HEITMANN WILLIAM F 4

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.