Saba Capital sells 172K BlackRock ECAT (ECAT) shares in August trades

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had insider trading activity reported by ten percent owner Saba Capital Management, L.P. The filer indirectly sold 104,309 shares of common stock on August 18, 2026 at $15.26 per share and 68,259 shares on August 17, 2026 at $15.44 per share, for total reported sales of 172,568 shares in open-market or private transactions.

Insider Trade Summary

Net Seller: 172,568 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 172,568 shs ($2.65M)

Type	Security	Shares	Price	Value
Sale	Common Stock	104,309	$15.26	$1.59M
Sale	Common Stock	68,259	$15.44	$1.05M

Holdings After Transaction: Common Stock — 14,267,529 shares (Indirect, -)

Key Figures

Shares sold on 2026-08-18: 104,309 shares Price on 2026-08-18: $15.26 per share Shares sold on 2026-08-17: 68,259 shares +3 more

6 metrics

Shares sold on 2026-08-18 104,309 shares Indirect sale of ECAT common stock on August 18, 2026

Price on 2026-08-18 $15.26 per share Sale price for 104,309 ECAT shares on August 18, 2026

Shares sold on 2026-08-17 68,259 shares Indirect sale of ECAT common stock on August 17, 2026

Price on 2026-08-17 $15.44 per share Sale price for 68,259 ECAT shares on August 17, 2026

Total shares sold 172,568 shares Aggregate ECAT shares sold across all reported transactions in this Form 4

Insider status Ten percent owner Reporting person Saba Capital Management, L.P. for ECAT

Key Terms

ten percent owner, indirect, open market or private transaction

3 terms

ten percent owner regulatory

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

indirect financial

"The filing classifies the sold ECAT shares as held indirectly"

open market or private transaction financial

"classified as a sale in an open-market or private transaction"

FAQ

What insider activity was reported for ECAT in this Form 4?

The Form 4 reports that Saba Capital Management, L.P., a ten percent owner of ECAT, indirectly sold 172,568 shares of common stock in open-market or private transactions over two days in August 2026.

How many ECAT shares did Saba Capital Management sell on August 18, 2026?

On August 18, 2026, Saba Capital Management indirectly sold 104,309 ECAT shares at a price of $15.26 per share, in a transaction reported as a sale in an open-market or private transaction.

What ECAT share sale occurred on August 17, 2026?

On August 17, 2026, Saba Capital Management indirectly sold 68,259 ECAT common shares at $15.44 per share, classified as a sale in an open-market or private transaction under transaction code "S."

Is Saba Capital Management a ten percent owner of ECAT?

Yes. Saba Capital Management, L.P. is identified in the filing as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), meaning it beneficially owns at least ten percent of the trust’s registered securities.

Were the ECAT insider transactions made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to a trading plan (aff_10b5_one is false), and no footnotes indicate that these ECAT share sales were executed under a pre-arranged 10b5-1 plan.

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

The filing classifies the sold ECAT shares as held indirectly by Saba Capital Management, with ownership type coded as "I" (indirect). The nature of this indirect ownership is not further detailed in the transaction data.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 08:25 AM Accepted by SEC EDGAR 08/19/2026 - 08:24 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)
08/17/2026

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	08/17/2026		S		68,259	D	$15.44	14,371,838	I	-
Common Stock	08/18/2026		S		104,309	D	$15.26	14,267,529	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	08/19/2026
	Boaz Weinstein	08/19/2026
	** 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)