GAM (NYSE: GAM) senior VP buys 500 shares of 5.95% preferred stock

Rhea-AI Filing Summary

GENERAL AMERICAN INVESTORS CO INC Senior Vice-President Anang K. Majmudar bought 500 shares of the company’s 5.95% Preferred Stock at $24.66 per share on April 20, 2026.

After this open-market purchase, he directly holds 12,000 preferred shares. He also has 5,218 common shares held directly, including shares held in joint tenancy with his spouse. In addition, 33,624 common shares are held by the Issuer's Employees' Thrift Plan Trust, for which he disclaims any beneficial interest.

Insider Trade Summary

Net Buyer: 500 shares ($12,330)

Net Buy 3 txns

Insider Majmudar Anang K.

Role Senior Vice-President

Bought 500 shs ($12K)

Type	Security	Shares	Price	Value
Purchase	5.95% Preferred Stock	500	$24.66	$12K
holding	GAM	--	--	--
holding	GAM	--	--	--

Holdings After Transaction: 5.95% Preferred Stock — 12,000 shares (Direct, null); GAM — 5,218 shares (Direct, null); GAM — 33,624 shares (Indirect, By Thrift Plan Trust)

Footnotes (1)

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

Key Figures

Preferred shares bought: 500 shares Purchase price: $24.66 per share Preferred shares after trade: 12,000 shares +3 more

6 metrics

Preferred shares bought 500 shares 5.95% Preferred Stock open-market purchase on April 20, 2026

Purchase price $24.66 per share Price for 5.95% Preferred Stock purchase

Preferred shares after trade 12,000 shares Total 5.95% Preferred Stock directly held after purchase

Common shares in Thrift Plan Trust 33,624 shares Common shares held by Issuer's Employees' Thrift Plan Trust; beneficial interest disclaimed

Direct common shares 5,218 shares GAM common stock held directly, including joint tenancy with spouse

Net buy shares 500 shares Net buy direction across reported transactions

Key Terms

open-market purchase, Employees' Thrift Plan Trust, beneficial interest, joint tenancy

4 terms

open-market purchase financial

"Transaction action is described as an open-market purchase of 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.

Employees' Thrift Plan Trust financial

"By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest."

beneficial interest financial

"The undersigned disclaims any beneficial interest in these shares held by the Thrift Plan Trust."

Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.

joint tenancy financial

"Footnote states that certain shares are held in joint tenancy with 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^*

Majmudar Anang K.

(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)
	Senior Vice-President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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								5,218	D
GAM								33,624	I(1)	By Thrift Plan Trust
5.95% Preferred Stock	04/20/2026		P		500	A	$24.66	12,000	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	04/21/2026
	** 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 did GAM executive Anang K. Majmudar purchase in this Form 4?

Anang K. Majmudar purchased 500 shares of GENERAL AMERICAN INVESTORS CO INC’s 5.95% Preferred Stock in an open-market transaction at $24.66 per share, increasing his direct preferred stock position.

How many GAM preferred shares does Anang K. Majmudar hold after this transaction?

After the reported trade, Anang K. Majmudar directly holds 12,000 shares of GENERAL AMERICAN INVESTORS CO INC’s 5.95% Preferred Stock, according to the position shown following the open-market purchase.

What common stock holdings of GAM are associated with Anang K. Majmudar?

The data show 5,218 GAM common shares held directly, including shares held in joint tenancy with spouse, and 33,624 common shares held by the Issuer's Employees' Thrift Plan Trust, for which he disclaims beneficial interest.

Does Anang K. Majmudar disclaim beneficial interest in any GAM shares?

Yes. The filing notes that 33,624 GAM common shares are held by the Issuer's Employees' Thrift Plan Trust, and Anang K. Majmudar disclaims any beneficial interest in those trust-held shares.

Is the reported GAM preferred stock transaction a buy or sell?

The reported preferred stock transaction is a buy. Anang K. Majmudar executed an open-market purchase of 500 shares of 5.95% Preferred Stock at $24.66 per share on April 20, 2026.