Benjamin E. Godley - 16 Aug 2023 Form 4 Insider Report for RAND CAPITAL CORP (RAND)

Role: Director
Signature: /s/ Daniel P. Penberthy (Attorney-In-Fact)
Issuer symbol: RAND
Transactions as of: 16 Aug 2023
Net transactions value: +$25,977
Form type: 4
Filing time: 18 Aug 2023, 17:30:31 UTC
Previous filing: 11 May 2022
Next filing: 08 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAND	Common Stock	Purchase	$24,662	+1,900	+9.5%	$12.98	21,900	16 Aug 2023	Direct	F1
transaction	RAND	Common Stock	Purchase	$1,315	+100	+0.46%	$13.15	22,000	17 Aug 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.91 to $13.00, inclusive. The reporting person undertakes to provide to Rand Capital Corporation, any security holder of Rand Capital Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.91 to $13.00, inclusive. The reporting person undertakes to provide to Rand Capital Corporation, any security holder of Rand Capital Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.