[Form 4] THE GABELLI MULTIMEDIA TRUST INC. Insider Trading Activity

Rhea-AI Filing Summary

Mario J. Gabelli, a director and control person of Gabelli Multimedia Trust Inc. (GGT), made a small open-market purchase of 152 shares of GGT common stock at $4.24 per share on 09/02/2025, increasing his reported direct beneficial ownership to 1,020,654 shares. The filing also discloses indirect holdings attributable to entities linked to Mr. Gabelli: 432,582 shares via Associated Capital Group, Inc., 2,918 shares via Gabelli & Company Investment Advisers, Inc., 1,171,396 shares via GGCP, Inc., and 33,500 shares via GPJ Retirement Partners.

Insights

Financial Analyst

TL;DR: Insiders purchased a nominal amount; overall ownership remains concentrated through affiliated entities.

The reported purchase of 152 shares at $4.24 is immaterial to firm valuation but signals a minor incremental direct stake by Mario J. Gabelli. Material ownership remains with affiliated entities, notably GGCP, Inc. and Associated Capital Group, Inc., which together represent substantial indirect positions. For investors, this filing documents insider alignment but does not represent a material change to ownership structure or control.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure reflecting common ownership layering through related entities; no governance red flags.

The disclosure clarifies the distinction between Mr. Gabelli's direct holdings and shares held by related entities, with customary disclaimers about indirect pecuniary interests. No officer departures, option exercises, or large disposals are reported. This is a standard Form 4 update consistent with governance transparency requirements.

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^*

GABELLI MARIO J

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GABELLI MULTIMEDIA TRUST INC. [ GGT ]

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

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Control Person of Adviser

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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
Common Stock, Par Value $0.001	09/02/2025		P		152	A	$4.24	1,020,654	D
Common Stock, Par Value $0.001								432,582	I	Associated Capital Group, Inc.(1)
Common Stock, Par Value $0.001								2,918	I	Gabelli & Company Investment Advisers, Inc.(2)
Common Stock, Par Value $0.001								1,171,396	I	GGCP, Inc.(3)
Common Stock, Par Value $0.001								33,500	I	GPJ Retirement Partners(4)

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. The shares reported reflect the total shares owned by Associated Capital Group, Inc. (AC). Mario J. Gabelli is the Executive Chair and controlling shareholder of AC. Mr. Gabelli has less than a 100% interest in AC and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

2. The shares reported reflect the total shares owned by Gabelli & Company Investment Advisers, Inc. (GCIA), a wholly owned subsidiary of Associated Capital Group, Inc. Mr. Gabelli has less than a 100% interest in GCIA and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.

3. The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

4. The shares reported reflect the total shares owned by GPJ Retirement Partners, LLC, a limited liability company. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.

	Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli	09/04/2025
	** 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 transaction did Mario J. Gabelli report for GGT?

The filing reports a purchase of 152 shares of GGT common stock at $4.24 per share on 09/02/2025.

How many GGT shares does Mario J. Gabelli directly own after the transaction?

Following the reported transaction, Mr. Gabelli's direct beneficial ownership is 1,020,654 shares.

Which entities hold indirect GGT shares linked to Mario J. Gabelli?

Indirect holdings disclosed are: 432,582 shares via Associated Capital Group, Inc., 2,918 via Gabelli & Company Investment Advisers, Inc., 1,171,396 via GGCP, Inc., and 33,500 via GPJ Retirement Partners.

Does the Form 4 indicate any derivative transactions or option activity for GGT?

No. Table II for derivative securities shows no reported transactions or derivative holdings in this filing.

Does the filing assert full beneficial ownership of shares held by affiliated entities?

No. The filing includes disclaimers that Mr. Gabelli has less than 100% interest in the affiliated entities and disclaims beneficial ownership beyond his indirect pecuniary interest.