Form 4: Mario Gabelli Reports Changes in Beneficial Ownership of M-tron Industries, Inc. (MPTI)

Mario Gabelli, a director and 10% owner of M-tron Industries, Inc., reports gifting shares to charity and selling shares, resulting in changes to his beneficial ownership.

Summary

• On March 18, 2024, Mario Gabelli gifted 5,000 shares of M-tron Industries, Inc. (MPTI) common stock to a charity.
• On April 9, 2024, Mr. Gabelli sold 500 shares of MPTI common stock at a price of $26.5493 per share.
• Following these transactions, Mr. Gabelli directly owns 184,010 shares of MPTI common stock.
• Mr. Gabelli is also deemed the beneficial owner of 190,000 shares owned by GGCP, Inc., where he serves as CEO, director, and controlling shareholder.
• He disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for individuals with significant ownership in publicly traded companies. The transactions themselves may or may not reflect a change in the filer's outlook on the company.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership percentage, but the amounts are relatively small.

Key Dates