BlackRock ESG Capital Allocation (NYSE: ECAT) holder Saba reports July stock sales

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two indirect sales of Common Stock. It sold 32,854 shares on July 16, 2026 at $15.62 per share and 83,087 shares on July 17, 2026 at $15.35 per share, leaving 16,951,009 shares indirectly held after the latest transaction.

Insider Trade Summary

Net Seller: 115,941 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 115,941 shs ($1.79M)

Type	Security	Shares	Price	Value
Sale	Common Stock	83,087	$15.35	$1.28M
Sale	Common Stock	32,854	$15.62	$513K

Holdings After Transaction: Common Stock — 16,951,009 shares (Indirect, -)

Key Figures

Shares sold on July 16, 2026: 32,854 shares at $15.62 per share Shares sold on July 17, 2026: 83,087 shares at $15.35 per share Total shares sold July 16-17, 2026: 115,941 shares +1 more

4 metrics

Shares sold on July 16, 2026 32,854 shares at $15.62 per share Indirect non-derivative sale of Common Stock (transaction code S)

Shares sold on July 17, 2026 83,087 shares at $15.35 per share Indirect non-derivative sale of Common Stock (transaction code S)

Total shares sold July 16-17, 2026 115,941 shares Aggregate Common Stock sales reported in the Form 4 transaction summary

Shares held after July 17, 2026 16,951,009 shares Indirect Common Stock holdings following the latest reported sale

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1, transaction code S

4 terms

ten percent owner regulatory

"Reporting person is flagged as a ten percent owner of the issuer."

indirect ownership financial

"Transactions list ownership type as indirect with ownership code I."

Rule 10b5-1 regulatory

"The Rule 10b5-1 checkbox is marked false for these transactions."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

transaction code S regulatory

"Each sale is reported with transaction code S for Common Stock."

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 07/20/2026 - 10:25 AM Accepted by SEC EDGAR 07/20/2026 - 10:24 AM Learn about SEC filing dates

FAQ

What insider transaction did Saba Capital report for ECAT?

Saba Capital Management reported two indirect sales of BlackRock ESG Capital Allocation Term Trust common stock, totaling 115,941 shares sold on July 16 and 17, 2026 at prices between $15.35 and $15.62 per share.

How many ECAT shares did Saba Capital sell on July 16, 2026?

On July 16, 2026, Saba Capital sold 32,854 ECAT common shares at a price of $15.62 per share in an indirect, non-derivative transaction classified as a sale in open market or private transaction.

How many ECAT shares did Saba Capital sell on July 17, 2026?

On July 17, 2026, Saba Capital sold 83,087 ECAT common shares at $15.35 per share, also reported as an indirect, non-derivative sale in an open market or private transaction under transaction code S.

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

After the July 17, 2026 transaction, Saba Capital is reported as indirectly holding 16,951,009 shares of ECAT common stock, as reflected in the post-transaction ownership figure in the Form 4 data.

Were Saba Capital’s ECAT trades under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is marked false, indicating the reported ECAT stock sales were not affirmed as being made under a Rule 10b5-1 trading plan for this Form 4.

What type of ownership does Saba Capital report for its ECAT shares?

Both transactions list ownership as indirect with ownership code I, meaning Saba Capital’s ECAT common stock position is held indirectly rather than as directly owned shares by the reporting person itself.

What is the total ECAT share volume Saba Capital sold in this Form 4?

Across the two reported transactions, Saba Capital sold a total of 115,941 ECAT common shares, according to the Form 4 transaction summary showing net-sell activity of that share amount.

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)
07/16/2026

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	07/16/2026		S		32,854	D	$15.62	17,034,096	I	-
Common Stock	07/17/2026		S		83,087	D	$15.35	16,951,009	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	07/20/2026
	Boaz Weinstein	07/20/2026
	** 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)