How does the Form 4 classify Salvatore J. Zizza’s GDV share ownership?

The Form 4 shows both direct and indirect ownership. It reports 1,500 common shares held directly and a separate indirect position of 1,586 common shares held “By spouse,” indicating beneficial ownership through a related account rather than solely in his own name.

Director Salvatore Zizza adds GDV (GDV) shares via spouse account purchase

Q: Was the GDV insider transaction a buy or sell of shares?

The GDV insider activity was a buy . A spouse-related account for director Salvatore J. Zizza purchased 500 common shares in an open-market transaction, with no reported sales, resulting in a net increase in his reported beneficial ownership.

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

GABELLI DIVIDEND & INCOME TRUST director Salvatore J. Zizza reported an indirect open-market purchase of common shares. A spouse-related account bought 500 common shares at $28.57 per share, bringing that indirect position to 1,586 shares. A separate line reflects 1,500 common shares held directly as a reported holding entry.

Insights

Director-linked account bought 500 GDV shares in a routine open-market purchase.

Director Salvatore J. Zizza reported an indirect open-market purchase of 500 common shares of GABELLI DIVIDEND & INCOME TRUST at $28.57 per share through a spouse-held account. This adds to existing indirect and direct positions.

The filing also lists 1,500 common shares held directly as a separate holding line, indicating an established stake. The transaction size is modest relative to typical institutional volumes and appears as a normal portfolio-building move rather than a transformative change in ownership.

Insider Trade Summary

Net Buyer: 500 shares ($14,285)

Net Buy 2 txns

Insider ZIZZA SALVATORE J

Role null

Bought 500 shs ($14K)

Type	Security	Shares	Price	Value
Purchase	Common Shares, Par Value $0.001	500	$28.57	$14K
holding	Common Shares, Par Value $0.001	--	--	--

Holdings After Transaction: Common Shares, Par Value $0.001 — 1,586 shares (Indirect, By spouse); Common Shares, Par Value $0.001 — 1,500 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 500 shares Purchase price: $28.57 per share Indirect holdings after trade: 1,586 shares +1 more

4 metrics

Shares purchased 500 shares Open-market purchase by spouse-related account on 2026-01-12

Purchase price $28.57 per share Price for the 500 common shares bought

Indirect holdings after trade 1,586 shares Common shares held indirectly By spouse after purchase

Direct holdings reported 1,500 shares Common shares held directly as of 2026-01-12

Key Terms

open-market purchase, indirect ownership, By spouse, Common Shares, Par Value $0.001

4 terms

open-market purchase financial

"A spouse-related account bought 500 common shares at $28.57 per share in an open-market purchase"

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.

indirect ownership financial

"bringing that indirect position to 1,586 shares"

By spouse financial

"indirect, nature_of_ownership "By spouse""

Common Shares, Par Value $0.001 financial

"security_title "Common Shares, Par Value $0.001""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 02:32 PM Accepted by SEC EDGAR 07/01/2026 - 02:31 PM

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^*

ZIZZA SALVATORE J

(Last)

(First)

(Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE

NEW YORK

10580

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GABELLI DIVIDEND & INCOME TRUST [ GDV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, Par Value $0.001	01/12/2026		P		500	A	$28.57	1,586	I	By spouse
Common Shares, Par Value $0.001								1,500	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	John C. Ball as Attorney-in-Fact for Salvatore J. Zizza	07/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did GDV director Salvatore J. Zizza report?

Director Salvatore J. Zizza reported an indirect open-market purchase of 500 GABELLI DIVIDEND & INCOME TRUST common shares at $28.57 per share. The shares are held through a spouse-related account, increasing that indirect holding to a reported total of 1,586 shares.

Was the GDV insider transaction a buy or sell of shares?

The GDV insider activity was a buy. A spouse-related account for director Salvatore J. Zizza purchased 500 common shares in an open-market transaction, with no reported sales, resulting in a net increase in his reported beneficial ownership.

How many GDV shares does Salvatore J. Zizza report owning after the transaction?

After the reported transaction, Salvatore J. Zizza shows 1,586 common shares held indirectly through a spouse-related account and 1,500 common shares held directly. These figures come from separate lines listing indirect and direct ownership positions in the Form 4 filing.

At what price were the newly purchased GDV shares acquired?

The 500 newly acquired GABELLI DIVIDEND & INCOME TRUST common shares were bought at $28.57 per share. This price reflects the open-market purchase reported in the Form 4 and applies specifically to the indirect transaction through the spouse-related account.