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 3,000 shares of common stock to a charity on August 26, 2024.

Summary

• Mario Gabelli, a director of M-tron Industries, Inc. (MPTI), filed a Form 4 with the SEC.
• The filing reports a transaction on August 26, 2024, where Mr. Gabelli gifted 3,000 shares of MPTI common stock to a charity.
• The gift was valued at $0 per share.
• Following the transaction, Mr. Gabelli directly owns 176,671 shares and indirectly owns 172,000 shares through GGCP, Inc.
• 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 standard SEC filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The gift of shares has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.

Key Dates