BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) Saba sells 69,761 shares

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had a Form 4 filed reporting an insider transaction by Saba Capital Management, L.P., a ten percent owner. On 2026-08-19, Saba reported an indirect open-market sale of 69,761 shares of ECAT common stock at $15.23 per share, leaving 14,197,768 ECAT shares held indirectly after the transaction.

Insider Trade Summary

Net Seller: 69,761 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 69,761 shs ($1.06M)

Type	Security	Shares	Price	Value
Sale	Common Stock	69,761	$15.23	$1.06M

Holdings After Transaction: Common Stock — 14,197,768 shares (Indirect, -)

Key Figures

Shares sold: 69,761 shares Sale price per share: $15.23 per share Shares owned after transaction: 14,197,768 shares +1 more

4 metrics

Shares sold 69,761 shares Common stock sold on 2026-08-19 by Saba Capital Management, L.P.

Sale price per share $15.23 per share Price for ECAT common stock in the reported sale transaction

Shares owned after transaction 14,197,768 shares Indirect ECAT common stock holdings after the sale

Net shares sold 69,761 shares Net-sell direction based on transactionSummary netBuySellShares

Key Terms

ten percent owner, indirect ownership, open market or private transaction

3 terms

ten percent owner regulatory

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

indirect ownership financial

"The transaction is coded as indirect ownership with ownership code "I""

open market or private transaction financial

"Transaction code S indicates a sale in open market or private transaction"

FAQ

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

Saba Capital Management, L.P. reported an indirect sale of 69,761 ECAT common shares on 2026-08-19 at $15.23 per share, reducing its indirect holdings to 14,197,768 shares.

What is Saba Capital Management, L.P.’s ownership role in ECAT?

Saba Capital Management, L.P. is disclosed as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), meaning it holds at least 10% of the trust’s outstanding common shares.

How many ECAT shares did Saba Capital Management, L.P. hold after the August 19, 2026 sale?

After the reported transaction, Saba Capital Management, L.P. held 14,197,768 ECAT common shares indirectly, according to the Form 4 disclosure for BlackRock ESG Capital Allocation Term Trust.

At what price were the ECAT shares sold in Saba Capital Management, L.P.’s Form 4?

The reported sale of ECAT common stock by Saba Capital Management, L.P. was executed at a price of $15.23 per share in an open market or private transaction on 2026-08-19.

Was the ECAT insider sale by Saba Capital Management, L.P. a direct or indirect transaction?

The Form 4 identifies the ECAT sale by Saba Capital Management, L.P. as indirect ownership (code "I"), meaning the shares are held through an entity or arrangement associated with Saba rather than directly.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/20/2026 - 10:25 AM Accepted by SEC EDGAR 08/20/2026 - 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)
08/19/2026

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	08/19/2026		S		69,761	D	$15.23	14,197,768	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	08/20/2026
	Boaz Weinstein	08/20/2026
	** 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)