General American Investors (NYSE: GAM) SVP reports 5.95% preferred stock purchase

Rhea-AI Filing Summary

General American Investors Company reported an insider transaction by Senior Vice-President Anang K. Majmudar. On 12/08/2025, the officer purchased 36 shares of the company’s 5.95% Preferred Stock at a price of $24.98 per share. After this transaction, he beneficially owned 7,641 shares of this preferred stock held directly in joint tenancy with his spouse.

The filing also shows 4,703 shares of GAM common stock held directly and 28,787 shares held indirectly through the issuer’s Employees’ Thrift Plan Trust, in which the reporting person disclaims beneficial 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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Majmudar Anang K.

(Last) (First) (Middle)

GENERAL AMERICAN INVESTORS COMPANY, INC.

530 FIFTH AVE - 26TH FLOOR

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

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)
	Senior Vice-President

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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
GAM								4,703	D
GAM								28,787	I(1)	By Thrift Plan Trust
5.95% Preferred Stock	12/08/2025		P		36	A	$24.98	7,641	D(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. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.

2. Shares held in joint tenancy with spouse.

	/s/Anang K. Majmudar	12/09/2025
	** 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.

FAQ

What insider transaction did GENERAL AMERICAN INVESTORS CO INC (GAM) report?

The company reported that Senior Vice-President Anang K. Majmudar purchased 36 shares of its 5.95% Preferred Stock on 12/08/2025 at $24.98 per share.

How many preferred shares does the GAM officer own after this Form 4 transaction?

Following the reported purchase, the officer beneficially owns 7,641 shares of 5.95% Preferred Stock, held directly in joint tenancy with his spouse.

What common stock holdings of GAM does the reporting person disclose?

The reporting person lists 4,703 shares of GAM common stock held directly and 28,787 shares held indirectly through the issuer’s Employees’ Thrift Plan Trust.

How are the indirectly held GAM shares characterized in this filing?

The 28,787 shares held through the issuer’s Employees’ Thrift Plan Trust are reported as indirect ownership, and the reporting person disclaims any beneficial interest in those shares.

What is the reporting person’s relationship to GENERAL AMERICAN INVESTORS CO INC?

The reporting person is an officer of GENERAL AMERICAN INVESTORS CO INC, serving as Senior Vice-President, and filed the form as a single reporting person.

Was this GAM Form 4 filed for one insider or multiple insiders?

The document indicates that it is a Form filed by One Reporting Person, covering the transactions of Anang K. Majmudar only.