Form 4: Mario Gabelli Reports Gift of M-tron Industries Shares to Charity

Mario Gabelli, a director and significant shareholder of M-tron Industries, reported gifting 4,000 shares of common stock to a charity on November 7, 2024.

Summary

• On November 7, 2024, Mario J. Gabelli, a director of M-tron Industries, Inc. (MPTI), gifted 4,000 shares of common stock to a charity.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, Mr. Gabelli directly owns 154,671 shares of M-tron Industries.
• Additionally, Mr. Gabelli is deemed the beneficial owner of 171,200 shares held by GGCP, Inc., where he serves as CEO, director, and controlling shareholder.
• Mr. Gabelli disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The gift of shares itself doesn't necessarily indicate positive or negative sentiment regarding the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a change in beneficial ownership for a major shareholder.

Stakeholder Impact

• The gift of shares has a minimal impact on shareholders as it represents a small percentage of Gabelli's overall holdings.
• The impact on other stakeholders is negligible.

Key Dates