Saba Capital (NYSE: ECAT) sells ECAT shares not under 10b5-1 plan

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ticker ECAT), reported open-market or private sales of the trust's common stock. On August 13 and 14, 2026, entities associated with Saba sold a combined 235,576 shares at per-share prices between $15.51 and $15.82, reported as indirect ownership. The filing does not state Saba's resulting share balance.

Insider Trade Summary

Net Seller: 235,576 shares

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 235,576 shs ($3.71M)

Type	Security	Shares	Price	Value
Sale	Common Stock	45,050	$15.51	$699K
Sale	Common Stock	190,526	$15.82	$3.01M

Holdings After Transaction: Common Stock — 14,440,097 shares (Indirect, -)

Key Figures

Shares sold August 13, 2026: 190,526 shares Price per share August 13, 2026: $15.82 per share Shares sold August 14, 2026: 45,050 shares +3 more

6 metrics

Shares sold August 13, 2026 190,526 shares Non-derivative sale of ECAT common stock reported as indirect ownership

Price per share August 13, 2026 $15.82 per share Sale price for 190,526 ECAT common shares

Shares sold August 14, 2026 45,050 shares Non-derivative sale of ECAT common stock reported as indirect ownership

Price per share August 14, 2026 $15.51 per share Sale price for 45,050 ECAT common shares

Total shares sold 235,576 shares Aggregate ECAT common shares sold across both reported transactions

Transaction count 2 transactions Two non-derivative sales of ECAT common stock

Key Terms

ten percent owner, indirect ownership, non-derivative, Sale in open market or private transaction

4 terms

ten percent owner regulatory

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

indirect ownership financial

"Both transactions are coded with ownership_type "indirect""

non-derivative financial

"Each transaction is classified as transaction_type "non-derivative""

Sale in open market or private transaction financial

"Each sale uses the transaction_code_description "Sale in open market or private transaction""

FAQ

What insider transactions did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported two sales totaling 235,576 ECAT common shares on August 13 and 14, 2026. These were classified as open-market or private transactions and were held as indirect ownership positions.

How many ECAT shares did Saba Capital sell on August 13, 2026?

On August 13, 2026, Saba-related entities sold 190,526 ECAT common shares at a per-share price of $15.82. The transaction was reported as a sale in open market or private transaction under indirect ownership.

How many ECAT shares did Saba Capital sell on August 14, 2026?

On August 14, 2026, Saba-related entities sold 45,050 ECAT common shares at a per-share price of $15.51. This was also reported as a sale in open market or private transaction under indirect ownership.

What is the total number of ECAT shares Saba Capital sold in this Form 4?

Across both reported transactions, Saba-related entities sold a total of 235,576 ECAT common shares. This reflects two non-derivative sales of common stock reported as indirect ownership positions in the Form 4.

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

The filing's Rule 10b5-1 checkbox is not checked, and aff_10b5_one is reported as false. Based on this disclosure, these ECAT stock sales were not affirmed as being made under a Rule 10b5-1 trading plan.

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 08/17/2026 - 10:48 AM Accepted by SEC EDGAR 08/17/2026 - 10:47 AM 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)
08/13/2026

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	08/13/2026		S		190,526	D	$15.82	14,485,147	I	-
Common Stock	08/14/2026		S		45,050	D	$15.51	14,440,097	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	08/17/2026
	Boaz Weinstein	08/17/2026
	** 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)