General American Investors (NYSE: GAM) VP adds 838 preferred shares in buys

Rhea-AI Filing Summary

General American Investors VP Administration/CCO/PFO Eugene S. Stark made open‑market purchases of the company’s 5.95% Preferred Stock. He bought 200 shares on March 27 at $24.92 per share and 638 shares on March 30 at $24.95 per share, totaling 838 shares.

After these trades, Stark directly owns 27,849 shares of 5.95% Preferred Stock and an additional 4,000 preferred shares are held indirectly by his spouse. He also directly holds 10,000 common shares. A further 101,303 common shares are held by the issuer’s Employees’ Thrift Plan Trust, and he disclaims any beneficial interest in those trust shares.

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 buy 1: 200 shares at $24.92 Preferred buy 2: 638 shares at $24.95 Net shares bought: 838 shares +4 more

7 metrics

Preferred buy 1 200 shares at $24.92 5.95% Preferred Stock bought on March 27, 2026

Preferred buy 2 638 shares at $24.95 5.95% Preferred Stock bought on March 30, 2026

Net shares bought 838 shares Total 5.95% Preferred Stock purchased in these transactions

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

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

Direct common holdings 10,000 shares GAM common stock held directly

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

Key Terms

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

5 terms

open-market purchase financial

"transaction_action: open-market purchase for the preferred stock buys"

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

"security_title: 5.95% Preferred Stock for the reported purchases"

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."

IRA account financial

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

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 did Eugene S. Stark report in this Form 4 for GAM?

Eugene S. Stark reported open‑market purchases of 838 shares of General American Investors’ 5.95% Preferred Stock. These buys occurred on March 27 and March 30 at prices just under $25 per share, increasing his direct preferred holdings.

How many GAM preferred shares did Stark buy and at what prices?

Stark bought 200 preferred shares on March 27 at $24.92 each and 638 preferred shares on March 30 at $24.95 each. In total, he purchased 838 shares of General American Investors’ 5.95% Preferred Stock in these transactions.

What are Eugene S. Stark’s GAM preferred stock holdings after these trades?

After the transactions, Stark directly holds 27,849 shares of General American Investors’ 5.95% Preferred Stock. In addition, his spouse holds 4,000 preferred shares indirectly attributed to him, reflecting family‑related ownership outside his direct account.

How many GAM common shares are associated with Eugene S. Stark?

Stark directly owns 10,000 common shares of General American Investors. Another 101,303 common shares are held by the issuer’s Employees’ Thrift Plan Trust, and a footnote states he disclaims any beneficial interest in those trust‑held shares.

Does the Form 4 indicate any sales or derivative exercises by Stark?

The Form 4 shows no sales or derivative exercises. It reports only two open‑market purchases of the 5.95% Preferred Stock totaling 838 shares, plus several holding entries that describe his direct, spousal, and plan‑related ownership positions in General American Investors.

How is the Thrift Plan Trust ownership of GAM shares described?

The filing notes that 101,303 common shares are held by the issuer’s Employees’ Thrift Plan Trust. A footnote explicitly states that Stark disclaims any beneficial interest in these shares, meaning they are attributed to the plan, not to him personally.