LGL Group insider exercises stock rights at $6.90
Mario J. Gabelli, a more-than-10% shareholder of LGL Group Inc., reported exercising subscription rights on July 16, 2026 to acquire 572,324 shares of common stock indirectly through GGCP, Inc. and 621,928 shares directly at $6.90 per share.
Rhea-AI Filing Summary
Mario J. Gabelli, a more-than-10% shareholder of LGL Group Inc., reported exercising subscription rights on July 16, 2026 to acquire 572,324 shares of common stock indirectly through GGCP, Inc. and 621,928 shares directly at $6.90 per share. The corresponding subscription rights were fully exercised, leaving direct holdings of 1,292,596 shares and indirect holdings of 1,144,648 shares, with Gabelli disclaiming beneficial ownership of GGCP-held shares beyond his pecuniary interest.
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Insights
Analyzing...
Insider Trade Summary
1,194,252 shares exercised/converted
Exercise
4 txns
Insider
GABELLI MARIO J
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Subscription Rights (right to purchase) | 621,928 | $0.00 | $0.00 |
| In-the-Money Exercise | Subscription Rights (right to purchase) F1 | 572,324 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock | 621,928 | $6.90 | $4.29M |
| In-the-Money Exercise | Common Stock F1 | 572,324 | $6.90 | $3.95M |
Holdings After Transaction:
Subscription Rights (right to purchase) — 0 contracts (Direct);
Subscription Rights (right to purchase) — 0 contracts (Indirect, By: GGCP, Inc.);
Common Stock — 1,292,596 shares (Direct);
Common Stock — 1,144,648 shares (Indirect, By: GGCP, Inc.)
Footnotes (1)
- F1. These shares are owned by GGCP, Inc. ("GGCP"). Mr. Gabelli is deemed the beneficial owner of the shares owned by GGCP since he is the co-Chief Executive Officer, a director and a controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.
Key Figures
Indirect shares acquired: 572,324 shares
Direct shares acquired: 621,928 shares
Exercise price: $6.90 per share
+3 more
6 metrics
Indirect shares acquired
572,324 shares
Common stock acquired indirectly via subscription rights on July 16, 2026 at $6.90 per share
Direct shares acquired
621,928 shares
Common stock acquired directly via subscription rights on July 16, 2026 at $6.90 per share
Exercise price
$6.90 per share
Conversion or exercise price for the subscription rights into LGL Group common stock
Direct holdings after transactions
1,292,596 shares
Total LGL Group common stock held directly by Mario J. Gabelli after the exercises
Indirect holdings after transactions
1,144,648 shares
LGL Group common stock held indirectly through GGCP, Inc. after the exercises
Subscription rights exercised
1,194,252 rights
Total subscription rights exercised, matching 572,324 and 621,928 underlying common shares
Key Terms
Subscription Rights (right to purchase), beneficial owner, pecuniary interest, indirect ownership, +1 more
5 terms
Subscription Rights (right to purchase) financial
"Security title reported as "Subscription Rights (right to purchase)" for derivative entries"
beneficial owner financial
"Mr. Gabelli is deemed the beneficial owner of the shares owned by GGCP"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest"
indirect ownership financial
"Indirect ownership noted as "By: GGCP, Inc." for certain common stock transactions"
derivative security financial
"transaction code description states "Exercise of in-the-money or at-the-money derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Mario J. Gabelli report in his latest Form 4 for LGL (LGL)?
Mario J. Gabelli reported exercising subscription rights to acquire LGL Group common stock. On July 16, 2026 he received 572,324 shares indirectly through GGCP, Inc. and 621,928 shares directly, both at $6.90 per share, eliminating the related rights positions.
At what price were the LGL (LGL) subscription rights exercised?
The subscription rights to purchase LGL Group common stock were exercised at $6.90 per share. This exercise price applied to both the 572,324 indirectly held shares and the 621,928 directly held shares that Mario J. Gabelli received through the rights exercises.
What are Mario J. Gabelli’s LGL (LGL) holdings after these transactions?
After the reported transactions, Mario J. Gabelli’s direct LGL Group holdings total 1,292,596 common shares. Indirectly, through GGCP, Inc., he is deemed beneficial owner of 1,144,648 shares, while disclaiming ownership beyond his pecuniary interest in GGCP.
Did Mario J. Gabelli retain any LGL (LGL) subscription rights after the exercise?
No, the insider report shows zero subscription rights remaining after the exercises. The derivative entries for the rights indicate 572,324 and 621,928 rights were exercised and the positions reduced to 0.0000, fully converting into LGL Group common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
