Saba sells 66.5K BlackRock ECAT (NYSE: ECAT) shares, still holds 14.1M

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had a large shareholder, Saba Capital Management, L.P., report the sale of 66,500 shares of Common Stock on 2026-08-24 at $15.34 per share. After this transaction, Saba Capital reported 14,101,029 shares held through indirect ownership. The filing’s Rule 10b5-1 checkbox was not marked as being under a trading plan.

Insider Trade Summary

Net Seller: 66,500 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 66,500 shs ($1.02M)

Type	Security	Shares	Price	Value
Sale	Common Stock	66,500	$15.34	$1.02M

Holdings After Transaction: Common Stock — 14,101,029 shares (Indirect, -)

Key Figures

Shares sold: 66,500 shares Sale price per share: $15.34 per share Shares owned after transaction: 14,101,029 shares

3 metrics

Shares sold 66,500 shares Common Stock transaction on 2026-08-24

Sale price per share $15.34 per share Common Stock sale on 2026-08-24

Shares owned after transaction 14,101,029 shares Total ECAT Common Stock indirectly owned after sale

Key Terms

10% owner, indirect ownership, Common Stock

3 terms

10% owner regulatory

"is_ten_percent_owner": 1"

indirect ownership regulatory

""direct_or_indirect": "I", "ownership_type": "indirect""

Common Stock financial

""security_title": "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 transaction did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported a sale of 66,500 ECAT Common Stock shares on 2026-08-24. The transaction was coded as a sale in the open market or a private transaction and was reported as an indirect ownership transaction.

At what price were the ECAT shares sold in this Form 4?

The reported sale price for the ECAT shares was $15.34 per share. This price is identified as a per-share transaction price for the 66,500 Common Stock shares sold on 2026-08-24.

How many ECAT shares does Saba Capital own after this transaction?

Following the reported sale, Saba Capital Management, L.P. reported 14,101,029 ECAT Common Stock shares owned indirectly. This figure is shown as the total shares following the transaction in the Form 4 data.

Is Saba Capital a 10% owner of ECAT according to this filing?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), based on the reporting-person status fields in the filing data.

Was the ECAT share sale made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox as false, meaning the transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 10:24 AM Accepted by SEC EDGAR 08/25/2026 - 10:24 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)
08/24/2026

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	08/24/2026		S		66,500	D	$15.34	14,101,029	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	08/25/2026
	Boaz Weinstein	08/25/2026
	** 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)