BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) holder Saba Capital sells 187,774 shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported selling 187,774 shares of common stock on 2026-07-30 at $15.00 per share in an open-market or private transaction. Following this sale, it indirectly holds 15,959,085 shares of the trust’s common stock. The filing indicates the transaction was not executed under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Seller: 187,774 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 187,774 shs ($2.82M)

Type	Security	Shares	Price	Value
Sale	Common Stock	187,774	$15.00	$2.82M

Holdings After Transaction: Common Stock — 15,959,085 shares (Indirect, _)

Key Figures

Shares sold: 187,774 shares Sale price: $15.00 per share Shares held after transaction: 15,959,085 shares +1 more

4 metrics

Shares sold 187,774 shares Common stock sale reported on 2026-07-30

Sale price $15.00 per share Per-share price for the 187,774 ECAT shares sold

Shares held after transaction 15,959,085 shares Indirect ownership of ECAT common stock following the sale

Net buy/sell direction -187,774 shares TransactionSummary netBuySellShares indicating a net sale

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1 trading plan

3 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner of the trust."

indirect ownership regulatory

"The Form 4 lists Saba Capital’s ECAT holdings as indirect ownership."

Rule 10b5-1 trading plan regulatory

"The filing indicates the transaction was not executed under a Rule 10b5-1 trading plan."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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 07/31/2026 - 03:11 PM Accepted by SEC EDGAR 07/31/2026 - 03:11 PM Learn about SEC filing dates

FAQ

What transaction did Saba Capital report in ECAT common stock?

Saba Capital Management, L.P. reported a sale of 187,774 ECAT common shares on 2026-07-30 at $15.00 per share. The transaction is classified as an open-market or private sale of non-derivative common stock.

How many ECAT shares does Saba Capital hold after this Form 4?

After the reported sale, Saba Capital indirectly holds 15,959,085 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock. This post-transaction holding is disclosed as the total shares beneficially owned following the transaction.

Was Saba Capital’s ECAT share sale under a Rule 10b5-1 plan?

The filing indicates the trade was not made under a Rule 10b5-1 trading plan. The document-level 10b5-1 checkbox is marked as false, meaning the sale was not affirmatively reported as pursuant to a pre-arranged trading plan.

What price did Saba Capital receive per ECAT share sold?

Saba Capital’s reported sale of ECAT common stock was executed at $15.00 per share. The price is identified as a per-share amount for the 187,774 shares involved in the open-market or private transaction on 2026-07-30.

Is Saba Capital a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Yes. Saba Capital Management, L.P. is identified as a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT). This status is indicated in the reporting person information within the Form 4 data.

Is Saba Capital’s ECAT ownership reported as direct or indirect?

The Form 4 lists Saba Capital’s ECAT holdings as indirect ownership. The transaction row notes ownership type "I" for indirect, meaning the position is held through an entity or arrangement rather than directly in Saba Capital’s own name.

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)
07/30/2026

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	07/30/2026		S		187,774	D	$15	15,959,085	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: Maria Piccolino	07/31/2026
	Boaz Weinstein	07/31/2026
	** 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)