Gabelli Multimedia Trust (NYSE: GGT) amended insider filing shows 18,000 shares sold and Section 16 disgorgement
Rhea-AI Filing Summary
Mario J. Gabelli, a director and control person of the adviser to Gabelli Multimedia Trust Inc. (GGT), has filed an amended Form 4 to correct a previously reported stock sale. The filing states that an initial transaction reported as 2,000 common shares sold on 12/09/2025 should have been reported as 9,000 common shares sold, at a sale price of about $4.18 per share. A second sale of 9,000 common shares on 12/10/2025 at $4.18 per share is also reported. Following these transactions, indirect holdings include 1,151,396 GGT shares through GGCP, Inc., 31,000 shares through GAMCO Investors, Inc., 432,582 shares through Associated Capital Group, Inc., 2,918 shares through Gabelli & Company Investment Advisers, Inc., and 33,500 shares through GPJ Retirement Partners, plus 1,020,654 shares held directly. The filing notes that disgorgement will be paid to the issuer for the 12/09/2025 sale under Section 16, and that Mr. Gabelli disclaims beneficial ownership of shares exceeding his indirect pecuniary interests in the related entities.
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FAQ
What did Mario J. Gabelli report in this amended Form 4 for GGT?
The amended Form 4 reports that a transaction previously shown as 2,000 Gabelli Multimedia Trust Inc. (GGT) common shares sold on 12/09/2025 should have been reported as a sale of 9,000 common shares, and it also reports a separate sale of 9,000 common shares on 12/10/2025.
At what prices were the GGT shares sold in the corrected transactions?
The corrected sale on 12/09/2025 involved 9,000 GGT common shares at a sale price of $4.1817 per share, and the 12/10/2025 sale involved 9,000 shares at $4.18 per share.
How many GGT shares does Mario J. Gabelli report as beneficially owned after the transactions?
After the reported transactions, the filing lists 1,151,396 GGT shares indirectly through GGCP, Inc., 31,000 through GAMCO Investors, Inc., 432,582 through Associated Capital Group, Inc., 2,918 through Gabelli & Company Investment Advisers, Inc., 33,500 through GPJ Retirement Partners, and 1,020,654 shares held directly.
What does the filing say about disgorgement related to the GGT stock sale?
The filing states that disgorgement will be paid to the issuer for the 12/09/2025 sale under Section 16, reflecting the sale price and Mr. Gabelli's pecuniary interest in the selling entity.
What is Mario J. Gabelli’s relationship to Gabelli Multimedia Trust Inc. (GGT)?
The filing indicates that Mario J. Gabelli is a director of the issuer and a control person of the adviser to Gabelli Multimedia Trust Inc. (GGT).
Why does the filing mention that Mario J. Gabelli disclaims beneficial ownership of certain GGT shares?
For each related entity (GGCP, GAMCO, Associated Capital Group, Gabelli & Company Investment Advisers, and GPJ Retirement Partners), the filing notes that Mr. Gabelli has less than a 100% interest and therefore disclaims beneficial ownership of shares held by those entities that exceed his indirect pecuniary interest.