Saba Capital sells 167K BlackRock ECAT shares

A 10% owner associated with ECAT reported an open-market sale of 167,151 common shares at $15.29 on September 8, 2026.

Rhea-AI Filing Summary

BlackRock ESG Capital Allocation Term Trust (ECAT) had a large shareholder, Saba Capital Management, L.P., report a sale of common shares. On September 8, 2026, Saba Capital Management, L.P. sold 167,151 shares of ECAT common stock in an open market or private transaction at a price of $15.29 per share, held through indirect ownership. After this transaction, Saba Capital Management, L.P. reported beneficial ownership of 13,020,741 shares of ECAT common stock.

No Rule 10b5-1 trading plan was reported in connection with this transaction.

Insider Trade Summary

Net Seller: 167,151 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 167,151 shs ($2.56M)

Type	Security	Shares	Price	Value
Sale	Common Stock	167,151	$15.29	$2.56M

Holdings After Transaction: Common Stock — 13,020,741 shares (Indirect, -)

Key Figures

Shares sold: 167,151 shares Sale price per share: $15.29 per share Shares owned after transaction: 13,020,741 shares

3 metrics

Shares sold 167,151 shares Common stock sold on September 8, 2026 by Saba Capital Management, L.P.

Sale price per share $15.29 per share Price for ECAT common stock sold on September 8, 2026

Shares owned after transaction 13,020,741 shares Indirect beneficial ownership of ECAT common stock after the sale

FAQ

What insider activity did ECAT report in this Form 4?

The filing reports that Saba Capital Management, L.P., a ten percent owner of ECAT, sold 167,151 shares of ECAT common stock on September 8, 2026 in an open market or private transaction.

At what price were the ECAT shares sold by Saba Capital Management, L.P.?

Saba Capital Management, L.P. reported selling ECAT common stock at a price of $15.29 per share on September 8, 2026, in an open market or private transaction.

How many ECAT shares does Saba Capital Management, L.P. own after the reported sale?

After the reported sale, Saba Capital Management, L.P. reported beneficial ownership of 13,020,741 shares of ECAT common stock, held indirectly.

What type of ownership does Saba Capital Management, L.P. report for its ECAT shares?

The filing states that Saba Capital Management, L.P.’s position in ECAT common stock is held through indirect ownership.

Was the ECAT insider sale made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan was reported in connection with the September 8, 2026 sale of ECAT shares.

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Available on EDGAR 09/09/2026 - 01:01 PM Accepted by SEC EDGAR 09/09/2026 - 01:00 PM 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)
09/08/2026

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	09/08/2026		S		167,151	D	$15.29	13,020,741	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	09/09/2026
	Boaz Weinstein	09/09/2026
	** 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)