GABELLI MARC 4

What Happened

• Marc Gabelli, a director of M-tron Industries, exercised subscription rights on April 20, 2026, converting 16,380 rights into 3,276 common shares. He paid $59.00 per share for a total cash outlay of $193,284.
• This was a purchase (conversion of rights into stock), not a sale; the filing shows the rights were disposed (extinguished) at $0 and the shares were acquired.

Key Details

• Transaction date: 2026-04-20; Filing date: 2026-04-28 (filed 8 days after the transaction — outside the typical 2-business-day Form 4 window).
• Shares acquired: 3,276 at $59.00 each — total $193,284.
• Derivative disposed: 16,380 subscription rights (disposed at $0.00) — these rights were used to acquire the shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: X (exercise of derivative/security).

Context

• Footnote: On March 30, 2026 the company issued one subscription right per share held as of March 27, 2026; five rights are required to purchase one share at $59.00. (16,380 rights ÷ 5 = 3,276 shares.)
• This was an exercise of subscription rights (not an option cashless sale). The filing shows shares were acquired rather than immediately sold. Purchases/ conversions like this are generally more informative than routine sales, but they do not by themselves indicate the insider’s future view beyond the fact of acquiring shares.