Saba Capital trims BlackRock ESG Capital Allocation (ECAT) stake with open-market sales

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported two open-market sales of common stock. It sold 10,857 shares at $15.65 per share on June 4 and 56,029 shares at $15.40 per share on June 5, for total sales of 66,886 shares. After these transactions, Saba Capital continues to hold 18,865,193 ECAT shares indirectly.

Insider Trade Summary

Net Seller: 66,886 shares ($1,032,759)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 66,886 shs ($1.03M)

Type	Security	Shares	Price	Value
Sale	Common Stock	56,029	$15.40	$863K
Sale	Common Stock	10,857	$15.65	$170K

Holdings After Transaction: Common Stock — 18,865,193 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold June 4, 2026: 10,857 shares at $15.65 Shares sold June 5, 2026: 56,029 shares at $15.40 Total shares sold: 66,886 shares +2 more

5 metrics

Shares sold June 4, 2026 10,857 shares at $15.65 Open-market sale of ECAT common stock

Shares sold June 5, 2026 56,029 shares at $15.40 Open-market sale of ECAT common stock

Total shares sold 66,886 shares Aggregate of two open-market sales

Shares held after transactions 18,865,193 shares Indirect ECAT holdings following June 5, 2026 sale

Net buy/sell direction -66,886 shares (net-sell) Form 4 transaction summary for this period

Key Terms

open-market sale, ten percent owner, indirect ownership, non-derivative

4 terms

open-market sale financial

"transaction_action: "open-market sale" for ECAT common stock"

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 financial

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

indirect ownership financial

"direct_or_indirect: "I" and ownership_type: "indirect""

non-derivative financial

"transaction_type: "non-derivative" for common stock sales"

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

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/08/2026 - 11:55 AM Accepted by SEC EDGAR 06/08/2026 - 11:54 AM Learn about SEC filing dates

FAQ

What insider activity did Saba Capital report for ECAT?

Saba Capital reported selling 66,886 ECAT shares in two open-market transactions. These sales occurred on June 4 and June 5, 2026, and involved common stock of BlackRock ESG Capital Allocation Term Trust held indirectly by Saba Capital.

At what prices did Saba Capital sell BlackRock ESG Capital Allocation (ECAT) shares?

Saba Capital sold ECAT shares at $15.65 and $15.40 per share. It sold 10,857 shares at $15.65 on June 4, 2026, and 56,029 shares at $15.40 on June 5, 2026, in open-market transactions.

How many ECAT shares did Saba Capital sell in total?

Saba Capital sold a total of 66,886 ECAT common shares. The Form 4 shows 10,857 shares sold on June 4, 2026, and 56,029 shares sold on June 5, 2026, all as open-market or private sales of non-derivative common stock.

How many BlackRock ESG Capital Allocation (ECAT) shares does Saba Capital hold after these sales?

After the reported sales, Saba Capital holds 18,865,193 ECAT shares indirectly. This post-transaction holding reflects its remaining position in the trust’s common stock as disclosed in the Form 4 filing.

Is Saba Capital a major shareholder of BlackRock ESG Capital Allocation Term Trust (ECAT)?

Yes, Saba Capital is reported as a more than ten percent owner of ECAT. The Form 4 identifies it as a ten percent owner, indicating significant beneficial ownership in BlackRock ESG Capital Allocation Term Trust’s common stock.

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)
06/04/2026

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	06/04/2026		S		10,857	D	$15.65	18,921,222	I	-
Common Stock	06/05/2026		S		56,029	D	$15.4	18,865,193	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	06/08/2026
	Boaz Weinstein	06/08/2026
	** 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)