Saba Capital sells 152,342 BlackRock ECAT shares

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) reported that Saba Capital Management, L.P., a ten percent owner, sold a total of 152,342 shares of ECAT common stock in two indirect open-market transactions on September 10–11, 2026, at prices between $14.83 and $15.07 per share. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 152,342 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 152,342 shs ($2.29M)

Type	Security	Shares	Price	Value
Sale	Common Stock	41,280	$14.83	$612K
Sale	Common Stock	111,062	$15.07	$1.67M

Holdings After Transaction: Common Stock — 12,765,575 shares (Indirect, -)

Key Figures

Total shares sold: 152,342 shares Shares sold on September 10, 2026: 111,062 shares Price on September 10, 2026: $15.07 per share +2 more

5 metrics

Total shares sold 152,342 shares Aggregate ECAT common shares sold by Saba Capital Management on September 10–11, 2026

Shares sold on September 10, 2026 111,062 shares Indirect sale of ECAT common stock at $15.07 per share

Price on September 10, 2026 $15.07 per share Open-market or private transaction sale price for 111,062 ECAT shares

Shares sold on September 11, 2026 41,280 shares Indirect sale of ECAT common stock at $14.83 per share

Price on September 11, 2026 $14.83 per share Open-market or private transaction sale price for 41,280 ECAT shares

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1 trading plan

3 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner of ECAT"

indirect ownership regulatory

"Both ECAT sales are reported with ownership type coded as indirect"

Rule 10b5-1 trading plan regulatory

"The filing’s Rule 10b5-1 checkbox is not affirmed for these transactions"

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.

FAQ

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

What insider transactions did ECAT report by Saba Capital Management in September 2026?

ECAT reported that Saba Capital Management, L.P. sold 152,342 shares of ECAT common stock in two indirect open-market transactions on September 10 and 11, 2026, at prices ranging from $14.83 to $15.07 per share.

How many ECAT shares were sold on each date in this Form 4?

On September 10, 2026, Saba Capital Management reported selling 111,062 shares of ECAT common stock at $15.07 per share. On September 11, 2026, it reported selling an additional 41,280 shares at $14.83 per share.

Were Saba Capital Management’s ECAT share sales made directly or indirectly?

The Form 4 reports that both ECAT common stock sales by Saba Capital Management were held with indirect ownership, identified by the ownership code “I,” rather than as directly owned shares.

Is Saba Capital Management a significant shareholder of ECAT?

Yes. In the Form 4 for ECAT, Saba Capital Management, L.P. is identified as a ten percent owner, indicating beneficial ownership exceeding ten percent of the trust’s equity securities before considering the reported transactions.

Were the ECAT insider sales under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and no footnote states that the ECAT share sales were made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

What type of security in ECAT was sold in this Form 4?

The transactions reported by Saba Capital Management involve ECAT Common Stock only. Both entries in the Form 4 list the security title as “Common Stock,” with no derivative securities reported in the derivative section.

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

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Available on EDGAR 09/14/2026 - 09:35 AM Accepted by SEC EDGAR 09/14/2026 - 09:34 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)
09/10/2026

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	09/10/2026		S		111,062	D	$15.07	12,806,855	I	-
Common Stock	09/11/2026		S		41,280	D	$14.83	12,765,575	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	09/14/2026
	Boaz Weinstein	09/14/2026
	** 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)