Form 4: Gabelli Reports Preferred Share Transactions in GRX.G

Mario J. Gabelli, a Director and 10% owner, reported a net acquisition of 1.6 million Series G Cumulative Preferred Shares of Gabelli Healthcare & WellnessRx Trust through affiliated entities.

Summary

• Mario J. Gabelli, a Director, 10% Owner, and Control Person of Adviser for Gabelli Healthcare & WellnessRx Trust (GRX.G), reported transactions in Series G Cumulative Preferred Shares.
• On October 30, 2025, Associated Capital Group, Inc. (ACG), an entity controlled by Mr. Gabelli, acquired 1,800,000 Series G Cumulative Preferred Shares at a price of $10.1791 per share.
• On the same date, ACG also disposed of 200,000 Series G Cumulative Preferred Shares.
• Following these reported transactions, ACG indirectly holds 2,000,000 Series G Cumulative Preferred Shares.
• GAMCO Investors, Inc. (GAMCO), another entity controlled by Mr. Gabelli, indirectly holds 400,000 Series G Cumulative Preferred Shares.
• Mr. Gabelli disclaims beneficial ownership of shares held by ACG and GAMCO in excess of his indirect pecuniary interest.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-planned.

Sentiment

Score: 6

Explanation: The net acquisition of 1.6 million preferred shares by a significant insider (Mario J. Gabelli) suggests a positive sentiment or confidence in the issuer, despite a smaller disposition on the same date. The transactions being pre-planned via a 10b5-1 plan makes it an expected event rather than a spontaneous market reaction.

Positives

• A significant net acquisition of 1,600,000 Series G Cumulative Preferred Shares by an insider (Mario J. Gabelli through ACG) suggests confidence in the issuer.
• The acquisition price of $10.1791 per share provides a specific valuation point for the preferred shares.

Negatives

• A disposition of 200,000 Series G Cumulative Preferred Shares by ACG occurred on the same date, though it was outweighed by the acquisition.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook, focusing solely on past insider transactions.

Management Comments

• Mario J. Gabelli is the Executive Chair and controlling shareholder of Associated Capital Group, Inc. (ACG). Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
• Mario J. Gabelli is the Chairman, Chief Executive Officer, and controlling shareholder of GAMCO Investors, Inc. (GAMCO). Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

Industry Context

This insider transaction report reflects specific activity by a key individual within the Gabelli investment ecosystem. It does not provide broader industry trends or competitive analysis, but rather signals internal confidence or portfolio adjustments related to the Gabelli Healthcare & WellnessRx Trust.

Comparison to Industry Standards

• This filing is a standard disclosure of insider transactions and does not contain information for comparison to industry-specific operational or financial benchmarks.
• It details a specific insider's trading activity in preferred shares, which is a common occurrence across publicly traded companies, but without context of other similar transactions or company performance, direct comparisons are not feasible.

Related Party Transactions

• The transactions involve entities (Associated Capital Group, Inc. and GAMCO Investors, Inc.) controlled by the reporting person, Mario J. Gabelli, making them related-party dealings. However, these are standard disclosures for indirect beneficial ownership by a control person.

Stakeholder Impact

• Shareholders: The net acquisition by a significant insider could be interpreted as a positive signal of confidence in the company's preferred shares.
• Management: Reflects ongoing portfolio management by the control person of the adviser.

Key Dates

Keywords

Gabelli Healthcare & WellnessRx Trust, GRX.G, Mario J. Gabelli, Form 4, Insider Trading, Preferred Shares, Associated Capital Group, GAMCO Investors, Beneficial Ownership, SEC Filing, Rule 10b5-1