TEAF TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND Insider Trading

Saba Capital liquidates 340,213 shares of TEAF, reducing stake by -22.2% to 1,189,792 shares at blended $12.43.

Saba Capital Management executed 2 separate sales totaling 340,213 shares for $4,230,058.21 on 2025-11-04 and 2025-11-05, reducing its post-transaction holdings to 1,189,792 shares. This represents a -22.2% reduction in the position. The blended average sale price of $12.43 compares to the current price of $12.34, placing the sales near current valuation and -3.7% from the 52-week high of $12.82. Across all tickers, the insider's track record shows 13 prior sells against 7 prior buys, indicating a net seller pattern over time. The magnitude and timing of this multi-day liquidation warrant monitoring given the material stake reduction in a closed-end fund vehicle.

Saba Capital bought 100 shares of TEAF at $11.19 on 2025-04-28; holdings now 1,549,226 shares, current price $11.33.

Saba Capital Management, as a 10% owner, purchased 100 shares of Tortoise Sustainable & Social Impact Term Fund (TEAF) for $1,119.00 total, representing a minimal 100-share increment to its existing 1,549,126-share position. This buy occurred just four days after a similar 30-share purchase on 2025-04-24. The current price of $11.33 stands near the transaction price of $11.19, and TEAF is trading 14.8% below its 52-week high of $13.29. Across Saba's broader insider trading history, it has completed 20 prior open-market buys, but timing outcomes at this specific ticker remain unmeasurable due to the recency of the April 2025 transactions.

Saba Capital, 10% owner of TEAF, purchased 100 shares at $11.19 on 2025-04-24, expanding 1.55M share position.

Saba Capital made a routine acquisition of 100 shares at $11.19, a minor addition to an already substantial 1.55M share position. The purchase occurred near the 52-week midpoint and coincided with modest near-term price stability (30-day change of -0.3%), though the fund has declined 6.4% over 90 days and sits -14.9% from its 52-week high. With only two prior trades at TEAF and outcomes not yet measurable, there is insufficient evidence to establish a pattern of timing accuracy at this specific ticker. The transaction's small size relative to existing holdings suggests routine portfolio activity rather than a material conviction signal.

Saba Capital Management purchased 10,100 shares of TEAF at $11.15 on 2025-04-22, bringing holdings to 1,549,026 shares (+0.7%)

Saba Capital Management, a 10% owner, purchased 10,100 shares at $11.15, a modest 0.7% addition to its existing position of 1,549,026 shares. The stock currently trades at $11.19, near the transaction price, but is down 15.8% from its 52-week high of $13.29 and down 8.9% over the past 90 days. This represents the insider's third TEAF transaction within a brief window (two prior buys on 2025-04-21 and 2025-04-24), suggesting sequential accumulation in the closed-end fund. However, the cross-ticker track record shows 20 prior buys with no measurable 90-day timing outcomes provided, and same-ticker outcomes for both prior TEAF purchases remain unmeasurable as of this filing date.

Saba Capital Management (10% owner) bought 4,700 shares of TEAF at $10.90; stock now $11.14, down 9.5% over 90 days.

Saba Capital Management purchased 4,700 shares of Tortoise Sustainable & Social Impact Term Fund (TEAF) at $10.90 on 2025-04-21, increasing holdings to 1,538,926 shares. The trade represents a modest 0.3% addition to the firm's existing position in a closed-end fund trading at $11.14, approximately 16.2% below its 52-week high and down 9.5% over the past 90 days. Saba has a track record of 20 prior open-market purchases across multiple tickers, though none of the insider's three recent trades at TEAF have yet accumulated 90-day performance data to assess timing accuracy. The purchase in a declining market environment warrants monitoring to determine whether it reflects selective accumulation or routine rebalancing of an existing position.

Saba Capital Management buys 1,000 TEAF shares at $11.15; stock down 18.2% from 52-week high, 7.3% in 30 days.

Saba Capital Management (10% owner) purchased 1,000 shares of Tortoise Sustainable & Social Impact Term Fund at $11.15 on April 17, 2025, raising holdings to 1,534,226 shares. This represents a modest 0.1% increase in position size. The purchase occurred as TEAF declined 7.3% over the prior 30 days and 11.8% over 90 days, trading 18.2% below its 52-week high of $13.29. The insider completed four separate purchases in three days (April 14–17, 2025), all while the stock was in a downtrend. Prior same-ticker transactions remain too recent to measure outcome, leaving no data on whether this purchase pattern reflects accumulation confidence or routine portfolio management.

Saba Capital (10% owner) buys 26,548 shares in 2 transactions at $11.00 blended avg; stock down 16.4% from 52-week high

Saba Capital Management completed 2 purchases totaling 26,548 shares for $292,082.42 at a blended average price of $11.00, increasing its holdings to 1,533,226 shares (a 1.8% net increase). The purchases occurred on 2025-04-15 at $10.99 (21,978 shares) and 2025-04-16 at $11.06 (4,570 shares), while the stock's current price of $11.11 reflects a -16.4% decline from its 52-week high of $13.29 and a -5.1% 30-day decline. The insider's cross-ticker track record shows 20 prior buys, though same-ticker outcomes at TEAF remain unmeasurable due to recent transaction timing. These purchases coincide with a period of notable price weakness in the fund, adding to the transaction dataset but offering limited forward-looking clarity given the absence of measurable holding period returns.

Saba Capital Management adds 14,412 shares of TEAF at $10.78; stock down 6.0% in 30 days, 8.9% in 90 days.

Saba Capital Management, a 10% owner, purchased 14,412 shares at $10.78 on 2025-04-14, increasing holdings to 1,506,678 shares post-transaction. The stock has declined 6.0% over the past 30 days and 8.9% over 90 days, currently trading at $11.04, which is 16.9% below the 52-week high of $13.29. This purchase represents the fourth consecutive buy at TEAF within a week (prior buys on 2025-04-15, 2025-04-11, and 2025-04-10), yet none of the insider's prior trades at this ticker have reached measurable 90-day outcomes. The sustained accumulation during a period of share-price weakness warrants observation of the underlying fund's performance and strategy alignment with the insider's investment thesis.

Saba Capital (10% owner) buys 54,593 shares in TEAF across 2 transactions for $570,989.21 (+3.8% of holdings)

Saba Capital Management acquired 54,593 shares in 2 separate open-market purchases on April 10–11, 2025, at a blended average price of $10.46, increasing its holdings from 1,437,673 shares to 1,492,266 shares. The current price of $10.80 is -18.7% from the 52-week high and down 8.0% over the past 30 days, placing the stock near the lower end of its annual trading range ($10.25–$13.29). As a 10% owner, Saba's continued accumulation reflects ongoing capital deployment in the fund, though the timing coincides with a period of material price weakness relative to recent history. Prior same-ticker outcomes remain unmeasurable given the recent transaction dates.

Saba Capital buys 15,679 TEAF shares at $10.29; fourth consecutive buy in 8 days as stock trades -21.5% from 52-week high.

Saba Capital Management, a 10% owner of TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND, purchased 15,679 shares at $10.29 on 2025-04-08, bringing holdings to 1,437,673 shares. This transaction occurs within a pattern of four consecutive purchases at TEAF between 2025-04-01 and 2025-04-10, spanning an 8-day window during a period of significant price decline. The stock is currently trading at $10.43, representing a -21.5% decline from its 52-week high of $13.29 and a -10.7% drop over the prior 30 days. The repeated accumulation during falling prices and the near-current-price purchase ($10.29 vs. $10.43 current) raise questions about whether this pattern reflects a contrarian view or is mechanical in nature; the recent timing makes 30- and 90-day outcome measurements not yet available for this or the other three same-ticker buys.