Peter D. Goldstein - May 30, 2023 Form 4 Insider Report for Associated Capital Group, Inc. (AC)

Role: Chief Legal Officer
Signature: /s/ Peter D. Goldstein
Stock symbol: AC
Transactions as of: May 30, 2023
Transactions value $: $99,025
Form type: 4
Date filed: 6/13/2023, 04:10 PM
Previous filing: Jun 17, 2021
Next filing: Aug 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AC	Class A Common Stock						1.69K	May 30, 2023	Direct

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	Phantom RSA	Award	$99K	+2.5K	+35.71%	$39.61	9.5K	May 30, 2023	Class A Common Stock	2.5K	$0.00	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each phantom RSA represents the right to receive the cash value of one share of Associated Capital Group, Inc. Class A common stock.
F2	Phantom RSAs are awarded pursuant to the Issuer's Stock Award and Incentive Plan and are payable in cash upon vesting. Thirty percent of these phantom RSAs vest after three years from the date of the award and the remaining seventy percent vest after five years from the date of the award.