LICT Corp 4
4 · MachTen, Inc. · Filed Sep 5, 2023
Insider Transaction Report
Form 4
MachTen, Inc.MACT
LICT Corp
10% Owner
Transactions
- Other
Common Stock
2023-08-31+4,200→ 605,980 total
Holdings
- 226,350(indirect: See Footnote)
Common Stock
- 735,750
Common Stock
Footnotes (3)
- [F1]LICT Corporation ("LICT") consummated the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 31, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Distribution") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). The shares reported herein reflect shares acquired by LICT in the Distribution resulting from open market purchases of LICT common stock with a right to the Distribution subsequent to the Record Date but prior to the Distribution Date.
- [F2]Mario J. Gabelli beneficially owns these shares of common stock directly and through a trust over which he has sole voting and dispositive power over the shares held therein.
- [F3]Mr. Gabelli may be deemed to beneficially own these shares of common stock, which are owned by GGCP, Inc. ("GGCP") via GGCP Holdings, LLC ("Holdings"). Mr. Gabelli may be deemed to have beneficial ownership of the shares to be held by Holdings on the basis of (i) his position as the Chief Executive Officer, a director and the controlling shareholder of GGCP, which is the manager and the majority member of Holdings, and (ii) a certain profit interest in Holdings. Mr. Gabelli disclaims beneficial ownership of the shares to be owned by Holdings except to the extent of his pecuniary interest therein.