owner of ECAT reported an indirect open-market sale and now holds about 12.9 million shares.

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had a Form 4 filed reporting that Saba Capital Management, L.P., a more-than-10% owner, sold 102,824 shares of common stock on September 9, 2026 in an open-market or private transaction at $15.15 per share, held indirectly. Following this sale, Saba Capital Management, L.P. reported indirect ownership of 12,917,917 shares of ECAT common stock, and no Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Seller: 102,824 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 102,824 shs ($1.56M)

Type	Security	Shares	Price	Value
Sale	Common Stock	102,824	$15.15	$1.56M

Holdings After Transaction: Common Stock — 12,917,917 shares (Indirect, -)

Key Figures

Shares sold: 102,824 shares Sale price per share: $15.15 per share Shares owned after transaction: 12,917,917 shares +1 more

4 metrics

Shares sold 102,824 shares Common stock sold on September 9, 2026 by Saba Capital Management, L.P.

Sale price per share $15.15 per share Reported transaction price for the 102,824 ECAT shares sold

Shares owned after transaction 12,917,917 shares Indirect ECAT common stock holdings following the sale

Net shares sold in filing 102,824 shares Net selling activity in this Form 4, all from one sale transaction

Key Terms

more-than-10% owner, indirect ownership, Rule 10b5-1 trading plan, open-market or private transaction

4 terms

more-than-10% owner regulatory

"identifies Saba Capital Management, L.P. as a more-than-10% owner"

indirect ownership financial

"the transaction is reported as held through indirect ownership"

Rule 10b5-1 trading plan regulatory

"no Rule 10b5-1 trading plan is reported for this transaction"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market or private transaction market

"classified as an open-market or private transaction"

FAQ

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

Saba Capital Management, L.P. reported a sale of 102,824 ECAT common shares on September 9, 2026, in a transaction classified as an open-market or private sale, held indirectly.

At what price were the ECAT shares sold in this Form 4 filing?

The filing reports that the 102,824 ECAT shares were sold at a price of $15.15 per share on September 9, 2026, based on the per-share transaction price disclosed.

How many ECAT shares does Saba Capital Management, L.P. own after this sale?

After the reported transaction, Saba Capital Management, L.P. reported 12,917,917 ECAT common shares owned indirectly, according to the post-transaction holdings figure in the filing.

Is Saba Capital Management, L.P. a major holder of ECAT?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a more-than-10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT).

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

No. The filing’s Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for this ECAT share sale by Saba Capital Management, L.P.

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

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Available on EDGAR 09/10/2026 - 10:06 AM Accepted by SEC EDGAR 09/10/2026 - 10:06 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)
09/09/2026

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	09/09/2026		S		102,824	D	$15.15	12,917,917	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	09/10/2026
	Boaz Weinstein	09/10/2026
	** 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)