Saba Capital Management Reports Ownership Change in BlackRock ESG Trust
Ticker: ECAT · Form: 4 · Filed: Apr 1, 2026 · CIK: 0001864843
Sentiment: neutral
Topics: insider-trading, ownership-change
TL;DR
Saba Capital changed its stake in BlackRock ESG Trust on 3/30/26. Filing 4/1/26.
AI Summary
On March 30, 2026, Saba Capital Management, L.P. reported a change in beneficial ownership of securities related to BlackRock ESG Capital Allocation Term Trust. The filing, dated April 1, 2026, details transactions that occurred on March 30, 2026.
Why It Matters
This filing indicates potential shifts in investment strategy or holdings by a significant entity, Saba Capital Management, concerning the BlackRock ESG Capital Allocation Term Trust.
Risk Assessment
Risk Level: low — Form 4 filings typically report routine changes in beneficial ownership and do not inherently signal significant risk.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting entity
- BlackRock ESG Capital Allocation Term Trust (company) — Issuer of securities
- 0001510281-26-000137 (filing_id) — SEC Accession Number
- 2026-04-01 (date) — Filing Date
- 2026-03-30 (date) — Period of Report
FAQ
Who is the reporting entity for this Form 4 filing?
Saba Capital Management, L.P. is the reporting entity.
What is the name of the issuer whose securities are involved?
The issuer is BlackRock ESG Capital Allocation Term Trust.
On what date did the reported transactions occur?
The period of report, indicating when the transactions occurred, is March 30, 2026.
When was this Form 4 filing accepted by the SEC?
The filing was accepted on April 1, 2026.
What is the SEC Accession Number for this filing?
The SEC Accession Number is 0001510281-26-000137.
Filing Stats: 602 words · 2 min read · ~2 pages · Grade level 8.1 · Accepted 2026-04-01 10:18:28
Filing Documents
- primary_doc.html (4)
- primary_doc.xml (4) — 5KB
- 0001510281-26-000137.txt ( ) — 6KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) 03/30/2026 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 03/30/2026 S 37,868 D $ 13.52 22,246,640 I - Common Stock 03/31/2026 S 224,477 D $ 13.73 22,022,163 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 04/01/2026 Boaz Weinstein 04/01/2026 ** 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)