BlackRock ESG Capital Allocation (ECAT): Saba Capital reports 299,073-share sale

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported two indirect open-market or private sales of common stock. On August 7, 2026, it sold 165,027 shares at $15.67 per share, and on August 6, 2026, it sold 134,046 shares at $15.50 per share, for a combined disposition of 299,073 shares. Post-transaction share holdings are not stated in this report.

Insider Trade Summary

Net Seller: 299,073 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 299,073 shs ($4.66M)

Type	Security	Shares	Price	Value
Sale	Common Stock	165,027	$15.67	$2.59M
Sale	Common Stock	134,046	$15.50	$2.08M

Holdings After Transaction: Common Stock — 15,155,619 shares (Indirect, -)

Key Figures

Shares sold Aug 7, 2026: 165,027 shares Shares sold Aug 6, 2026: 134,046 shares Total shares sold: 299,073 shares +2 more

5 metrics

Shares sold Aug 7, 2026 165,027 shares Indirect sale of common stock at $15.67 per share

Shares sold Aug 6, 2026 134,046 shares Indirect sale of common stock at $15.50 per share

Total shares sold 299,073 shares Net shares sold across both reported transactions

Sale price Aug 7, 2026 $15.67 per share Price for 165,027 common shares sold indirectly

Sale price Aug 6, 2026 $15.50 per share Price for 134,046 common shares sold indirectly

Key Terms

ten percent owner, indirect, open market or private transaction

3 terms

ten percent owner regulatory

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

indirect regulatory

"Both transactions are reported with indirect ownership (code I)"

open market or private transaction financial

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

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 10:35 AM Accepted by SEC EDGAR 08/10/2026 - 10:34 AM Learn about SEC filing dates

FAQ

What insider activity did Saba Capital report for ECAT on this Form 4?

Saba Capital Management reported two indirect sales of BlackRock ESG Capital Allocation Term Trust common stock, totaling 299,073 shares, executed on August 6 and 7, 2026 in open-market or private transactions.

How many ECAT shares did Saba Capital sell on August 7, 2026?

On August 7, 2026, Saba Capital Management sold 165,027 ECAT shares at a price of $15.67 per share in an indirect open-market or private transaction, as reported in the Form 4 filing.

What were the ECAT share sales by Saba Capital on August 6, 2026?

On August 6, 2026, Saba Capital Management sold 134,046 ECAT common shares at $15.50 per share in an indirect open-market or private transaction, according to the Form 4 disclosure.

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

Yes. Saba Capital Management is identified as a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust, indicating a significant ownership stake in ECAT.

Does the Form 4 state Saba Capital’s remaining ECAT holdings after these sales?

The Form 4 discloses the shares sold and their prices but does not provide the total number of ECAT shares Saba Capital continued to hold following the reported transactions.

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)
08/06/2026

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	08/06/2026		S		134,046	D	$15.5	15,320,646	I	-
Common Stock	08/07/2026		S		165,027	D	$15.67	15,155,619	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	08/10/2026
	Boaz Weinstein	08/10/2026
	** 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)