When did Saba Capital’s ECAT share sales occur?

The reported ECAT share sales occurred on June 15, 2026 and June 16, 2026. Each date corresponds to a separate open-market sale of BlackRock ESG Capital Allocation Term Trust common stock, with similar trade sizes but slightly different execution prices on consecutive trading days.

Saba Capital (ECAT) trims position, still holds 18.36M 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 indirect open-market sales of common stock. On June 15, 2026 it sold 59,449 shares at $15.49 per share, and on June 16, 2026 it sold 59,471 shares at $15.45 per share. After these transactions, Saba Capital indirectly holds 18,360,395 ECAT common shares, indicating it retains a large ongoing position in the trust.

Insider Trade Summary

Net Seller: 118,920 shares ($1,839,692)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 118,920 shs ($1.84M)

Type	Security	Shares	Price	Value
Sale	Common Stock	59,471	$15.45	$919K
Sale	Common Stock	59,449	$15.49	$921K

Holdings After Transaction: Common Stock — 18,360,395 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold 2026-06-15: 59,449 shares Price 2026-06-15: $15.49/share Shares sold 2026-06-16: 59,471 shares +3 more

6 metrics

Shares sold 2026-06-15 59,449 shares Open-market sale of ECAT common stock at $15.49 per share

Price 2026-06-15 $15.49/share Execution price for 59,449 ECAT shares sold in open market

Shares sold 2026-06-16 59,471 shares Open-market sale of ECAT common stock at $15.45 per share

Price 2026-06-16 $15.45/share Execution price for 59,471 ECAT shares sold in open market

Total shares sold 118,920 shares Combined ECAT common stock sold across two open-market transactions

Shares held after transactions 18,360,395 shares Indirect ECAT common stock holdings following June 16, 2026 sale

Key Terms

open-market sale, non-derivative, ten percent owner, indirect ownership

4 terms

open-market sale financial

"transaction_action": "open-market sale""

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.

non-derivative financial

"transaction_type": "non-derivative""

ten percent owner financial

""is_ten_percent_owner": 1"

indirect ownership financial

""ownership_type": "indirect""

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 01:51 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)
06/15/2026

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)
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	06/15/2026		S		59,449	D	$15.49	18,419,866	I	-
Common Stock	06/16/2026		S		59,471	D	$15.45	18,360,395	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	06/17/2026
	Boaz Weinstein	06/17/2026
	** 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 insider transaction did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported selling ECAT common stock in open-market transactions. It executed two indirect non-derivative sales of BlackRock ESG Capital Allocation Term Trust shares, reflecting portfolio activity by a ten percent owner rather than any new derivative or structured transaction.

How many ECAT shares did Saba Capital sell and at what prices?

Saba Capital sold a total of 118,920 ECAT common shares. It sold 59,449 shares at $15.49 per share on one day and 59,471 shares at $15.45 per share on the next day, both described as open-market sales of non-derivative common stock.

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

Following the reported transactions, Saba Capital indirectly holds 18,360,395 ECAT common shares. This figure reflects its position after completing the June 16, 2026 open-market sale, and shows that a substantial number of BlackRock ESG Capital Allocation Term Trust shares remain in its indirect ownership.

Is Saba Capital considered a major holder of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Yes. Saba Capital Management, L.P. is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust. The Form 4 data shows it continues to indirectly own 18,360,395 ECAT common shares after the recent open-market sales, underscoring its role as a significant shareholder.