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BlackRock ESG Capital (NYSE: ECAT) holder Saba sells at $15.41–$15.56

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) reported insider activity by Saba Capital Management, L.P., a ten percent owner. Saba Capital reported two open-market sales of ECAT common stock held indirectly: 33,500 shares on August 25, 2026 at $15.41 per share and 78,371 shares on August 26, 2026 at $15.56 per share, for a total of 111,871 shares sold. The filing does not state the number of ECAT shares Saba Capital beneficially owns after these transactions.

Positive

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Negative

  • None.

Insights

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Insider Saba Capital Management, L.P.
Role 10% Owner
Sold 111,871 shs ($1.74M)
Type Security Shares Price Value
Sale Common Stock 78,371 $15.56 $1.22M
Sale Common Stock 33,500 $15.41 $516K
Holdings After Transaction: Common Stock — 13,989,158 shares (Indirect, -)
Shares sold on 2026-08-25 33,500 shares of Common Stock Open-market or private sale by Saba Capital on August 25, 2026
Price per share on 2026-08-25 $15.41 per share Per-share sale price for 33,500 ECAT shares sold indirectly
Shares sold on 2026-08-26 78,371 shares of Common Stock Open-market or private sale by Saba Capital on August 26, 2026
Price per share on 2026-08-26 $15.56 per share Per-share sale price for 78,371 ECAT shares sold indirectly
Total shares sold 111,871 shares of Common Stock Sum of ECAT shares sold across both reported transactions
ten percent owner regulatory
"Saba Capital Management, L.P. is identified as a ten percent owner"
indirect ownership regulatory
"Each transaction is reported with ownership_type labeled as indirect"
Common Stock financial
"The security title for each transaction is listed as 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.

FAQ

What insider activity did ECAT disclose in this Form 4?

ECAT disclosed that Saba Capital Management, L.P., a ten percent owner, reported two open-market sales of ECAT common stock totaling 111,871 shares on August 25 and 26, 2026, at per-share prices of $15.41 and $15.56, respectively.

How many ECAT shares did Saba Capital sell on August 25, 2026?

On August 25, 2026, Saba Capital sold 33,500 shares of ECAT common stock in an open-market or private transaction at a price of $15.41 per share, reported as an indirect ownership transaction.

How many ECAT shares did Saba Capital sell on August 26, 2026?

On August 26, 2026, Saba Capital sold 78,371 shares of ECAT common stock in an open-market or private transaction at a price of $15.56 per share, also reported as an indirect ownership transaction.

What is the total number of ECAT shares Saba Capital sold in this Form 4?

Across the reported transactions, Saba Capital sold a total of 111,871 shares of ECAT common stock, all categorized as sales of indirectly held shares in open-market or private transactions.

Does the Form 4 state Saba Capital's ECAT holdings after these sales?

No. The Form 4 reports the shares sold and their per-share prices, but the fields for total ECAT shares beneficially owned by Saba Capital following each transaction are left blank.

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

Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/25/2026S33,500D$15.4114,067,529I-
Common Stock08/26/2026S78,371D$15.5613,989,158I-
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes08/27/2026
Boaz Weinstein08/27/2026
** Signature of Reporting PersonDate
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)
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