Marc Gabelli - Jun 25, 2024 Form 4 Insider Report for Associated Capital Group, Inc. (AC)

Role: Director
Signature: /s/ Marc Gabelli
Stock symbol: AC
Transactions as of: Jun 25, 2024
Transactions value $: $342,800
Form type: 4
Date filed: 8/13/2024, 04:04 PM
Previous filing: Mar 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AC	Class A Common Stock						20.8K	Jun 25, 2024	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	$343K	+10K		$34.28	10K	Jun 25, 2024	Class A Common Stock	10K	$0.00	Direct	F1, F2
holding	AC	Class B Common Stock						81K	Jun 25, 2024	Class A Common Stock			Direct	F3

* 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.
F3	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.