Saba Capital sells 49K ECAT shares in open market

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported an open-market sale of 49,325 shares of Common Stock on June 3, 2026 at an average price of $15.68 per share.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported an open-market sale of 49,325 shares of Common Stock on June 3, 2026 at an average price of $15.68 per share. After this transaction, Saba Capital’s indirectly held position in ECAT Common Stock is 18,932,079 shares, indicating the sale affects only a small portion of its overall holdings.

Insider Trade Summary

Net Seller: 49,325 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 49,325 shs ($773K)

Type	Security	Shares	Price	Value
Sale	Common Stock	49,325	$15.68	$773K

Holdings After Transaction: Common Stock — 18,932,079 shares (Indirect, -)

Key Figures

Shares sold: 49,325 shares Sale price: $15.68 per share Shares held after transaction: 18,932,079 shares

3 metrics

Shares sold 49,325 shares Open-market sale on June 3, 2026

Sale price $15.68 per share Average price for the 49,325 shares sold

Shares held after transaction 18,932,079 shares Indirect ECAT Common Stock holdings post-sale

Key Terms

open-market sale, ten percent owner, Common Stock, indirect

4 terms

open-market sale financial

"transaction_action": "open-market sale""

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 financial

""is_ten_percent_owner": 1"

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect financial

""ownership_type": "indirect""

FAQ

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

What insider transaction did Saba Capital report for ECAT?

Saba Capital Management reported selling 49,325 ECAT Common Stock shares. The shares were sold in an open-market transaction at $15.68 per share, reflecting a routine adjustment while Saba still holds 18,932,079 shares indirectly.

At what price did Saba Capital sell ECAT shares?

Saba Capital sold ECAT shares at $15.68 per share. The Form 4 shows an open-market sale of 49,325 Common Stock shares at this price, providing transparency into the execution level for this insider transaction.

How many ECAT shares does Saba Capital hold after this sale?

After the sale, Saba Capital indirectly holds 18,932,079 ECAT shares. The post-transaction balance reported in the Form 4 highlights that the 49,325 shares sold represent only a small fraction of its overall position.

Was Saba Capital’s ECAT transaction a buy or a sell?

The transaction was a sale of ECAT shares by Saba Capital. The Form 4 lists a transaction code “S” and describes it as an open-market sale of 49,325 Common Stock shares at $15.68 per share.

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

Yes, Saba Capital is reported as a ten percent owner of ECAT. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner and shows post-transaction indirect holdings of 18,932,079 Common Stock shares.

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

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Accepted by SEC EDGAR 06/04/2026 - 05:19 PM EDT 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)
06/03/2026

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	06/03/2026		S		49,325	D	$15.68	18,932,079	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	06/04/2026
	Boaz Weinstein	06/04/2026
	** 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)