ECAT insider sells 35,864 shares at $16.65

Saba Capital Management, L.P., a reporting person affiliated with director status, disclosed two open‑market sales of Common Stock of BlackRock ESG Capital Allocation Term Trust (ECAT).

Rhea-AI Filing Summary

Saba Capital Management, L.P., a reporting person affiliated with director status, disclosed two open‑market sales of Common Stock of BlackRock ESG Capital Allocation Term Trust (ECAT). On 10/06/2025 it sold 5,792 shares at $16.65, and on 10/07/2025 it sold 30,072 shares at $16.57. After these transactions the report shows 27,710,557 shares beneficially owned indirectly.

The Form 4 is signed by representatives with dates of signature on 10/08/2025. The filing indicates routine Section 16 reporting of insider sales; no derivative transactions or additional explanatory text are provided.

Insights

Corporate Governance Analyst

Two small open‑market sales were reported by a director‑affiliated holder, lowering indirect holdings slightly.

The transactions are standard Section 16 disclosures: 5,792 shares at $16.65 on 10/06/2025 and 30,072 shares at $16.57 on 10/07/2025. The reporting entity is listed as a director/10% owner relationship and the remaining indirect position is shown as 27,710,557 shares, indicating continued substantial ownership.

Key dependencies are unchanged ownership structure and absence of derivative activity; monitor subsequent filings within the next few weeks for any pattern of sales or plan filings that could indicate a systematic disposition.

Insider Trade Summary

Net Seller: 35,864 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 35,864 shs ($595K)

Type	Security	Shares	Price	Value
Sale	Common Stock	30,072	$16.57	$498K
Sale	Common Stock	5,792	$16.65	$96K

Holdings After Transaction: Common Stock — 27,710,557 shares (Indirect, -)

FAQ

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

What trades did ECAT insiders report on Form 4?

The filing reports two open‑market sales: 5,792 shares at $16.65 on 10/06/2025 and 30,072 shares at $16.57 on 10/07/2025.

Who filed the Form 4 for ECAT?

The Form 4 was filed by Saba Capital Management, L.P. and signed by representatives including Zachary Gindes and Boaz Weinstein on 10/08/2025.

How many ECAT shares does the reporting person still beneficially own?

After the reported sales the filing shows 27,710,557 shares beneficially owned indirectly.

Were any derivative securities reported in the Form 4?

No derivative securities (options, warrants, or convertible instruments) are listed in Table II of the filing.

Does the filing indicate a 10b5‑1 trading plan or amendment?

The form includes the standard plan checkbox language but provides no specific indication that these trades were made pursuant to a 10b5‑1 plan.

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

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Accepted by SEC EDGAR 10/08/2025 - 10:27 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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/06/2025		S		5,792	D	$16.65	27,743,504	I	-
Common Stock	10/07/2025		S		30,072	D	$16.57	27,710,557	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	10/08/2025
	Boaz Weinstein	10/08/2025
	** 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.