ECAT insider sale: Saba Capital sells 79,152 shares at $16.66

Saba Capital Management, L.P. and reporting person Boaz Weinstein disclosed a sale of common stock of BlackRock ESG Capital Allocation Term Trust (ECAT).

Rhea-AI Filing Summary

Saba Capital Management, L.P. and reporting person Boaz Weinstein disclosed a sale of common stock of BlackRock ESG Capital Allocation Term Trust (ECAT). On 09/08/2025 they sold 79,152 shares at $16.66 per share. After the transaction they report beneficial ownership of 28,065,346 shares, held indirectly. The filing lists the reporters as a director and a 10% owner.

Insights

Financial Analyst

TL;DR: A small insider sale relative to total reported holdings; unlikely to be materially market-moving.

The Form 4 shows a single non-derivative sale of 79,152 shares at $16.66, leaving reported indirect ownership of 28,065,346 shares. The sold amount represents a very small fraction of the reported stake (well under 1%), so from a valuation perspective this specific transaction is immaterial to the company’s capitalization or cash flows. The filing provides no additional context such as plan-based sale or recurring dispositions.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; sale recorded but not indicative of material governance change.

The report names Saba Capital Management, L.P. and Boaz Weinstein as reporting persons and indicates roles as director and 10% owner. The Form 4 documents the sale, price, and post-transaction indirect ownership. There are no accompanying amendments, derivative transactions, or role changes disclosed, and signatures are provided. This is a routine Section 16 disclosure without evidence of governance events.

Insider Trade Summary

Net Seller: 79,152 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P., Weinstein Boaz

Role 10% Owner | 10% Owner

Sold 79,152 shs ($1.32M)

Type	Security	Shares	Price	Value
Sale	Common Stock	79,152	$16.66	$1.32M

Holdings After Transaction: Common Stock — 28,065,346 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Saba Capital Management report for ECAT?

The Form 4 reports a sale of 79,152 common shares of ECAT on 09/08/2025 at a price of $16.66 per share.

How many ECAT shares does the reporting person own after the sale?

The filing states beneficial ownership of 28,065,346 shares following the reported transaction, held indirectly.

Who filed the Form 4 for ECAT?

The Form 4 was filed by Saba Capital Management, L.P. and reporting person Boaz Weinstein, each listed as a director and 10% owner.

Was the transaction in ECAT a derivative or non-derivative trade?

The reported transaction is a non-derivative common stock sale (no derivative instruments were reported).

Does the filing indicate whether the sale was part of a trading plan?

The Form 4 does not specify that the sale was made pursuant to a Rule 10b5-1 trading plan or similar instruction.

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

Accepted by SEC EDGAR 09/09/2025 - 11:56 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 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)
09/08/2025

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

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

	Form filed by One Reporting Person
X	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	09/08/2025		S		79,152	D	$16.66	28,065,346	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

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)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Weinstein Boaz

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	09/09/2025
	Boaz Weinstein	09/09/2025
	** 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.