Neil S. Subin - 17 Oct 2022 Form 4 Insider Report for Gulf Coast Ultra Deep Royalty Trust (GULTU)

Role: 10%+ Owner
Signature: /s/ Neil S. Subin
Issuer symbol: GULTU
Transactions as of: 17 Oct 2022
Net transactions value: -$44,194
Form type: 4
Filing time: 19 Oct 2022, 18:03:28 UTC
Previous filing: 15 Sep 2022
Next filing: 15 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GULTU	Common Stock	Sale	$30,307	-606,135	-2.3%	$0.0500	25,588,953	17 Oct 2022	By Milfam II L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$3,223	-64,455	-2.3%	$0.0500	2,721,097	17 Oct 2022	By LIMFAM LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$2,040	-40,801	-2.3%	$0.0500	1,722,484	17 Oct 2022	By LIM III Estate LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$1,405	-28,093	-2.3%	$0.0500	1,185,987	17 Oct 2022	By MBM - Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$702	-14,046	-2.3%	$0.0500	592,995	17 Oct 2022	By Miller Family Education and Medical Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$702	-14,046	-2.3%	$0.0500	592,994	17 Oct 2022	By Susan F. Miller Spousal Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$228	-4,551	-2.3%	$0.0500	192,136	17 Oct 2022	By Milfam I L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$227	-4,547	-2.3%	$0.0500	191,956	17 Oct 2022	By Co- Trustee GST Lloyd A. Crider	F1, F2
transaction	GULTU	Common Stock	Sale	$201	-4,013	-2.3%	$0.0500	169,412	17 Oct 2022	By Milfam LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$160	-3,190	-2.3%	$0.0500	134,681	17 Oct 2022	By Trustee GST Catherine C. Miller	F1, F2
transaction	GULTU	Common Stock	Sale	$3,866	-77,325	-0.3%	$0.0500	25,511,628	18 Oct 2022	By Milfam II L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$411	-8,223	-0.3%	$0.0500	2,712,874	18 Oct 2022	By LIMFAM LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$260	-5,205	-0.3%	$0.0500	1,717,279	18 Oct 2022	By LIM III Estate LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$179	-3,584	-0.3%	$0.0500	1,182,403	18 Oct 2022	By MBM - Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$89.6	-1,792	-0.3%	$0.0500	591,203	18 Oct 2022	By Miller Family Education and Medical Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$89.6	-1,792	-0.3%	$0.0500	591,202	18 Oct 2022	By Susan F. Miller Spousal Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$29.05	-581	-0.3%	$0.0500	191,555	18 Oct 2022	By Milfam I L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$29	-580	-0.3%	$0.0500	191,376	18 Oct 2022	By Co- Trustee GST Lloyd A. Crider	F1, F2
transaction	GULTU	Common Stock	Sale	$25.6	-512	-0.3%	$0.0500	168,900	18 Oct 2022	By Milfam LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$20.3	-406	-0.3%	$0.0500	134,275	18 Oct 2022	By Trustee GST Catherine C. Miller	F1, F2

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

Explanation of Responses:

Id	Content
F1	Except for possessing voting and dispositive power, the reporting person disclaims any other beneficial ownership of, and specifically any pecuniary interest in, the securities reported herein. This filing is not, and shall not be deemed, an admission (and the reporting person expressly disclaims) that the reporting person is, for purposes of Rule 16a-1(a)(2) under Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owner of any equity securities covered by this filing.
F2	Mr. Neil Subin is the President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III. Mr. Subin also serves as trustee of a number of Miller family trusts. There has been no acquisition transaction by the reporting person with respect to the securities reported herein within the meaning of Section 16 of the Exchange Act.

Content

Except for possessing voting and dispositive power, the reporting person disclaims any other beneficial ownership of, and specifically any pecuniary interest in, the securities reported herein. This filing is not, and shall not be deemed, an admission (and the reporting person expressly disclaims) that the reporting person is, for purposes of Rule 16a-1(a)(2) under Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owner of any equity securities covered by this filing.

Mr. Neil Subin is the President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III. Mr. Subin also serves as trustee of a number of Miller family trusts. There has been no acquisition transaction by the reporting person with respect to the securities reported herein within the meaning of Section 16 of the Exchange Act.