LGL Group director exercises subscription rights at 6.9000
Marc Gabelli, a director and more than 10% owner of LGL Group Inc., reported exercising subscription rights on July 15, 2026 to acquire Common Stock at 6.9000 per share.
Rhea-AI Filing Summary
Marc Gabelli, a director and more than 10% owner of LGL Group Inc., reported exercising subscription rights on July 15, 2026 to acquire Common Stock at 6.9000 per share. He exercised rights for 114,523 shares held directly and 764,303 shares held indirectly through Venator Merchant Fund, L.P. Following these exercises, he holds 2,009,121 LGL shares directly and 2,378,606 shares indirectly via the limited partnership, while the Subscription Rights positions were reduced to zero.
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Insights
Analyzing...
Insider Trade Summary
878,826 shares exercised/converted
Exercise
4 txns
Insider
GABELLI MARC
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Subscription Rights (right to purchase) | 114,523 | $0.00 | $0.00 |
| In-the-Money Exercise | Subscription Rights (right to purchase) F1 | 764,303 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock | 1,854,015 | $6.90 | $12.79M |
| In-the-Money Exercise | Common Stock F1 | 1,477,660 | $6.90 | $10.20M |
Holdings After Transaction:
Subscription Rights (right to purchase) — 0 contracts (Direct);
Subscription Rights (right to purchase) — 0 contracts (Indirect, Shares held by Ltd. Partnership);
Common Stock — 2,009,121 shares (Direct);
Common Stock — 2,378,606 shares (Indirect, Shares held by Ltd. Partnership)
Footnotes (1)
- F1. These shares are beneficially owned by Venator Merchant Fund, L.P. ("Venator Fund") and Venator Global LLC ("Venator Global"). Venator Global, which is the sole general partner of Venator Fund, is deemed to have beneficial ownership of the securities owned by Venator Fund. Marc Gabelli is the President of Venator Fund.
Key Figures
Direct Subscription Rights exercised: 114523.0000 rights
Indirect Subscription Rights exercised: 764303.0000 rights
Exercise price: 6.9000 per share
+4 more
7 metrics
Direct Subscription Rights exercised
114523.0000 rights
Subscription Rights (right to purchase) exercised on 2026-07-15 at 6.9000 per share
Indirect Subscription Rights exercised
764303.0000 rights
Indirect Subscription Rights held by Ltd. Partnership exercised on 2026-07-15 at 6.9000 per share
Exercise price
6.9000 per share
Conversion or exercise price for Subscription Rights into Common Stock
Direct Common Stock acquired
1854015.0000 shares
Non-derivative Common Stock acquired via exercise on 2026-07-15 at 6.9000 per share
Indirect Common Stock acquired
1477660.0000 shares
Non-derivative Common Stock acquired indirectly via exercise on 2026-07-15 at 6.9000 per share
Direct holdings after transaction
2009121.0000 shares
Total direct Common Stock held following the reported transactions
Indirect holdings after transaction
2378606.0000 shares
Total indirect Common Stock held through Venator Merchant Fund, L.P. after the transactions
Key Terms
Subscription Rights (right to purchase), beneficially owned, general partner, limited partnership
4 terms
Subscription Rights (right to purchase) financial
"Security title reported as Subscription Rights (right to purchase)"
beneficially owned financial
"These shares are beneficially owned by Venator Merchant Fund, L.P."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
general partner financial
"Venator Global, which is the sole general partner of Venator Fund"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
limited partnership financial
"Venator Merchant Fund, L.P. is referenced as a limited partnership holder"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Marc Gabelli report for LGL (LGL) on July 15, 2026?
Marc Gabelli reported exercising Subscription Rights into LGL Common Stock at 6.9000 per share. He exercised rights on 114,523 direct and 764,303 indirect units, acquiring 1,854,015 direct and 1,477,660 indirect LGL shares in related Common Stock transactions.
What Subscription Rights tied to LGL (LGL) did entities associated with Marc Gabelli exercise?
Subscription Rights covering 764,303 underlying LGL Common Stock shares were exercised in an indirect transaction attributed to Venator Merchant Fund, L.P. Venator Global LLC, as general partner of Venator Fund, is deemed to have beneficial ownership of securities owned by that limited partnership.
At what price were Marc Gabelli’s LGL (LGL) Subscription Rights exercised?
The Subscription Rights to purchase LGL Common Stock were exercised at an exercise price of 6.9000 per share. This same per-share amount is reported as the transaction price for the resulting Common Stock acquisitions on July 15, 2026.
Were Marc Gabelli’s July 2026 LGL (LGL) transactions under a Rule 10b5-1 trading plan?
No. The Form 4 data indicate the Rule 10b5-1 checkbox was not marked, meaning these LGL-related transactions were not reported as executed pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
How are Marc Gabelli’s indirect LGL (LGL) holdings structured after the exercises?
Indirect LGL ownership of 2,378,606 Common Stock shares is reported as held by Venator Merchant Fund, L.P. Venator Global LLC, as sole general partner of Venator Fund, is deemed to have beneficial ownership; Marc Gabelli is identified as President of Venator Fund.
AI-generated analysis. How Rhea-AI works. Not financial advice.
