Saba Capital sells 195,533 BlackRock ESG Capital (ECAT) shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported open-market sales of a combined 195,533 shares of common stock at prices around $15.51–$15.55 per share. After these transactions, Saba Capital indirectly holds 19,413,256 ECAT shares.

Insider Trade Summary

Net Seller: 195,533 shares ($3,036,831)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 195,533 shs ($3.04M)

Type	Security	Shares	Price	Value
Sale	Common Stock	102,862	$15.55	$1.60M
Sale	Common Stock	92,671	$15.51	$1.44M

Holdings After Transaction: Common Stock — 19,413,256 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold May 27, 2026: 102,862 shares Price May 27, 2026 sale: $15.55/share Shares sold May 26, 2026: 92,671 shares +3 more

6 metrics

Shares sold May 27, 2026 102,862 shares Open-market sale of ECAT common stock at $15.55 per share

Price May 27, 2026 sale $15.55/share Open-market sale of 102,862 ECAT common shares

Shares sold May 26, 2026 92,671 shares Open-market sale of ECAT common stock at $15.51 per share

Price May 26, 2026 sale $15.51/share Open-market sale of 92,671 ECAT common shares

Total shares sold 195,533 shares Combined ECAT sales reported in this Form 4

Shares held after sales 19,413,256 shares Indirect ECAT holdings after May 27, 2026 transaction

Key Terms

open-market sale, ten percent owner, indirect ownership, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale" for each ECAT common stock transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

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

indirect ownership financial

"Each transaction lists ownership_type as "indirect" and ownership_code "I""

Form 4 regulatory

"Insider transaction data is disclosed in a Form 4 filing"

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.

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Form 4 Insider Transactions: What Each Field Means →

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)
05/26/2026

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	05/26/2026		S		92,671	D	$15.51	19,516,118	I	-
Common Stock	05/27/2026		S		102,862	D	$15.55	19,413,256	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	05/28/2026
	Boaz Weinstein	05/28/2026
	** 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)

FAQ

What insider transactions did Saba Capital report for ECAT?

Saba Capital reported selling 195,533 ECAT common shares. The transactions were open-market sales on two consecutive days at prices near $15.51–$15.55 per share, and Saba Capital continues to hold a sizable indirect position afterward.

On what dates did Saba Capital sell ECAT shares?

Saba Capital’s ECAT sales occurred on May 26 and May 27, 2026. Both trades involved common stock of BlackRock ESG Capital Allocation Term Trust and were reported as open-market sales on the Form 4 insider filing.

How many ECAT shares does Saba Capital hold after these sales?

After the reported sales, Saba Capital holds 19,413,256 ECAT shares indirectly. This post-transaction holding reflects the position following the May 27, 2026 open-market sale of 102,862 shares at $15.55 per share.

What prices did ECAT shares sell for in Saba Capital’s Form 4?

The reported ECAT sales were around the mid-$15 range. Saba Capital sold 92,671 common shares at $15.51 per share on May 26, 2026, and 102,862 common shares at $15.55 per share on May 27, 2026.

Is Saba Capital a large holder of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Saba Capital is identified as a ten percent owner of ECAT. The Form 4 lists Saba Capital Management, L.P. as a ten percent owner and shows it indirectly holding 19,413,256 ECAT common shares after the latest reported sale.