GAM (GAM) CEO boosts 5.95% preferred stake with 800-share purchase

Rhea-AI Filing Summary

GENERAL AMERICAN INVESTORS CO INC reported an insider purchase by its President & CEO, Jeffrey W. Priest. On March 12, 2026, he made an open‑market purchase of 800 shares of the company’s 5.95% Preferred Stock at $24.90 per share, increasing his directly held preferred stake to 35,691 shares.

The filing also details his direct and indirect holdings of GAM common and 5.95% Preferred Stock through arrangements such as a parent account, power of attorney, and the Issuer's Employees' Thrift Plan Trust. For certain indirect holdings, Priest has dispositive power but disclaims any beneficial interest in those shares.

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

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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^*

Priest Jeffrey W

(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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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								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	03/12/2026		P		800	A	$24.9	35,691	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	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did GAM President & CEO Jeffrey W. Priest report?

Jeffrey W. Priest reported an open-market purchase of 800 shares of GENERAL AMERICAN INVESTORS CO INC 5.95% Preferred Stock at $24.90 per share. This transaction increased his directly held preferred position to 35,691 shares, according to the Form 4 filing.

On what date did the GAM CEO buy 5.95% Preferred Stock shares?

The GAM President & CEO’s purchase occurred on March 12, 2026. On that date, he acquired 800 shares of 5.95% Preferred Stock in an open-market transaction at a price of $24.90 per share, as disclosed in the Form 4.

How many 5.95% Preferred Stock shares does Jeffrey W. Priest hold directly after the transaction?

Following the March 12, 2026 purchase, Jeffrey W. Priest directly holds 35,691 shares of GENERAL AMERICAN INVESTORS CO INC 5.95% Preferred Stock. This figure reflects his position after adding the 800 shares acquired at $24.90 each in the reported transaction.

Does the GAM CEO have indirect holdings in the company’s securities?

Yes. The Form 4 lists indirect holdings of GAM common and 5.95% Preferred Stock held by a parent account, under power of attorney, and by the Issuer's Employees' Thrift Plan Trust. In some of these, Priest has dispositive power but disclaims beneficial interest in the shares.

What does it mean that the GAM CEO disclaims beneficial interest in some shares?

Disclaiming beneficial interest means Jeffrey W. Priest states he should not be treated as the economic owner of certain indirectly held shares. For example, shares held by a parent account or the Issuer's Employees' Thrift Plan Trust are reported, but he disclaims any beneficial interest in those positions.

Were any GAM shares sold in this Form 4 filing by Jeffrey W. Priest?

No sales were reported. The transaction summary shows one open-market purchase totaling 800 shares of 5.95% Preferred Stock and no reported sales. The remaining entries in the filing describe holdings and indirect positions rather than additional buy or sell transactions.