GABELLI MARIO J 4

What Happened

• Mario J. Gabelli, a director and control person of the fund’s adviser, acquired a total of 240,365 common shares of Gabelli Equity Trust by exercising common stock purchase rights. The transactions occurred on 2026-04-28 and consist of 156,197 shares at $5.00 each ($780,985) and 84,168 shares at $5.00 each ($420,840), for a combined cost of $1,201,825. These are acquisitions (purchases) rather than sales.

Key Details

• Transaction date: 2026-04-28; Filing date: 2026-04-29 (timely filing).
• Prices and quantities: 156,197 shares @ $5.00 ($780,985) and 84,168 shares @ $5.00 ($420,840); total 240,365 shares for $1,201,825.
• Transaction type/code: Other acquisition or disposition (J) — acquired via exercise of common stock purchase rights (footnote F1).
• Shares owned after transaction: Not specified in the filing; the reported shares reflect holdings of GGCP, Inc. (see footnote F2).
• Footnotes: F1 — shares acquired through exercise of common stock purchase rights. F2 — shares reported reflect holdings of GGCP, Inc.; Mario J. Gabelli is CEO, director and controlling shareholder of GGCP but disclaims beneficial ownership of shares held by GGCP beyond his indirect pecuniary interest.

Context

• This was an exercise of purchase rights (a form of acquiring shares) rather than an open-market buy or a sale. The filing shows the acquisition was effected through GGCP, Inc., an entity Gabelli controls; he does not claim direct beneficial ownership of all shares held by GGCP beyond his indirect interest. No indication of immediate resale (cashless exercise) or of a trading plan in the filing.