Saba Capital sells 304K BlackRock ECAT shares

BlackRock ESG Capital Allocation Term Trust (ECAT) reported an insider Form 4 from Saba Capital Management, L.P., a ten percent owner.

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) reported an insider Form 4 from Saba Capital Management, L.P., a ten percent owner. Saba, through indirect ownership, sold a total of 303,942 shares of ECAT common stock in two open-market transactions on August 28 and August 31, 2026, at per-share prices of $15.43 and $15.38, respectively.

Insider Trade Summary

Net Seller: 303,942 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 303,942 shs ($4.68M)

Type	Security	Shares	Price	Value
Sale	Common Stock	129,839	$15.38	$2.00M
Sale	Common Stock	174,103	$15.43	$2.69M

Holdings After Transaction: Common Stock — 13,593,042 shares (Indirect, -)

Key Figures

Shares sold on 2026-08-31: 129,839 shares of Common Stock Per-share price on 2026-08-31: $15.3800 per share Shares sold on 2026-08-28: 174,103 shares of Common Stock +2 more

5 metrics

Shares sold on 2026-08-31 129,839 shares of Common Stock Open-market or private sale reported by Saba Capital Management, L.P.

Per-share price on 2026-08-31 $15.3800 per share Sale of ECAT common stock by Saba Capital Management, L.P.

Shares sold on 2026-08-28 174,103 shares of Common Stock Open-market or private sale reported by Saba Capital Management, L.P.

Per-share price on 2026-08-28 $15.4300 per share Sale of ECAT common stock by Saba Capital Management, L.P.

Total shares sold in reported period 303,942 shares of Common Stock Sum of ECAT share sales on August 28 and August 31, 2026

Key Terms

ten percent owner, indirect ownership, Form 4, open market or private transaction

4 terms

ten percent owner regulatory

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

indirect ownership regulatory

"The reported ECAT common stock sales are classified as indirect ownership"

Form 4 regulatory

"What insider transactions were reported for ECAT in this 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.

open market or private transaction market

"transaction_code_description: Sale in open market or private transaction"

FAQ

What insider transactions were reported for ECAT in this Form 4?

The Form 4 reports that Saba Capital Management, L.P., a ten percent owner, sold 303,942 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock in two open-market transactions on August 28 and August 31, 2026.

How many ECAT shares did Saba Capital Management, L.P. sell on August 31, 2026?

On August 31, 2026, Saba Capital Management, L.P. reported selling 129,839 shares of ECAT common stock at a per-share price of $15.38 in an open-market or private transaction.

How many ECAT shares did Saba Capital Management, L.P. sell on August 28, 2026?

On August 28, 2026, Saba Capital Management, L.P. reported selling 174,103 shares of ECAT common stock at a per-share price of $15.43 in an open-market or private transaction.

Is Saba Capital Management, L.P. a ten percent owner of ECAT?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT).

Are the ECAT shares sold by Saba Capital held directly or indirectly?

The reported ECAT common stock sales are classified as indirect ownership, indicated by ownership code "I" for Saba Capital Management, L.P.

Does this ECAT Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is unchecked (aff_10b5_one is false), so the reported ECAT stock sales are not affirmed as being made under a Rule 10b5-1 trading plan.

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Available on EDGAR 09/01/2026 - 10:57 AM Accepted by SEC EDGAR 09/01/2026 - 10:57 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)
08/28/2026

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	08/28/2026		S		174,103	D	$15.43	13,722,881	I	-
Common Stock	08/31/2026		S		129,839	D	$15.38	13,593,042	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	09/01/2026
	Boaz Weinstein	09/01/2026
	** 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)