GAM CEO buys 5,000 preferred shares in open market

GENERAL AMERICAN INVESTORS CO INC President & CEO Jeffrey W. Priest reported an open-market purchase of 5,000 shares of the company’s 5.95% Preferred Stock at $24.685 per share.

Accepted by SEC EDGAR 04/08/2026 - 04:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

GENERAL AMERICAN INVESTORS CO INC President & CEO Jeffrey W. Priest reported an open-market purchase of 5,000 shares of the company’s 5.95% Preferred Stock at $24.685 per share. After this transaction, his directly held 5.95% Preferred position rose to 40,691 shares.

He also reports 45,611 shares of GAM common stock held directly, along with additional common and preferred shares held indirectly through a parent, a power-of-attorney arrangement, and the issuer’s Employees’ Thrift Plan Trust, where he has dispositive power but disclaims any beneficial interest in those indirect holdings.

Insider Trade Summary

Net Buyer: 5,000 shares

Net Buy 1 txn

Insider Priest Jeffrey W

Role President & CEO

Bought 5,000 shs ($123K)

Type	Security	Shares	Price	Value
Purchase	5.95% Preferred Stock	5,000	$24.685	$123K
Holding	GAM	--	--	--
Holding	GAM	--	--	--
Holding	GAM	--	--	--
Holding	GAM	--	--	--
Holding	5.95% Preferred Stock	--	--	--
Holding	5.95% Preferred Stock	--	--	--

Holdings After Transaction: 5.95% Preferred Stock — 40,691 shares (Direct); GAM — 45,611 shares (Direct); GAM — 34,592 shares (Indirect, By Parent); GAM — 78,756 shares (Indirect, By Power of Attorney); GAM — 25,754 shares (Indirect, By Thrift Plan Trust); 5.95% Preferred Stock — 7,739 shares (Indirect, By Parent); 5.95% Preferred Stock — 19,502 shares (Indirect, By Power of Attorney)

Footnotes (2)

1. F1. Mr. Priest has dispositive power but disclaims any beneficial interest in these shares.
2. F2. By Issuer's Employees' Thrift Plan Trust. The undersigned disclaims any beneficial interest in these shares.

Key Figures

Preferred shares bought: 5,000 shares Purchase price: $24.685 per share Direct 5.95% Preferred holdings: 40,691 shares +5 more

8 metrics

Preferred shares bought 5,000 shares 5.95% Preferred Stock open-market purchase

Purchase price $24.685 per share Price for 5.95% Preferred Stock on transaction date

Direct 5.95% Preferred holdings 40,691 shares Total 5.95% Preferred Stock after purchase

Direct GAM common holdings 45,611 shares Common stock owned directly after reported date

Indirect GAM common by Parent 34,592 shares Indirect common stock holding by Parent entity

Indirect GAM common by Power of Attorney 78,756 shares Indirect common stock via Power of Attorney

Indirect GAM common by Thrift Plan Trust 25,754 shares Common stock in Issuer’s Employees’ Thrift Plan Trust

Indirect 5.95% Preferred by Parent 7,739 shares Preferred stock held indirectly by Parent

Key Terms

open-market purchase, 5.95% Preferred Stock, dispositive power, beneficial interest, +2 more

6 terms

open-market purchase financial

"reported an open-market purchase of 5,000 shares 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

"5,000 shares of the company’s 5.95% Preferred Stock at $24.685 per share"

dispositive power financial

"Mr. Priest has dispositive power but disclaims any beneficial interest in these shares"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

beneficial interest financial

"dispositive power but disclaims any beneficial interest in these shares"

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.

Power of Attorney financial

"held indirectly through a parent, a power-of-attorney arrangement, and the issuer’s Employees’ Thrift Plan Trust"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

Employees’ Thrift Plan Trust financial

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

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Priest Jeffrey W

(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)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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								45,611	D
GAM								34,592	I(1)	By Parent
GAM								78,756	I(1)	By Power of Attorney
GAM								25,754	I(2)	By Thrift Plan Trust
5.95% Preferred Stock	04/08/2026		P		5,000	A	$24.685	40,691	D
5.95% Preferred Stock								7,739	I(1)	By Parent
5.95% Preferred Stock								19,502	I(1)	By Power of Attorney

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. Mr. Priest has dispositive power but disclaims any beneficial interest in these shares.

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

	/s/Jeffrey W. Priest	04/08/2026
	** 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)