Saba Capital sells 26,644 BlackRock ECAT shares

A more than 10% holder of ECAT reported an open-market sale of 26,644 indirectly held shares, leaving over 12.7 million shares reported as still held.

Available on EDGAR 09/15/2026 - 11:44 AM EDT Accepted by SEC EDGAR 09/15/2026 - 11:43 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had a Form 4 filed reporting that Saba Capital Management, L.P., a more than 10% holder, sold 26,644 shares of Common Stock on September 14, 2026, at $14.59 per share in an open-market or private transaction. Following this sale, Saba Capital Management, L.P. reported 12,738,931 shares held indirectly. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Seller: 26,644 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 26,644 shs ($389K)

Type	Security	Shares	Price	Value
Sale	Common Stock	26,644	$14.59	$389K

Holdings After Transaction: Common Stock — 12,738,931 shares (Indirect, -)

Key Figures

Shares sold: 26,644 shares Sale price per share: $14.59 per share Shares held after transaction: 12,738,931 shares +1 more

4 metrics

Shares sold 26,644 shares Common Stock sale reported for September 14, 2026

Sale price per share $14.59 per share Price for ECAT Common Stock sold on September 14, 2026

Shares held after transaction 12,738,931 shares Indirect ECAT Common Stock holdings reported after the sale

Net shares sold 26,644 shares Net selling activity across all reported transactions in this Form 4

Key Terms

indirect ownership, more than 10% owner, Rule 10b5-1

3 terms

indirect ownership financial

"These holdings are reported as indirect ownership in the filing."

more than 10% owner regulatory

"Saba Capital Management, L.P. is identified as a more than 10% owner of ECAT."

Rule 10b5-1 regulatory

"The sale was not affirmed as being made under a Rule 10b5-1 trading plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction in ECAT did Saba Capital Management, L.P. report?

Saba Capital Management, L.P., a more than 10% holder of ECAT, reported a sale of 26,644 shares of Common Stock on September 14, 2026, in an open-market or private transaction at a reported price of $14.59 per share.

How many ECAT shares does Saba Capital Management, L.P. report holding after this Form 4?

After the reported sale, Saba Capital Management, L.P. reports holding 12,738,931 shares of ECAT Common Stock. These holdings are reported as indirect ownership in the filing.

Was the ECAT insider sale by Saba Capital made under a Rule 10b5-1 plan?

No. The Form 4 for ECAT indicates the Rule 10b5-1 checkbox is not selected, so the reported September 14, 2026 sale was not affirmed as being made under a Rule 10b5-1 trading plan.

What price per share did Saba Capital Management, L.P. receive in the ECAT sale?

The Form 4 reports that Saba Capital Management, L.P. sold 26,644 ECAT shares at a price of $14.59 per share on September 14, 2026, in an open-market or private transaction.

Is Saba Capital Management, L.P. a major holder of ECAT?

Yes. In the Form 4, Saba Capital Management, L.P. is identified as a more than 10% owner of ECAT and reports 12,738,931 shares of Common Stock held indirectly after the reported transaction.

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

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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)
09/14/2026

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	09/14/2026		S		26,644	D	$14.59	12,738,931	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	09/15/2026
	Boaz Weinstein	09/15/2026
	** 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)