NEIL S. SUBIN - 13 Sep 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: 13 Sep 2022
Net transactions value: -$35,021
Form type: 4
Filing time: 15 Sep 2022, 16:05:47 UTC
Previous filing: 12 Sep 2022
Next filing: 19 Oct 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	$4,463	-89,255	-0.33%	$0.0500	26,647,440	13 Sep 2022	By Milfam II L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$475	-9,491	-0.33%	$0.0500	2,833,654	13 Sep 2022	By LIMFAM LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$300	-6,008	-0.33%	$0.0500	1,793,734	13 Sep 2022	By Lloyd I. Miller, III Revocable Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$207	-4,137	-0.33%	$0.0500	1,235,045	13 Sep 2022	By MBM - Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$103	-2,068	-0.33%	$0.0500	617,524	13 Sep 2022	By Miller Family Education and Medical Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$103	-2,068	-0.33%	$0.0500	617,524	13 Sep 2022	By Susan F. Miller Spousal Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$33.5	-670	-0.33%	$0.0500	200,083	13 Sep 2022	By Milfam I L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$33.5	-670	-0.33%	$0.0500	199,896	13 Sep 2022	By Co- Trustee GST Lloyd A. Crider	F1, F2
transaction	GULTU	Common Stock	Sale	$29.55	-591	-0.33%	$0.0500	176,420	13 Sep 2022	By Milfam LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$23.5	-470	-0.33%	$0.0500	140,252	13 Sep 2022	By Trustee GST Catherine C. Miller	F1, F2
transaction	GULTU	Common Stock	Sale	$22,618	-452,352	-1.7%	$0.0500	26,195,088	14 Sep 2022	By Milfam II L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$2,405	-48,102	-1.7%	$0.0500	2,785,552	14 Sep 2022	By LIMFAM LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$1,522	-30,449	-1.7%	$0.0500	1,763,285	14 Sep 2022	By Lloyd I. Miller, III Revocable Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$1,048	-20,965	-1.7%	$0.0500	1,214,080	14 Sep 2022	By MBM - Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$524	-10,483	-1.7%	$0.0500	607,041	14 Sep 2022	By Miller Family Education and Medical Trust	F1, F2
transaction	GULTU	Common Stock	Sale	$524	-10,484	-1.7%	$0.0500	607,040	14 Sep 2022	By Susan F. Miller Spousal Trust A-4	F1, F2
transaction	GULTU	Common Stock	Sale	$170	-3,396	-1.7%	$0.0500	196,687	14 Sep 2022	By Milfam I L.P.	F1, F2
transaction	GULTU	Common Stock	Sale	$170	-3,393	-1.7%	$0.0500	196,503	14 Sep 2022	By Co- Trustee GST Lloyd A. Crider	F1, F2
transaction	GULTU	Common Stock	Sale	$150	-2,995	-1.7%	$0.0500	173,425	14 Sep 2022	By Milfam LLC	F1, F2
transaction	GULTU	Common Stock	Sale	$119	-2,381	-1.7%	$0.0500	137,871	14 Sep 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.