GABELLI MARIO J 4

What Happened
Mario J. Gabelli, reported as a 10% owner, disposed of 10,342 shares of LGL Group on June 15, 2026. The transaction was a derivative sale at $0.01 per share for a total value of approximately $124. This was a sale (not a purchase), which is often routine and does not by itself indicate a change in company prospects.

Key Details

• Transaction date: 2026-06-15; Filing date (Form 4): 2026-06-16 (filed next day).
• Transaction type: Sale — derivative disposition (code S).
• Shares sold: 10,342 at $0.01 per share; total ≈ $124.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The shares are owned by GGCP, Inc. ("GGCP"). Mr. Gabelli is deemed the beneficial owner because he is co-CEO, a director, and a controlling shareholder of GGCP. He disclaims beneficial ownership of any shares held by GGCP beyond his pecuniary interest.

Context

• This was a derivative sale of shares held by an entity (GGCP) rather than a direct personal sale of individually held stock; Gabelli is a beneficial owner through that entity. For 10% owners and entity-held shares, transactions can reflect institutional or entity-level actions rather than personal trading decisions.
• The filing appears to have been submitted promptly (next day), so there is no indication of a late report in this record.