Gabelli Equity Trust (GAB) insider reports Series N preferred redemption

Rhea-AI Filing Summary

Mario J. Gabelli, a director, 10% owner, and control person of the adviser to Gabelli Equity Trust Inc. (GAB), reported the full redemption of his holdings of the trust’s Series N Cumulative Preferred Stock on December 26, 2025. The report shows the redemption of 16,750 Series N preferred shares held directly at $100 per share and 50,000 Series N preferred shares held indirectly through GAMCO Investors, Inc., also at $100 per share.

Following these transactions, the filing lists 0 Series N Cumulative Preferred shares beneficially owned both directly and indirectly. The explanation notes that the redemptions were made in connection with the redemption of all remaining outstanding Series N Cumulative Preferred Stock on that date, and that Mr. Gabelli disclaims beneficial ownership of GAMCO’s shares beyond his indirect pecuniary interest.

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

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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^*

GABELLI MARIO J

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GABELLI EQUITY TRUST INC [ GAB.N ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Control Person of Adviser

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2025

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

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

X	Form filed by One Reporting Person
	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
Series N Cumulative Preferred Stock	12/26/2025		J		16,750(1)	D	$100	0	D
Series N Cumulative Preferred Stock	12/26/2025		J		50,000(1)	D	$100	0	I	GAMCO Investors, Inc.(2)

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:

1. The stock being reported were redeemed in accordance with the redemption of all remaining outstanding Series N Cumulative Preferred Stock on December 26, 2025.

2. The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

	Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli	12/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did GAB disclose for Mario J. Gabelli?

The report shows that Mario J. Gabelli had all his holdings of Series N Cumulative Preferred Stock of Gabelli Equity Trust Inc. (GAB) redeemed on December 26, 2025, resulting in no remaining beneficial ownership of that series.

How many GAB Series N preferred shares were redeemed in Mario Gabelli’s Form 4?

The filing reports the redemption of 16,750 Series N Cumulative Preferred shares held directly and 50,000 Series N Cumulative Preferred shares held indirectly through GAMCO Investors, Inc..

At what price were the GAB Series N preferred shares redeemed?

Both the directly and indirectly held Series N Cumulative Preferred Stock of Gabelli Equity Trust Inc. (GAB) were redeemed at a price of $100 per share.

What is Mario J. Gabelli’s relationship to Gabelli Equity Trust Inc. after this transaction?

The report identifies Mario J. Gabelli as a Director, 10% Owner, and Control Person of Adviser to Gabelli Equity Trust Inc. (GAB), although he no longer beneficially owns Series N Cumulative Preferred shares.

Why were the GAB Series N preferred shares redeemed according to the filing?

The explanation states that the reported shares were redeemed in connection with the redemption of all remaining outstanding Series N Cumulative Preferred Stock on December 26, 2025.

How does the filing describe Mario Gabelli’s ownership of GAMCO’s GAB shares?

The filing notes that the reported indirect shares reflect the total shares owned by GAMCO Investors, Inc., and that Mario J. Gabelli, as chairman, CEO, and controlling shareholder of GAMCO, disclaims beneficial ownership of shares held by GAMCO in excess of his indirect pecuniary interest.