Mario J. Gabelli - May 14, 2021 Form 4 Insider Report for GAMCO INVESTORS, INC. ET AL (GAMI)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI
Stock symbol: GAMI
Transactions as of: May 14, 2021
Transactions value $: -$638,139
Form type: 4
Date filed: 5/17/2021, 04:07 PM
Previous filing: May 13, 2021
Next filing: May 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GAMI	Class A Common Stock	Sale	-$258K	-10.2K	-0.55%	$25.29	1.86M	May 14, 2021	By: Associated Capital Group, Inc.
transaction	GAMI	Class A Common Stock	Sale	-$380K	-14.9K	-0.8%	$25.56	1.84M	May 17, 2021	By: Associated Capital Group, Inc.
holding	GAMI	Class A Common Stock						8.64K	May 14, 2021	Direct
holding	GAMI	Class A Common Stock						21K	May 14, 2021	By: GGCP, Inc.
holding	GAMI	Class A Common Stock						817K	May 14, 2021	By: Gabelli & Company Investment Advisers, Inc.
holding	GAMI	Class B Common Stock						453K	May 14, 2021	Direct	F1
holding	GAMI	Class B Common Stock						18.3M	May 14, 2021	By: GGCP Holdings, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to a resolution approved by the Issuer's Board of Directors, as of the date of this filing, there are 599,943 shares of Class B Stock that can be converted into Class A Stock.
F2	These shares of the Issuer's Class B Stock are held by GGCP Holdings, LLC ("Holdings") via GGCP, Inc. ("GGCP"). The Reporting Person may be deemed to have beneficial ownership of the Class B Stock held by Holdings on the basis of (i) his position as the Chief Executive Officer of, a director of, and the controlling shareholder of, GGCP, which is the manager and a majority member of Holdings, and (ii) certain profit interests in Holdings. The Reporting Person disclaims any beneficial ownership of Class B Stock held by Holdings except to the extent of his pecuniary interest therein.

Content

Pursuant to a resolution approved by the Issuer's Board of Directors, as of the date of this filing, there are 599,943 shares of Class B Stock that can be converted into Class A Stock.

These shares of the Issuer's Class B Stock are held by GGCP Holdings, LLC ("Holdings") via GGCP, Inc. ("GGCP"). The Reporting Person may be deemed to have beneficial ownership of the Class B Stock held by Holdings on the basis of (i) his position as the Chief Executive Officer of, a director of, and the controlling shareholder of, GGCP, which is the manager and a majority member of Holdings, and (ii) certain profit interests in Holdings. The Reporting Person disclaims any beneficial ownership of Class B Stock held by Holdings except to the extent of his pecuniary interest therein.