Mario J. Gabelli - Aug 28, 2024 Form 4 Insider Report for M-tron Industries, Inc. (MPTI)

Role
10%+ Owner
Signature
/s/ Douglas R. Jamieson, Attorney-In-Fact for Mario J. Gabelli
Stock symbol
MPTI
Transactions as of
Aug 28, 2024
Transactions value $
$0
Form type
4
Date filed
8/29/2024, 04:07 PM
Previous filing
Aug 27, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPTI Common Stock Gift $0 -3K -1.7% $0.00 174K Aug 28, 2024 Direct F1
holding MPTI Common Stock 172K Aug 28, 2024 By: GGCP, Inc. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were gifted to a charity.
F2 These shares are owned by GGCP, Inc. ("GGCP"). Mr. Gabelli is deemed the beneficial owner of the shares owned by GGCP since he is the Chief Executive Officer, a director and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.