Saba Capital sells 50K ECAT shares in market

Saba Capital Management, L.P., a large holder of BlackRock ESG Capital Allocation Term Trust (ECAT), reported open-market sales of common stock.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a large holder of BlackRock ESG Capital Allocation Term Trust (ECAT), reported open-market sales of common stock. It sold 10,034 shares at $15.35 on June 17, 2026 and 40,481 shares at $15.45 on June 18, 2026, and continued to hold 18,309,880 shares indirectly after the latest sale.

Insights

Closed-end fund governance analyst

Saba Capital’s ECAT sales are modest versus its remaining stake.

Saba Capital Management, L.P. reported two open-market sales totaling 50,515 ECAT common shares at prices between $15.35 and $15.45. These are straightforward disposals of non-derivative shares, with no options or other derivatives reported in this filing.

After these transactions, Saba Capital still holds 18,309,880 ECAT shares indirectly, according to the filing. The sold amount is small relative to this multi-million-share position, suggesting routine portfolio activity rather than a transformative change in its exposure.

Insider Trade Summary

Net Seller: 50,515 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 50,515 shs ($779K)

Type	Security	Shares	Price	Value
Sale	Common Stock	40,481	$15.45	$625K
Sale	Common Stock	10,034	$15.35	$154K

Holdings After Transaction: Common Stock — 18,309,880 shares (Indirect, -)

Key Figures

Shares sold June 18, 2026: 40,481 shares at $15.45 Shares sold June 17, 2026: 10,034 shares at $15.35 Total shares sold: 50,515 shares +2 more

5 metrics

Shares sold June 18, 2026 40,481 shares at $15.45 Open-market sale of ECAT common stock

Shares sold June 17, 2026 10,034 shares at $15.35 Open-market sale of ECAT common stock

Total shares sold 50,515 shares Net ECAT common shares sold across both transactions

Holdings after latest sale 18,309,880 shares Indirect ECAT common stock position after June 18, 2026

Net buy/sell direction -50,515 shares (net-sell) Transaction summary across reported Form 4 entries

Key Terms

open-market sale, indirect ownership, Common Stock, Form 4

4 terms

open-market sale financial

"Each transaction is described as an open-market sale 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.

indirect ownership financial

"The filing classifies Saba Capital’s ECAT holdings as indirect ownership."

Common Stock financial

"Both transactions involve non-derivative Common Stock of ECAT."

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

"The insider activity is reported on SEC 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Saba Capital disclose in its latest ECAT Form 4 filing?

Saba Capital Management, L.P. disclosed selling ECAT common stock in two open-market transactions. The filing shows non-derivative share sales on June 17 and June 18, 2026, and updates its remaining indirect holdings in BlackRock ESG Capital Allocation Term Trust.

How many ECAT shares did Saba Capital sell in June 2026?

Saba Capital sold a total of 50,515 ECAT common shares. This included 10,034 shares on June 17, 2026 and 40,481 shares on June 18, 2026. All transactions were reported as open-market sales of non-derivative common stock.

At what prices were ECAT shares sold by Saba Capital?

Saba Capital reported selling ECAT shares at prices of $15.35 and $15.45 per share. The 10,034-share sale on June 17, 2026 occurred at $15.35, while the 40,481-share sale on June 18, 2026 was executed at $15.45 per share.

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

After the June 18, 2026 sale, Saba Capital’s indirect holdings total 18,309,880 ECAT common shares. This post-transaction figure comes directly from the Form 4 and reflects its remaining position following the reported open-market sales.

Does Saba Capital’s ECAT Form 4 show any option or derivative activity?

The Form 4 shows no derivative transactions for ECAT. All reported activity involves non-derivative common stock sales, and the derivative section of the filing is empty, indicating no option exercises, conversions, or other derivative movements in this disclosure.

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

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Accepted by SEC EDGAR 06/22/2026 - 11:44 AM EDT 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)
06/17/2026

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	06/17/2026		S		10,034	D	$15.35	18,350,361	I	-
Common Stock	06/18/2026		S		40,481	D	$15.45	18,309,880	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	06/22/2026
	Boaz Weinstein	06/22/2026
	** 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)