GAM (GAM) senior VP adds 5.95% preferred shares in open-market buys

Rhea-AI Filing Summary

General American Investors Company senior vice president Anang K. Majmudar reported open-market purchases of the company’s 5.95% Preferred Stock. On February 3, 2026, he bought 1,700 shares at $25 per share, and on February 4, 2026, he bought an additional 1,095 shares at $25 per share.

After these transactions, he directly owned 10,500 shares of 5.95% Preferred Stock. He also reported 5,218 common shares held directly and 33,624 common shares held indirectly by the issuer’s Employees’ Thrift Plan Trust, where he disclaims any beneficial interest in those trust-held shares.

Insider Trade Summary

Net Buyer: 2,795 shares ($69,875)

Net Buy 4 txns

Insider Majmudar Anang K.

Role Senior Vice-President

Bought 2,795 shs ($70K)

Type	Security	Shares	Price	Value
Purchase	5.95% Preferred Stock	1,095	$25.00	$27K
Purchase	5.95% Preferred Stock	1,700	$25.00	$43K
holding	GAM	--	--	--
holding	GAM	--	--	--

Holdings After Transaction: 5.95% Preferred Stock — 10,500 shares (Direct); GAM — 5,218 shares (Direct); 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.

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 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)
	Senior Vice-President

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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								5,218	D
GAM								33,624	I(1)	By Thrift Plan Trust
5.95% Preferred Stock	02/03/2026		P		1,700	A	$25	9,405	D(2)
5.95% Preferred Stock	02/04/2026		P		1,095	A	$25	10,500	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	02/04/2026
	** 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.

FAQ

What insider transactions did GAM senior vice president Anang K. Majmudar report?

He reported two open-market purchases of 5.95% Preferred Stock. On February 3, 2026, he purchased 1,700 shares at $25 per share, and on February 4, 2026, he purchased 1,095 shares at $25 per share, both reported as direct ownership.

How many GAM 5.95% Preferred shares does Anang K. Majmudar hold after these trades?

Following the reported purchases, he directly owned 10,500 shares of 5.95% Preferred Stock. This total reflects the addition of 1,700 shares bought on February 3, 2026, and 1,095 shares bought on February 4, 2026, both at $25 per share.

What was the purchase price for GAM’s 5.95% Preferred Stock in these Form 4 transactions?

Both reported purchases were made at $25 per share. On February 3, 2026, he bought 1,700 shares at $25, and on February 4, 2026, he bought 1,095 shares at the same $25 price, according to the Form 4 filing details.

What common stock holdings of GAM did Anang K. Majmudar report on this Form 4?

He reported 5,218 common shares held directly and 33,624 common shares held indirectly through the issuer’s Employees’ Thrift Plan Trust. The filing notes he disclaims any beneficial interest in the shares held by the Thrift Plan Trust.

How are the Thrift Plan Trust shares in GAM attributed in Anang K. Majmudar’s Form 4?

The Form 4 lists 33,624 GAM common shares held indirectly “By Thrift Plan Trust.” A footnote explains these are held by the issuer’s Employees’ Thrift Plan Trust and states that the undersigned disclaims any beneficial interest in those shares.

Does the GAM Form 4 indicate any jointly held shares for Anang K. Majmudar?

Yes. A footnote specifies that certain shares are held in joint tenancy with spouse. This clarifies that some directly reported holdings reflect joint ownership, consistent with the explanation of responses contained in the Form 4 filing.