HEITMANN WILLIAM F 4
4 · GABELLI EQUITY TRUST INC · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
GAB Director William Heitmann Exercises Purchase Rights for 17,948 Shares
What Happened William F. Heitmann, a director of Gabelli Equity Trust (GAB), acquired 17,948 common shares on 2026-04-28 by exercising common stock purchase rights. The shares were acquired at $5.00 per share for a total reported value of $89,740. This was an acquisition (purchase) rather than a sale.
Key Details
- Transaction date: 2026-04-28; filing date (Form 4): 2026-04-29 (appears timely, next-day filing).
- Transaction code: J (other acquisition/disposition); footnote F1 clarifies these shares were acquired through exercise of common stock purchase rights.
- Price per share: $5.00; total value: $89,740.
- Shares owned after the transaction: not specified in the provided filing details.
- Accession number: 0001196116-26-000003.
Context Exercising purchase rights means the insider used a contractual right to buy shares (different from a stock option exercise or open-market purchase). Such acquisitions are factual indicators of insider buying but do not, by themselves, explain the insider’s motive. This filing reports an acquisition rather than a sale or gift.
Insider Transaction Report
- Other
Common Stock, Par Value $0.001
[F1]2026-04-28$5.00/sh+17,948$89,740→ 197,422 total
Footnotes (1)
- [F1]The reporting person acquired these common shares through the exercise of common stock purchase rights.