BlackRock ESG Capital (ECAT): Saba Capital reports 205,881-share stock sale

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust, reported an indirect open-market sale of 205,881 shares of Common Stock on 2026-08-10 at $15.81 per share. Following this transaction, Saba Capital Management, L.P. reported holding 14,949,738 shares indirectly. The Rule 10b5-1 trading plan checkbox was not marked as applicable.

Insider Trade Summary

Net Seller: 205,881 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 205,881 shs ($3.25M)

Type	Security	Shares	Price	Value
Sale	Common Stock	205,881	$15.81	$3.25M

Holdings After Transaction: Common Stock — 14,949,738 shares (Indirect, -)

Key Figures

Shares sold: 205,881 shares Sale price per share: $15.81 per share Shares held after transaction: 14,949,738 shares +1 more

4 metrics

Shares sold 205,881 shares Common Stock sold on 2026-08-10 by Saba Capital Management, L.P.

Sale price per share $15.81 per share Reported transaction price for the 205,881-share sale

Shares held after transaction 14,949,738 shares Indirect ECAT holdings reported following the sale

Net shares sold 205,881 shares Net sell direction across all reported transactions in this Form 4

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1 trading plan, open market or private transaction

4 terms

ten percent owner regulatory

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

indirect ownership regulatory

"The transaction is reported with indirect ownership in the ownership_type field."

Rule 10b5-1 trading plan regulatory

"The Rule 10b5-1 trading plan checkbox aff_10b5_one is not marked true."

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.

open market or private transaction financial

"Transaction code S is described as a sale in open market or private transaction."

FAQ

What insider transaction did Saba Capital report for ECAT?

Saba Capital Management, L.P. reported an indirect sale of 205,881 Common Stock shares of BlackRock ESG Capital Allocation Term Trust on 2026-08-10 at $15.81 per share, as disclosed in a Form 4 filing.

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

After the reported sale, Saba Capital Management, L.P. reported 14,949,738 ECAT shares held indirectly. This figure reflects the position immediately following the 205,881-share sale disclosed in the Form 4.

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

The filing’s Rule 10b5-1 checkbox was not checked, indicating the reported ECAT sale was not affirmed as executed under a Rule 10b5-1 trading plan, based on the Form 4 disclosure fields.

What price did Saba Capital receive per ECAT share in the reported sale?

Saba Capital Management, L.P. reported an average price of $15.81 per share for the 205,881 ECAT shares sold. The price field is identified as a per-share transaction price in the filing data.

Is Saba Capital a major shareholder of ECAT?

Yes. Saba Capital Management, L.P. is identified in the Form 4 as a ten percent owner of BlackRock ESG Capital Allocation Term Trust, indicating it holds a significant stake in ECAT.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 09:10 AM Accepted by SEC EDGAR 08/11/2026 - 09:09 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)
08/10/2026

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	08/10/2026		S		205,881	D	$15.81	14,949,738	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	08/11/2026
	Boaz Weinstein	08/11/2026
	** 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)