BlackRock ESG Capital Allocation (ECAT): Saba Capital sells 274,065 shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two indirect open-market sales of common stock. On August 11, 2026 it sold 120,376 shares at $15.84 per share, and on August 12, 2026 it sold 153,689 shares at $15.83 per share, for total reported sales of 274,065 shares.

Insider Trade Summary

Net Seller: 274,065 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 274,065 shs ($4.34M)

Type	Security	Shares	Price	Value
Sale	Common Stock	153,689	$15.83	$2.43M
Sale	Common Stock	120,376	$15.84	$1.91M

Holdings After Transaction: Common Stock — 14,675,673 shares (Indirect, -)

Key Figures

Total shares sold: 274,065 shares Shares sold on 2026-08-11: 120,376 shares Shares sold on 2026-08-12: 153,689 shares +2 more

5 metrics

Total shares sold 274,065 shares Aggregate ECAT common stock sold across both reported transactions

Shares sold on 2026-08-11 120,376 shares Indirect sale of ECAT common stock at $15.84 per share

Shares sold on 2026-08-12 153,689 shares Indirect sale of ECAT common stock at $15.83 per share

Price per share 2026-08-11 $15.84 Per-share price for ECAT common stock sale on August 11, 2026

Price per share 2026-08-12 $15.83 Per-share price for ECAT common stock sale on August 12, 2026

Key Terms

indirect ownership, ten percent owner, open market or private transaction, net-sell

4 terms

indirect ownership financial

"Both transactions list the ownership code as indirect ownership."

ten percent owner regulatory

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

open market or private transaction financial

"Transaction code description states sale in open market or private transaction."

net-sell financial

"The transaction summary reports a net-sell direction for the shares."

FAQ

What insider activity did ECAT report from Saba Capital Management?

Saba Capital Management reported two indirect open-market sales of ECAT common stock, totaling 274,065 shares on August 11 and 12, 2026, according to the Form 4 filing.

How many ECAT shares did Saba Capital sell on August 11, 2026?

On August 11, 2026, Saba Capital sold 120,376 ECAT shares at a price of $15.84 per share. The transaction was reported as an indirect ownership sale in ECAT common stock.

How many ECAT shares did Saba Capital sell on August 12, 2026?

On August 12, 2026, Saba Capital sold 153,689 ECAT shares at a price of $15.83 per share. This was the second reported indirect sale of ECAT common stock in consecutive days.

What is the total number of ECAT shares Saba Capital sold in this Form 4?

Across both transactions, Saba Capital sold a total of 274,065 ECAT common shares. The filing’s transaction summary reports a net-sell direction for all shares covered.

Does Saba Capital’s ECAT Form 4 involve a Rule 10b5-1 trading plan?

The filing’s 10b5-1 checkbox is not marked as affirming a trading plan, and there are no footnotes indicating that the ECAT share sales were made under a Rule 10b5-1 plan.

Are Saba Capital’s ECAT transactions reported as direct or indirect ownership?

Both ECAT transactions are classified as indirect ownership, indicated by the ownership code “I”. The nature of this indirect holding is not further detailed in the transaction rows.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 11:57 AM Accepted by SEC EDGAR 08/13/2026 - 11:56 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)
08/11/2026

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	08/11/2026		S		120,376	D	$15.84	14,829,362	I	-
Common Stock	08/12/2026		S		153,689	D	$15.83	14,675,673	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	08/13/2026
	Boaz Weinstein	08/13/2026
	** 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)