Saba Capital (ECAT) sells 115,170 ECAT shares at $14.66

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of BlackRock ESG Capital Allocation Term Trust (ECAT), reported an open-market sale of 115,170 shares of common stock on April 24, 2026 at $14.66 per share. After this indirect transaction, Saba Capital’s reported holdings in ECAT common stock totaled 21,379,945 shares, indicating it remains a very large shareholder.

Insider Trade Summary

Net Seller: 115,170 shares ($1,688,392)

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role null

Sold 115,170 shs ($1.69M)

Type	Security	Shares	Price	Value
Sale	Common Stock	115,170	$14.66	$1.69M

Holdings After Transaction: Common Stock — 21,379,945 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares sold: 115,170 shares Sale price per share: $14.66 per share Shares owned after sale: 21,379,945 shares

3 metrics

Shares sold 115,170 shares Open-market sale of ECAT common stock on April 24, 2026

Sale price per share $14.66 per share Reported transaction price for ECAT common stock

Shares owned after sale 21,379,945 shares Indirect ECAT common stock holdings following the transaction

Key Terms

open-market sale, indirect ownership, Common Stock

3 terms

open-market sale financial

"reported an open-market sale of 115,170 shares of 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.

indirect ownership financial

"After this indirect transaction, Saba Capital’s reported holdings"

Common Stock financial

"sale of 115,170 shares of common stock on April 24, 2026"

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)
04/24/2026

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	04/24/2026		S		115,170	D	$14.66	21,379,945	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	04/27/2026
	Boaz Weinstein	04/27/2026
	** 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 ECAT insider activity did Saba Capital report on this Form 4?

Saba Capital Management, L.P. reported an open-market sale of 115,170 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) common stock. The transaction occurred on April 24, 2026, at a reported price of $14.66 per share.

How large is Saba Capital’s remaining ECAT position after the reported sale?

After the April 24, 2026 sale, Saba Capital reported holding 21,379,945 shares of ECAT common stock indirectly. This figure reflects its position following disposal of 115,170 shares in the disclosed open-market transaction.

Was the ECAT transaction by Saba Capital an open-market sale or another type?

The Form 4 classifies Saba Capital’s ECAT transaction as an open-market sale of common stock. The filing uses transaction code S, described as a “Sale in open market or private transaction,” with a reported sale price of $14.66 per share.

Does Saba Capital hold ECAT shares directly or indirectly after this Form 4?

The reported ECAT holdings are classified as indirect ownership, with the ownership code shown as “I”. Following the April 24, 2026 open-market sale, Saba Capital’s indirect position in ECAT common stock is listed as 21,379,945 shares.

How many ECAT shares did Saba Capital sell, and at what price?

Saba Capital sold 115,170 ECAT common shares in the reported transaction. The Form 4 indicates a transaction price of $14.66 per share for this open-market sale on April 24, 2026, reducing its holdings to 21,379,945 shares.