BlackRock ESG Capital Allocation Term Trust Insider Trading Activity

Saba Capital Management, L.P. reported an insider transaction in BlackRock ESG Capital Allocation Term Trust (ECAT) on a Form 4.

Accepted by SEC EDGAR 09/29/2025 - 12:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Saba Capital Management, L.P. reported an insider transaction in BlackRock ESG Capital Allocation Term Trust (ECAT) on a Form 4. The filing shows a sale of 1,113 shares of common stock on 09/25/2025 at a price of $16.24 per share. After the sale, the reporting person(s) beneficially owned 27,801,787 shares indirectly. The Form 4 is signed by Zachary Gindes and Boaz Weinstein on 09/29/2025.

Insights

Securities Analyst

TL;DR Minor insider sale reported; large indirect ownership remains.

The Form 4 discloses a small disposition of 1,113 ECAT shares at $16.24 each, reducing holdings to 27,801,787 shares beneficially owned indirectly by Saba Capital Management, L.P. The transaction code "S" indicates a sale. Given the absolute size of remaining indirect holdings stated in the filing, this single small sale appears informational and does not, by itself, indicate a material shift in ownership or strategy.

Corporate Governance Expert

TL;DR Disclosure appears timely and properly executed; signatures present.

The filing includes required details: reporting person name and address, relationship boxes (Director and 10% owner checked), transaction date, price, post-transaction beneficial ownership, and authorized signatures by Zachary Gindes and Boaz Weinstein dated 09/29/2025. The form adheres to Section 16 reporting format and provides clear documentation of an indirect sale.

Insider Trade Summary

Net Seller: 1,113 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 1,113 shs ($18K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,113	$16.24	$18K

Holdings After Transaction: Common Stock — 27,801,787 shares (Indirect, -)

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/25/2025		S		1,113	D	$16.24	27,801,787	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	09/29/2025
	Boaz Weinstein	09/29/2025
	** 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.