Adam Samuel Gusky - May 27, 2025 Form 4 Insider Report for RAND CAPITAL CORP (RAND)

Role
Director
Signature
/s/ Daniel Penberthy on behalf of Adam Samuel Gusky (3)
Stock symbol
RAND
Transactions as of
May 27, 2025
Transactions value $
$3,342
Form type
4
Date filed
5/29/2025, 08:30 AM
Previous filing
Apr 3, 2025
Next filing
Sep 16, 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 (3) 2025-05-29 0001792912

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAND Common Stock Purchase $3.15K +200 +0.62% $15.75 32.5K May 27, 2025 By LLC F1, F2
transaction RAND Common Stock Purchase $192 +12 +0.04% $16.00 32.5K May 28, 2025 By LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 4,210 shares of the Issuer acquired in connection with the $4.20 per share dividend declared by the Board of Directors of the Issuer on December 5, 2024, which was payable in cash or shares of common stock at the election of stockholders, subject to the limitation that no more than 20% of the total dividend amount would be paid in cash.
F2 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.

Remarks:

(3) Daniel Penberthy is signing on behalf of Mr. Gusky pursuant to a power of attorney dated December 1, 2021, which was previously filed with the Securities and Exchange Commission as an exhibit to the Form 4 Mr. Gusky filed on March 15, 2022.