General American (NYSE: GAM) VP buys 3,000 shares of 5.95% preferred

Rhea-AI Filing Summary

General American Investors executive Eugene S. Stark, VP Administration/CCO/PFO, bought 3,000 shares of the company’s 5.95% Preferred Stock in an open-market transaction at $24.95 per share. After this purchase, his directly held 5.95% Preferred Stock position reported in the filing totals 27,000 shares.

The filing also lists additional direct and indirect holdings of the company’s common stock and preferred stock, including shares held through a thrift plan trust where Stark disclaims any beneficial interest and shares held by his spouse.

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

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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^*

Stark Eugene S

(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)
	VP Administration/CCO/PFO

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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								10,000	D(1)
GAM								101,303	I(4)	By Thrift Plan Trust
5.95% Preferred Stock	03/13/2026		P		3,000	A	$24.95	27,000	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	03/16/2026
	** 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.
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FAQ

What did General American Investors (GAM) executive Eugene S. Stark do in this Form 4?

Eugene S. Stark reported an open-market purchase of 3,000 shares of General American Investors’ 5.95% Preferred Stock. The transaction increases his directly reported holdings of that preferred security and is disclosed as a routine insider buy in his capacity as a senior officer.

How many GAM 5.95% Preferred shares did Eugene S. Stark hold after the transaction?

After the reported purchase, Eugene S. Stark’s directly held 5.95% Preferred Stock position totals 27,000 shares. This figure comes from the post-transaction holdings column and reflects only this specific preferred security, separate from any common stock or indirect interests reported.

What price did Eugene S. Stark pay for the 5.95% Preferred Stock of GAM?

Stark’s open-market purchase of 5.95% Preferred Stock was executed at a price of $24.95 per share. This transaction price applies to all 3,000 shares he bought and is explicitly identified as an open-market purchase in the Form 4 transaction details.

Does the Form 4 show other General American Investors (GAM) holdings for Eugene S. Stark?

Yes. The Form 4 lists additional direct and indirect holdings of GAM common and 5.95% Preferred Stock. These include shares held directly, by a spouse, and through an Employees’ Thrift Plan Trust, for which Stark specifically disclaims any beneficial interest according to the filing’s footnotes.

How are Thrift Plan Trust shares of GAM treated in Eugene S. Stark’s Form 4?

Shares held by the issuer’s Employees’ Thrift Plan Trust are reported as indirect holdings, with a footnote stating Stark disclaims any beneficial interest. This means the shares are associated with the trust and not counted as his personal economic ownership, according to the disclosure language.

Is Eugene S. Stark’s GAM transaction a buy or a sell according to the filing data?

The Form 4 characterizes the reported transaction as an open-market purchase, coded as a buy. The transaction summary shows a net-buy of 3,000 shares, with no reported sales, indicating only purchasing activity in this filing for the 5.95% Preferred Stock.