Gabelli Equity Trust (NYSE: GAB) director adds shares via rights exercise

Rhea-AI Filing Summary

GABELLI EQUITY TRUST INC director William F. Heitmann recorded an “other” equity transaction involving common stock. Heitmann was involved in a restructuring-type transaction affecting 17,948 shares of Common Stock, par value $0.001, at $5.00 per share, classified as an “Other acquisition or disposition.”

According to the footnote, he acquired these common shares through the exercise of common stock purchase rights. After this transaction, he directly holds 197,422 common shares, providing context for his overall ownership position in the fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HEITMANN WILLIAM F

Role null

Type	Security	Shares	Price	Value
Other	Common Stock, Par Value $0.001	17,948	$5.00	$90K

Holdings After Transaction: Common Stock, Par Value $0.001 — 197,422 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares in J-code transaction: 17,948 shares Transaction price per share: $5.00 per share Shares held after transaction: 197,422 shares +1 more

4 metrics

Shares in J-code transaction 17,948 shares Other acquisition or disposition on common stock

Transaction price per share $5.00 per share Price used for the 17,948-share transaction

Shares held after transaction 197,422 shares Direct common stock ownership following Form 4 event

Restructuring shares 17,948 shares Shares classified in restructuringCount on transaction summary

Key Terms

Other acquisition or disposition, common stock purchase rights, restructuringShares, Common Stock, Par Value $0.001

4 terms

Other acquisition or disposition financial

"transaction_code_description: "Other acquisition or disposition""

common stock purchase rights financial

"acquired these common shares through the exercise of common stock purchase rights"

restructuringShares financial

"restructuringShares": 17948"

Common Stock, Par Value $0.001 financial

"security_title": "Common Stock, Par Value $0.001""

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^*

HEITMANN WILLIAM F

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NEW YORK 10580

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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, Par Value $0.001	04/28/2026		J(1)		17,948	A	$5	197,422	D

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 reporting person acquired these common shares through the exercise of common stock purchase rights.

	John C. Ball as Attorney-in-Fact for William F. Heitmann	04/29/2026
	** 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 insider transaction did GABELLI EQUITY TRUST (GAB) report for William F. Heitmann?

The filing shows director William F. Heitmann entered an “other” transaction involving 17,948 shares of common stock at $5.00 per share. This was classified as an “Other acquisition or disposition” rather than a standard open-market buy or sell.

How did William F. Heitmann obtain the 17,948 GAB shares in this Form 4?

Heitmann acquired the 17,948 common shares through the exercise of common stock purchase rights, according to the footnote. This indicates the transaction came from exercising previously held rights, not from an open-market purchase on a stock exchange.

What is William F. Heitmann’s total GAB holding after this Form 4 transaction?

Following the reported transaction, Heitmann directly holds 197,422 shares of GABELLI EQUITY TRUST common stock. This post-transaction figure reflects his direct ownership after the restructuring-type event involving 17,948 shares acquired via common stock purchase rights.

How is the Form 4 transaction for GAB classified in SEC codes?

The transaction is coded “J” on Form 4, meaning an “Other acquisition or disposition.” The data summary also classifies it as a restructuring transaction, with 17,948 restructuring shares, rather than as a standard buy or sell event.

Was the GAB Form 4 transaction a buy or sell of common stock?

The transaction is not labeled as a buy or sell. It is coded “J” for “Other acquisition or disposition” and described as a restructuring-type event, where shares were acquired through exercising common stock purchase rights rather than via open-market trading.