Mario J. Gabelli - 07 Mar 2023 Form 4 Insider Report for Associated Capital Group, Inc. (AC)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI, GGCP, INC., and GGCP HOLDINGS, LLC
Issuer symbol: AC
Transactions as of: 07 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2023, 15:56:56 UTC
Previous filing: 16 Feb 2023
Next filing: 28 Mar 2023
SEC: View on sec.gov

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AC	Class A Common Stock						5,000	07 Mar 2023	Direct
holding	AC	Class A Common Stock						77,165	07 Mar 2023	By: GCCP, Inc.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AC	Class B Common Stock	Gift	$0	-280,000	-1.5%	$0.000000	18,425,673	07 Mar 2023	Class A Common Stock			See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Class B Common Stock of the Issuer is convertible at the option of the holder on a one-for-one basis into Class A Common Stock of the Issuer and has no expiration date.
F2	Mario J. Gabelli is the Executive Chairman of AC and controls a majority of AC's voting power through his direct ownership of AC common stock and his position as CEO, a Director and the controlling shareholder GGCP, Inc., which, through its intermediate subsidiary GGCP Holdings, LLC, controls a majority of the AC's voting power. Mario J. Gabelli beneficially owns 18,423,741 shares of the Issuer's Class B Common Stock through GGCP Holdings LLC and 1,932 shares of the Issuer's Class B Common Stock directly.

Content

The Class B Common Stock of the Issuer is convertible at the option of the holder on a one-for-one basis into Class A Common Stock of the Issuer and has no expiration date.

Mario J. Gabelli is the Executive Chairman of AC and controls a majority of AC's voting power through his direct ownership of AC common stock and his position as CEO, a Director and the controlling shareholder GGCP, Inc., which, through its intermediate subsidiary GGCP Holdings, LLC, controls a majority of the AC's voting power. Mario J. Gabelli beneficially owns 18,423,741 shares of the Issuer's Class B Common Stock through GGCP Holdings LLC and 1,932 shares of the Issuer's Class B Common Stock directly.