General American Investors (GAM) VP buys 5.95% preferred stock

Rhea-AI Filing Summary

GENERAL AMERICAN INVESTORS CO INC executive Eugene S. Stark, VP Administration/CCO/PFO, reported open-market purchases of the company’s 5.95% Preferred Stock. He bought 638 shares at $24.95 on March 30, 2026 and 200 shares at $24.92 on March 27, 2026, totaling 838 shares.

Following these purchases, Stark directly holds 27,849 shares of the 5.95% Preferred Stock and 10,000 common shares. The filing also lists 101,303 common shares held by the issuer’s Employees’ Thrift Plan Trust, for which Stark disclaims any beneficial interest, and 4,000 preferred shares held indirectly by his spouse.

Insider Trade Summary

Net Buyer: 838 shares ($20,902)

Net Buy 6 txns

Insider Stark Eugene S

Role VP Administration/CCO/PFO

Bought 838 shs ($21K)

Type	Security	Shares	Price	Value
Purchase	5.95% Preferred Stock	638	$24.95	$16K
Purchase	5.95% Preferred Stock	200	$24.92	$5K
holding	GAM	--	--	--
holding	GAM	--	--	--
holding	5.95% Preferred Stock	--	--	--
holding	5.95% Preferred Stock	--	--	--

Holdings After Transaction: 5.95% Preferred Stock — 27,849 shares (Direct); GAM — 10,000 shares (Direct); GAM — 101,303 shares (Indirect, By Thrift Plan Trust); 5.95% Preferred Stock — 4,000 shares (Indirect, By Spouse)

Footnotes (1)

1. Shares held in joint account with spouse. Shares held by the undersigned's spouse in an IRA account. Shares held by the undersigned in an IRA account. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.

Key Figures

Preferred shares bought 3/30/2026: 638 shares at $24.95 Preferred shares bought 3/27/2026: 200 shares at $24.92 Direct preferred holdings after trades: 27,849 shares +4 more

7 metrics

Preferred shares bought 3/30/2026 638 shares at $24.95 Open-market purchase of 5.95% Preferred Stock

Preferred shares bought 3/27/2026 200 shares at $24.92 Open-market purchase of 5.95% Preferred Stock

Direct preferred holdings after trades 27,849 shares 5.95% Preferred Stock held directly after 3/30/2026

Direct common stock holding 10,000 shares GAM common stock held directly as of 3/27/2026

Thrift Plan common holding 101,303 shares Common shares held by Employees’ Thrift Plan Trust; interest disclaimed

Spouse preferred holding 4,000 shares 5.95% Preferred Stock held indirectly by spouse

Net insider share change 838 shares (net buy) Net buy direction across reported transactions

Key Terms

open-market purchase, 5.95% Preferred Stock, Employees’ Thrift Plan Trust, beneficial interest, +1 more

5 terms

open-market purchase financial

"reported open-market purchases of the company’s 5.95% Preferred Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

5.95% Preferred Stock financial

"reported open-market purchases of the company’s 5.95% Preferred Stock"

Employees’ Thrift Plan Trust financial

"common shares held by the issuer’s Employees’ Thrift Plan Trust"

beneficial interest financial

"for which Stark disclaims any beneficial interest"

indirectly by his spouse financial

"4,000 preferred shares held indirectly by his spouse"

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^*

Stark Eugene S

(Last) (First) (Middle)

GENERAL AMERICAN INVESTORS COMPANY, INC.

530 FIFTH AVE - 26TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GENERAL AMERICAN INVESTORS CO INC [ GAM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Administration/CCO/PFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

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
GAM								10,000	D(1)
GAM								101,303	I(4)	By Thrift Plan Trust
5.95% Preferred Stock	03/27/2026		P		200	A	$24.92	27,211	D(1)
5.95% Preferred Stock	03/30/2026		P		638	A	$24.95	27,849	D(1)
5.95% Preferred Stock								12,000	D(3)
5.95% Preferred Stock								4,000	I(2)	By Spouse

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. Shares held in joint account with spouse.

2. Shares held by the undersigned's spouse in an IRA account.

3. Shares held by the undersigned in an IRA account.

4. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.

	/s/Eugene S. Stark	03/30/2026
	** 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 trades did Eugene S. Stark report for GENERAL AMERICAN INVESTORS (GAM)?

Eugene S. Stark reported two open-market purchases of GAM’s 5.95% Preferred Stock, buying 638 shares at $24.95 and 200 shares at $24.92. These transactions total 838 shares and increase his direct preferred holdings.

At what prices did GAM executive Eugene S. Stark buy 5.95% Preferred Stock?

Stark bought GAM’s 5.95% Preferred Stock at $24.95 per share on March 30, 2026 and $24.92 per share on March 27, 2026. Both were reported as open-market purchases of non-derivative securities.

How many GAM 5.95% Preferred shares does Eugene S. Stark hold after these trades?

After the March 30, 2026 purchase, Stark directly holds 27,849 shares of GAM’s 5.95% Preferred Stock. The filing also notes 4,000 preferred shares held indirectly by his spouse, in addition to his common share positions.

What common stock holdings does Eugene S. Stark report in GAM?

Stark reports 10,000 GAM common shares held directly and 101,303 common shares held indirectly through the issuer’s Employees’ Thrift Plan Trust. He disclaims any beneficial interest in the Thrift Plan shares, as stated in the footnotes.

Are any of Eugene S. Stark’s GAM holdings through family or benefit plans?

Yes. The filing lists 4,000 5.95% Preferred shares held indirectly by his spouse and 101,303 common shares held by the issuer’s Employees’ Thrift Plan Trust. Stark expressly disclaims beneficial interest in the Thrift Plan shares in the footnotes.