What prices did Saba Capital receive for its ECAT share sales?

Saba Capital’s ECAT sales occurred around the mid-$15 range per share. It sold 130,170 common shares at $15.73 per share on June 30, 2026, and 93,821 shares at $15.76 per share on July 1, 2026, according to the Form 4 details.

Saba Capital (ECAT) trims indirect stake with 223,991-share open-market sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two indirect open-market sales of common stock. On June 30, 2026, it sold 130,170 shares at $15.73 per share.

On July 1, 2026, it sold an additional 93,821 shares at $15.76 per share, for total net sales of 223,991 shares. Following these transactions, Saba Capital Management reports indirect ownership of 17,518,628 shares of ECAT common stock.

Insider Trade Summary

Net Seller: 223,991 shares ($3,526,193)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 223,991 shs ($3.53M)

Type	Security	Shares	Price	Value
Sale	Common Stock	93,821	$15.76	$1.48M
Sale	Common Stock	130,170	$15.73	$2.05M

Holdings After Transaction: Common Stock — 17,518,628 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold 2026-06-30: 130,170 shares Price 2026-06-30: $15.73/share Shares sold 2026-07-01: 93,821 shares +3 more

6 metrics

Shares sold 2026-06-30 130,170 shares Open-market sale at $15.73 per share

Price 2026-06-30 $15.73/share Sale price for 130,170 ECAT common shares

Shares sold 2026-07-01 93,821 shares Open-market sale at $15.76 per share

Price 2026-07-01 $15.76/share Sale price for 93,821 ECAT common shares

Total net shares sold 223,991 shares Net-sell direction across both transactions

Shares held after trades 17,518,628 shares Indirect ECAT common stock holdings post-transaction

Key Terms

open-market sale, indirect ownership, ten percent owner, non-derivative

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.

indirect ownership financial

"ownership_type": "indirect"

ten percent owner financial

""is_ten_percent_owner": 1"

non-derivative financial

""transaction_type": "non-derivative"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 09:02 PM Accepted by SEC EDGAR 07/02/2026 - 09:02 PM

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

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)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		S		130,170	D	$15.73	17,612,449	I	-
Common Stock	07/01/2026		S		93,821	D	$15.76	17,518,628	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	Saba Capital Management, L.P. By: David Han	07/02/2026
	Boaz Weinstein	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Saba Capital report for BlackRock ESG Capital Allocation Term Trust (ECAT)?

Saba Capital Management, L.P. reported selling ECAT shares in two open-market transactions. It sold 130,170 common shares at $15.73 on June 30, 2026, and 93,821 shares at $15.76 on July 1, 2026, all reported as indirect ownership changes.

How many ECAT shares did Saba Capital sell in total in this Form 4 filing?

The filing shows total net sales of 223,991 ECAT common shares. This includes 130,170 shares sold on June 30, 2026, and 93,821 shares sold on July 1, 2026, all categorized as open-market or private sale transactions of non-derivative common stock.

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

After the reported transactions, Saba Capital reports holding 17,518,628 ECAT shares indirectly. This post-transaction figure reflects its remaining common stock position following the two open-market sales disclosed in the Form 4 filing for late June and early July 2026.

Are Saba Capital’s ECAT transactions classified as direct or indirect ownership changes?

The ECAT transactions are reported as changes in indirect ownership. Both sales are coded with indirect ownership and are described as open-market or private sale transactions, meaning the shares are held through an entity or structure rather than directly in Saba Capital’s own name.

What type of security did Saba Capital trade in this ECAT Form 4?

All reported transactions involve ECAT common stock as a non-derivative security. The Form 4 shows open-market sales of common shares only, with no derivative exercises, options, or other convertible instruments disclosed in the derivative transaction summary section.