Adam Samuel Gusky - Sep 15, 2025 Form 4 Insider Report for RAND CAPITAL CORP (RAND)

Role
Director
Signature
/s/ Daniel Penberthy on behalf of Adam Samuel Gusky (2)
Stock symbol
RAND
Transactions as of
Sep 15, 2025
Transactions value $
$15,247
Form type
4
Date filed
9/16/2025, 07:30 PM
Previous filing
May 29, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Gusky Adam Samuel Director C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO /s/ Daniel Penberthy on behalf of Adam Samuel Gusky (2) 2025-09-16 0001792912

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAND Common Stock Purchase $1.46K +100 +0.31% $14.60 32.6K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $1.46K +100 +0.31% $14.59 32.7K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $365 +25 +0.08% $14.58 32.7K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $146 +10 +0.03% $14.57 32.8K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $146 +10 +0.03% $14.60 32.8K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $1.46K +100 +0.31% $14.57 32.9K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $1.46K +100 +0.3% $14.55 33K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $364 +25 +0.08% $14.55 33K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $146 +10 +0.03% $14.56 33K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $1.5K +100 +0.3% $15.00 33.1K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $3.75K +250 +0.76% $15.00 33.3K Sep 15, 2025 By LLC F1
transaction RAND Common Stock Purchase $3K +200 +0.6% $15.00 33.5K Sep 15, 2025 By LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are held by AG Energy, LLC. These securities may be deemed to be beneficially owned by Mr. Gusky by virtue of his control of AG Energy, LLC.