Saba Capital trims ECAT (ECAT) stake with 44,101-share sale

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more-than-ten-percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported an open-market sale of common stock. On April 27, 2026, it sold 44,101 shares at $14.79 per share. After this transaction, Saba Capital Management, L.P. reported 21,335,844 shares of ECAT common stock held indirectly.

Insider Trade Summary

Net Seller: 44,101 shares ($652,254)

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 44,101 shs ($652K)

Type	Security	Shares	Price	Value
Sale	Common Stock	44,101	$14.79	$652K

Holdings After Transaction: Common Stock — 21,335,844 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold: 44,101 shares Sale price per share: $14.79 per share Shares held after transaction: 21,335,844 shares +1 more

4 metrics

Shares sold 44,101 shares Open-market sale of ECAT common stock on April 27, 2026

Sale price per share $14.79 per share Price for ECAT common stock sold by Saba Capital

Shares held after transaction 21,335,844 shares Indirect ECAT common stock position following the sale

Transaction direction Net sell of 44,101 shares Form 4 transaction summary indicates net-sell activity

Key Terms

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

4 terms

open-market sale financial

"reported 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.

more-than-ten-percent owner financial

"Saba Capital Management, L.P., a more-than-ten-percent owner"

indirect ownership financial

"reported 21,335,844 shares of ECAT common stock held indirectly"

Form 4 regulatory

"according to the Form 4 filing data provided"

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.

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

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Accepted by SEC EDGAR 04/28/2026 - 10:40 AM Learn about SEC filing dates

FAQ

What insider transaction did Saba Capital Management report for ECAT?

Saba Capital Management, L.P. reported an open-market sale of ECAT common stock. It sold 44,101 shares on April 27, 2026 at a price of $14.79 per share, according to the Form 4 filing data provided.

How many ECAT shares does Saba Capital Management hold after this sale?

After the reported sale, Saba Capital Management, L.P. reported holding 21,335,844 ECAT common shares indirectly. This post-transaction figure shows the position remaining following the 44,101-share open-market sale disclosed in the Form 4 filing.

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

The ECAT transaction reported by Saba Capital Management, L.P. was a sale. The Form 4 identifies it as an open-market sale of 44,101 common shares with a transaction code “S,” indicating a sale in the market or a private transaction.

What price did Saba Capital receive per ECAT share sold?

Saba Capital Management, L.P. reported a transaction price of $14.79 per share for the ECAT common stock sale. This price applies to the 44,101 shares sold on April 27, 2026, as disclosed in the Form 4 transaction details.

Is Saba Capital Management considered a major ECAT shareholder?

Yes. Saba Capital Management, L.P. is identified as a more-than-ten-percent owner of BlackRock ESG Capital Allocation Term Trust. After the reported transaction, it held 21,335,844 ECAT shares indirectly, according to the Form 4 insider ownership information.

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)
04/27/2026

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	04/27/2026		S		44,101	D	$14.79	21,335,844	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	04/28/2026
	Boaz Weinstein	04/28/2026
	** 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)