GABELLI MARIO J 4
4 · GDL FUND · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
GDL FUND (GDL) 10% Owner Mario J. Gabelli Sells 800 Shares
What Happened Mario J. Gabelli, reported as a 10% owner, executed a sale of 800 shares of GDL FUND (GDL) on 2026-02-23. The shares were sold at $8.52 per share for a total proceeds of $6,816. This transaction is coded as a sale (S) on the Form 4 and is described in the filing as an "open market or private sale." Sales are often routine and do not necessarily indicate a change in company outlook.
Key Details
- Transaction date and price: 2026-02-23 — 800 shares sold at $8.52 per share.
- Total value: $6,816.
- Transaction code: S (Sale); filing describes it as "Open market or private sale."
- Filing date: 2026-02-24 — filed one day after the reported transaction (timely).
- Shares owned after transaction: Not specified in the provided summary of the filing.
- Footnotes: Several footnotes (F1–F5) clarify that the reported shares reflect holdings of affiliated entities (Associated Capital Group, Gabelli & Company Investment Advisers, GGCP, GPJ Retirement Partners, and GAMCO). Mr. Gabelli is a controlling shareholder or officer of those entities but disclaims beneficial ownership beyond his indirect pecuniary interest.
Context
- This is a sale by a 10% owner and may reflect transactions by affiliated entities rather than direct personal trading. Such sales are common and do not by themselves indicate management sentiment about the company’s prospects.
Insider Transaction Report
Form 4
GDL FUNDGDL
GABELLI MARIO J
Director10% OwnerOther
Transactions
- Sale
Common Shares, Par Value $0.001
2026-02-23$8.52/sh−800$6,816→ 2,747,977 total
Holdings
- 1,846,636(indirect: Associated Capital Group, Inc.)
Common Shares, Par Value $0.001
[F1] - 7,364(indirect: Gabelli & Company Investment Advisers, Inc.)
Common Shares, Par Value $0.001
[F2] - 242,000(indirect: GGCP, Inc.)
Common Shares, Par Value $0.001
[F3] - 48,000(indirect: GPJ Retirement Partners)
Common Shares, Par Value $0.001
[F4] - 57,252(indirect: GAMCO Investors, Inc.)
Common Shares, Par Value $0.001
[F5]
Footnotes (5)
- [F1]The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
- [F2]The shares reported reflect the total shares owned by Gabelli & Company Investment Advisers, Inc. (GCIA), a wholly owned subsidiary of Associated Capital Group, Inc. Mr. Gabelli has less than a 100% interest in GCIA and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
- [F3]The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
- [F4]The shares reported reflect the total shares owned by GPJ Retirement Partners, LLC, a limited liability company. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
- [F5]The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO. Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
Signature
Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli|2026-02-24