Saba Capital sells ECAT shares in open market

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an open-market sale of 216,297 shares of common stock on May 11, 2026 at $15.34 per share.

Accepted by SEC EDGAR 05/12/2026 - 09:50 AM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an open-market sale of 216,297 shares of common stock on May 11, 2026 at $15.34 per share. After this transaction, Saba Capital indirectly holds 19,972,577 shares, indicating it retains a substantial position in ECAT despite the sale.

Insider Trade Summary

Net Seller: 216,297 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 216,297 shs ($3.32M)

Type	Security	Shares	Price	Value
Sale	Common Stock	216,297	$15.34	$3.32M

Holdings After Transaction: Common Stock — 19,972,577 shares (Indirect, -)

Key Figures

Shares sold: 216,297 shares Sale price: $15.34 per share Shares held after transaction: 19,972,577 shares +1 more

4 metrics

Shares sold 216,297 shares Open-market sale on May 11, 2026

Sale price $15.34 per share Price for ECAT common stock sold

Shares held after transaction 19,972,577 shares Indirect ECAT holdings following sale

Net share change -216,297 shares Net-sell direction from transaction summary

Key Terms

open-market sale, indirect ownership, ten percent owner, Form 4

4 terms

open-market sale financial

"reported an open-market sale of 216,297 shares 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

"After this transaction, Saba Capital indirectly holds 19,972,577 shares"

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust"

Form 4 regulatory

"was reported as an indirect ownership change in the 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 insider transaction did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported selling 216,297 shares of BlackRock ESG Capital Allocation Term Trust common stock. The sale was an open-market transaction at $15.34 per share on May 11, 2026, and was reported as an indirect ownership change.

How many ECAT shares does Saba Capital hold after this Form 4?

After the reported sale, Saba Capital indirectly holds 19,972,577 shares of BlackRock ESG Capital Allocation Term Trust. This figure reflects its remaining position following the 216,297-share open-market sale disclosed for May 11, 2026 in the Form 4.

Was the ECAT insider transaction a buy or sell by Saba Capital?

The transaction was a sell. Saba Capital Management, L.P. executed an open-market sale of 216,297 shares of BlackRock ESG Capital Allocation Term Trust common stock at $15.34 per share, reducing its indirect holdings while still remaining a significant shareholder.

What price did Saba Capital receive for the ECAT shares sold?

Saba Capital received $15.34 per share for the 216,297 BlackRock ESG Capital Allocation Term Trust shares sold. This price reflects the average sale price reported for the May 11, 2026 open-market sale of common stock on the Form 4 filing.

Is Saba Capital’s ECAT position direct or indirect after the sale?

Saba Capital’s reported position is indirect. The Form 4 lists the 19,972,577 shares of BlackRock ESG Capital Allocation Term Trust common stock as indirectly owned, with the ownership type coded as indirect and no direct holdings disclosed in this transaction.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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)
05/11/2026

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	05/11/2026		S		216,297	D	$15.34	19,972,577	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	05/12/2026
	Boaz Weinstein	05/12/2026
	** 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