Saba Capital Management (ECAT) sells 272,241 shares, still holds 20,470,514

Rhea-AI Filing Summary

Saba Capital Management, L.P., a large holder of BlackRock ESG Capital Allocation Term Trust (ECAT), reported selling a total of 272,241 shares of common stock in open-market transactions on two days at prices of $15.06 and $14.96 per share. After these sales, Saba Capital indirectly holds 20,470,514 shares of ECAT common stock.

Insider Trade Summary

Net Seller: 272,241 shares ($4,091,217)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 272,241 shs ($4.09M)

Type	Security	Shares	Price	Value
Sale	Common Stock	184,921	$15.06	$2.78M
Sale	Common Stock	87,320	$14.96	$1.31M

Holdings After Transaction: Common Stock — 20,470,514 shares (Indirect, -)

Footnotes (1)

Key Figures

Total shares sold: 272,241 shares First sale volume: 184,921 shares First sale price: $15.06 per share +3 more

6 metrics

Total shares sold 272,241 shares Aggregate ECAT common stock sold across two open-market transactions

First sale volume 184,921 shares ECAT common stock sold on May 6, 2026

First sale price $15.06 per share Price for 184,921 ECAT shares sold in open market

Second sale volume 87,320 shares ECAT common stock sold on May 5, 2026

Second sale price $14.96 per share Price for 87,320 ECAT shares sold in open market

Shares held after sales 20,470,514 shares Indirect ECAT common stock holdings following the reported transactions

Key Terms

open-market sale, indirect ownership, Common Stock, Form 4, +1 more

5 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.

indirect ownership financial

""ownership_type": "indirect", "ownership_code": "I""

Common Stock financial

""security_title": "Common Stock""

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):"

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.

ten percent owner regulatory

""is_ten_percent_owner": 1"

Form 4 Insider Transactions: What Each Field Means →

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)
05/05/2026

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	05/05/2026		S		87,320	D	$14.96	20,655,435	I	-
Common Stock	05/06/2026		S		184,921	D	$15.06	20,470,514	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	05/07/2026
	Boaz Weinstein	05/07/2026
	** 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)

FAQ

What insider activity did Saba Capital report in ECAT shares?

Saba Capital reported selling 272,241 ECAT shares. The firm executed two open-market sales of BlackRock ESG Capital Allocation Term Trust common stock and continues to hold 20,470,514 shares indirectly after these transactions, according to the Form 4 disclosure.

On what dates did Saba Capital sell ECAT (BlackRock ESG Capital Allocation Term Trust) shares?

Saba Capital sold ECAT shares on May 5 and May 6, 2026. The Form 4 shows two separate open-market sales of common stock, each dated individually, reflecting ongoing trading activity rather than a single one-day block transaction in the trust.

How many ECAT shares did Saba Capital sell in each Form 4 transaction?

Saba Capital sold 184,921 shares and 87,320 shares of ECAT. The larger sale occurred at $15.06 per share and the smaller at $14.96 per share, together totaling 272,241 common shares disposed of in open-market transactions.

What is Saba Capital’s ECAT shareholding after these reported sales?

After the sales, Saba Capital indirectly holds 20,470,514 ECAT shares. This post-transaction balance reflects the position remaining in BlackRock ESG Capital Allocation Term Trust common stock as disclosed in the Form 4 filing.

Were Saba Capital’s ECAT transactions direct or indirect holdings?

The ECAT transactions involved indirectly held shares. The Form 4 marks ownership as indirect for both sales of BlackRock ESG Capital Allocation Term Trust common stock, indicating the position is held through an entity or account associated with Saba Capital Management, L.P.