Saba Capital (ECAT) logs 281,640-share open-market stock sale

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two open-market sales of common stock. It sold 200,000 shares on May 8, 2026 at $15.12 per share and 81,640 shares on May 7, 2026 at $15.07 per share, for total reported dispositions of 281,640 shares. Following these transactions, Saba Capital indirectly holds 20,188,874 ECAT common shares.

Insider Trade Summary

Net Seller: 281,640 shares ($4,254,315)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role null

Sold 281,640 shs ($4.25M)

Type	Security	Shares	Price	Value
Sale	Common Stock	200,000	$15.12	$3.02M
Sale	Common Stock	81,640	$15.07	$1.23M

Holdings After Transaction: Common Stock — 20,188,874 shares (Indirect, -)

Footnotes (1)

Key Figures

Total shares sold: 281,640 shares Sale on May 8, 2026: 200,000 shares at $15.12/share Sale on May 7, 2026: 81,640 shares at $15.07/share +2 more

5 metrics

Total shares sold 281,640 shares Aggregate ECAT common stock sales reported in this Form 4

Sale on May 8, 2026 200,000 shares at $15.12/share Open-market sale of ECAT common stock

Sale on May 7, 2026 81,640 shares at $15.07/share Open-market sale of ECAT common stock

Shares held after transactions 20,188,874 shares Indirect ECAT common stock holdings following May 8, 2026 sale

Insider status Ten percent owner Saba Capital’s reported relationship to ECAT

Key Terms

open-market sale, ten percent owner, indirect ownership, Common Stock

4 terms

open-market sale financial

"Sale in open market or private transaction"

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.

ten percent owner regulatory

"is_ten_percent_owner": 1"

indirect ownership financial

""ownership_type": "indirect""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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)
05/07/2026

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	05/07/2026		S		81,640	D	$15.07	20,388,874	I	-
Common Stock	05/08/2026		S		200,000	D	$15.12	20,188,874	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	05/11/2026
	Boaz Weinstein	05/11/2026
	** 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)

FAQ

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

Saba Capital reported selling ECAT common stock in two open-market transactions. It disposed of 200,000 shares on May 8, 2026 and 81,640 shares on May 7, 2026, according to the Form 4 insider filing disclosures.

How many ECAT shares did Saba Capital sell in the latest Form 4 filing?

The filing shows total reported sales of 281,640 ECAT common shares. These came from a 200,000-share sale at $15.12 per share and an 81,640-share sale at $15.07 per share, both labeled as open-market transactions in the disclosure.

At what prices did Saba Capital sell its ECAT shares?

Saba Capital’s reported ECAT sales occurred at prices around $15 per share. It sold 200,000 shares at $15.12 each on May 8, 2026 and 81,640 shares at $15.07 each on May 7, 2026, as detailed in the Form 4.

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

After the reported open-market sales, Saba Capital’s indirect holding in ECAT common stock is 20,188,874 shares. This post-transaction balance is disclosed in the Form 4 as the total shares beneficially owned following the May 8, 2026 transaction.

Is Saba Capital considered a major shareholder of ECAT in this filing?

Yes, Saba Capital is identified as a ten percent owner of ECAT. The Form 4 indicates its status as a more-than-10% beneficial owner while detailing its indirect holdings and the open-market sales of ECAT common shares.