MELARKEY MICHAEL J 4

What Happened
Michael J. Melarkey, a director of Gabelli Dividend & Income Trust (GDV), made two open-market purchases on 2026-01-23. Each purchase was for 1,000 shares at $28.52 per share (transaction code P), totaling $28,520 each and $57,040 across both buys. Purchases (rather than sales) are generally treated as a more informative signal of insider buying activity.

Key Details

• Transaction date(s) and price(s): 2026-01-23 — two open-market purchases of 1,000 shares each at $28.52/share.
• Total value: $28,520 per trade; $57,040 aggregate.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 — "Mr. Melarkey is a managing member of Le Cle Investments whose controlling members include trusts controlled by Mr. Melarkey."
• Filing timeliness: The Form 4 was filed on 2026-07-02 for transactions dated 2026-01-23 — this is a late filing, which reduces the immediacy of the disclosure.

Context
These were straightforward open-market purchases (P = Purchase). While insider purchases can signal confidence, filings don't state motivations; the late filing means the market received this information several months after the trades.