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[Form 4] APA Corporation Insider Trading Activity

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Rhea-AI Filing Summary

Schedule 13D/A Amendment No. 6 for Gabelli Healthcare & Wellness Rx Trust (GRX) Preferred Shares discloses updated ownership information for multiple Gabelli-related entities and individuals.

Aggregate ownership: The Reporting Persons now hold 1,514,000 preferred shares, equal to 45.49 % of the 3,328,500 shares outstanding as of 30 Jun 2025. Key positions include:

  • Associated Capital Group (AC): 400,000 shares â€� 12.02 %
  • GAMCO Investors (GBL): 400,000 shares â€� 12.02 %
  • Mario J. Gabelli (individual): 400,000 shares â€� 12.02 %
  • Gabelli Foundation: 314,000 shares â€� 9.43 %

Recent transactions (26 Jun 2025): Several entities surrendered a total of 1,440,000 preferred shares (Series E & Series G) at $10.00 per share under the Fund’s put right to redeem up to 100 % of its outstanding cumulative preferred stock. The largest single surrender was 830,000 shares by Mario J. Gabelli.

Post-transaction, the group retains a controlling minority of the preferred class, maintaining significant influence over matters requiring preferred-shareholder approval. All reporting persons exercise sole voting and dispositive power over their respective holdings; no shared power is reported. No new legal proceedings or changes in control arrangements were disclosed.

Implications for investors: While the surrender materially reduces absolute ownership, the group’s collective stake remains large at 45 %. The buy-back at par ($10) may signal limited upside in the current preferred valuation and could affect liquidity of the remaining float. However, continued alignment of interests between the Gabelli entities and preferred shareholders persists.

Emendamento No. 6 al Schedule 13D/A per le Azioni Preferenziali del Gabelli Healthcare & Wellness Rx Trust (GRX) rivela informazioni aggiornate sulla proprietà di diverse entità e individui legati a Gabelli.

Proprietà complessiva: Le Persone Segnalanti detengono ora 1.514.000 azioni preferenziali, pari al 45,49% delle 3.328.500 azioni in circolazione al 30 giugno 2025. Le posizioni principali includono:

  • Associated Capital Group (AC): 400.000 azioni â€� 12,02%
  • GAMCO Investors (GBL): 400.000 azioni â€� 12,02%
  • Mario J. Gabelli (individuale): 400.000 azioni â€� 12,02%
  • Gabelli Foundation: 314.000 azioni â€� 9,43%

Transazioni recenti (26 giugno 2025): Diverse entità hanno restituito un totale di 1.440.000 azioni preferenziali (Serie E e Serie G) a 10,00 $ per azione esercitando il diritto di rimborso del Fondo fino al 100% del capitale preferenziale cumulativo in circolazione. La restituzione più consistente è stata di 830.000 azioni da parte di Mario J. Gabelli.

Dopo la transazione, il gruppo mantiene una minoranza di controllo della classe preferenziale, conservando un'influenza significativa sulle questioni che richiedono l'approvazione degli azionisti preferenziali. Tutte le persone segnalanti esercitano il pieno potere di voto e decisionale sulle rispettive partecipazioni; non sono segnalati poteri condivisi. Non sono state comunicate nuove cause legali o modifiche negli accordi di controllo.

Implicazioni per gli investitori: Sebbene la restituzione riduca significativamente la proprietà assoluta, la quota collettiva del gruppo rimane elevata al 45%. Il riacquisto a valore nominale (10 $) potrebbe indicare un potenziale limitato nell’attuale valutazione delle azioni preferenziali e influire sulla liquidità del flottante residuo. Tuttavia, persiste un allineamento di interessi tra le entità Gabelli e gli azionisti preferenziali.

Enmienda No. 6 al Schedule 13D/A para las Acciones Preferentes del Gabelli Healthcare & Wellness Rx Trust (GRX) revela información actualizada sobre la propiedad de varias entidades e individuos relacionados con Gabelli.

Propiedad agregada: Las Personas Informantes ahora poseen 1,514,000 acciones preferentes, equivalentes al 45.49% de las 3,328,500 acciones en circulación al 30 de junio de 2025. Las posiciones clave incluyen:

  • Associated Capital Group (AC): 400,000 acciones â€� 12.02%
  • GAMCO Investors (GBL): 400,000 acciones â€� 12.02%
  • Mario J. Gabelli (individual): 400,000 acciones â€� 12.02%
  • Gabelli Foundation: 314,000 acciones â€� 9.43%

Transacciones recientes (26 de junio de 2025): Varias entidades entregaron un total de 1,440,000 acciones preferentes (Series E y Series G) a $10.00 por acción bajo el derecho del Fondo para redimir hasta el 100% de sus acciones preferentes acumulativas en circulación. La entrega individual más grande fue de 830,000 acciones por parte de Mario J. Gabelli.

Después de la transacción, el grupo conserva una minoría controladora de la clase preferente, manteniendo una influencia significativa en asuntos que requieren la aprobación de los accionistas preferentes. Todas las personas informantes ejercen poder exclusivo de voto y disposición sobre sus respectivas participaciones; no se reporta poder compartido. No se divulgaron nuevos procedimientos legales ni cambios en los acuerdos de control.

Implicaciones para los inversores: Aunque la entrega reduce materialmente la propiedad absoluta, la participación colectiva del grupo sigue siendo alta, con un 45%. La recompra a valor nominal ($10) podría indicar un potencial limitado en la valoración actual de las preferentes y afectar la liquidez del flotante restante. Sin embargo, persiste una alineación continua de intereses entre las entidades Gabelli y los accionistas preferentes.

Gabelli Healthcare & Wellness Rx Trust (GRX) ìš°ì„ ì£¼ì— ëŒ€í•� Schedule 13D/A 수정ì•� 6í˜�ëŠ� 여러 Gabelli ê´€ë � 단체 ë°� ê°œì¸ì� 소유ê¶� ì •ë³´ë¥� ì—…ë°ì´íŠ¸í•˜ì—¬ 공개합니ë‹�.

ì´� 소유ê¶�: ë³´ê³ ìžë“¤ì€ 현재 1,514,000ì£� ìš°ì„ ì£�ë¥� 보유하고 있으ë©�, ì´ëŠ” 2025ë…� 6ì›� 30ì� 기준 ì´� 3,328,500ì£� ì¤� 45.49%ì—� 해당합니ë‹�. 주요 보유 ë‚´ì—­ì€ ë‹¤ìŒê³� 같습니다:

  • Associated Capital Group (AC): 400,000ì£� â€� 12.02%
  • GAMCO Investors (GBL): 400,000ì£� â€� 12.02%
  • Mario J. Gabelli (ê°œì¸): 400,000ì£� â€� 12.02%
  • Gabelli Foundation: 314,000ì£� â€� 9.43%

최근 거래 (2025ë…� 6ì›� 26ì�): 여러 단체가 íŽ€ë“œì˜ ìƒí™˜ê¶� 행사ì—� ë”°ë¼ 1,440,000ì£� ìš°ì„ ì£� (시리ì¦� E ë°� 시리ì¦� G)ë¥� 주당 $10.00ì—� ìƒí™˜í–ˆìŠµë‹ˆë‹¤. ê°€ìž� í� ë‹¨ì¼ ìƒí™˜ì€ Mario J. Gabelliì� 830,000ì£�옶Ä습니ë‹�.

거래 í›�, ê·¸ë£¹ì€ ìš°ì„ ì£� í´ëž˜ìФì—ì„� ì§€ë°°ì  ì†Œìˆ˜ ì§€ë¶„ì„ ìœ ì§€í•˜ë©°, 우선주주 ìŠ¹ì¸ ì‚¬í•­ì—� 대í•� ìƒë‹¹í•� ì˜í–¥ë ¥ì„ ê³„ì† í–‰ì‚¬í•©ë‹ˆë‹�. 모든 ë³´ê³ ìžëŠ” ê°ìžì� 보유 주ì‹ì—� 대í•� ë‹¨ë… ì˜ê²°ê¶� ë°� 처분ê¶�ì� 행사하며, 공유 ê¶Œí•œì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�. 새로ìš� ë²•ì  ì ˆì°¨ë‚� 지배구ì¡� ë³€ê²� ì‚¬í•­ì€ ê³µê°œë˜ì§€ 않았습니ë‹�.

투ìžìžì— 대í•� 시사ì �: ìƒí™˜ìœ¼ë¡œ 절대 ì†Œìœ ê¶Œì€ í¬ê²Œ 줄었지ë§�, 그룹ì� 집단 ì§€ë¶„ì€ ì—¬ì „íž� 45%ë¡� í½ë‹ˆë‹�. ì•¡ë©´ê°€($10)ë¡œì˜ ìžì‚¬ì£� ë§¤ìž…ì€ í˜„ìž¬ ìš°ì„ ì£� í‰ê°€ì� ìƒìй 여력ì� 제한ì ìž„ì� 시사í•� ìˆ� 있으ë©�, 잔여 유통 주ì‹ì� 유ë™ì„±ì— ì˜í–¥ì� 미칠 ìˆ� 있습니다. 그러ë‚� Gabelli 단체와 우선주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ëŠ� ê³„ì† ìœ ì§€ë˜ê³  있습니다.

Amendement n°6 au Schedule 13D/A concernant les actions privilégiées du Gabelli Healthcare & Wellness Rx Trust (GRX) révèle des informations mises à jour sur la propriété de plusieurs entités et individus liés à Gabelli.

Propriété agrégée : Les personnes déclarante détiennent désormais 1 514 000 actions privilégiées, soit 45,49 % des 3 328 500 actions en circulation au 30 juin 2025. Les positions clés comprennent :

  • Associated Capital Group (AC) : 400 000 actions â€� 12,02 %
  • GAMCO Investors (GBL) : 400 000 actions â€� 12,02 %
  • Mario J. Gabelli (individu) : 400 000 actions â€� 12,02 %
  • Gabelli Foundation : 314 000 actions â€� 9,43 %

Transactions récentes (26 juin 2025) : Plusieurs entités ont cédé un total de 1 440 000 actions privilégiées (Séries E et G) à 10,00 $ par action en exerçant le droit du Fonds de rachat jusqu’� 100 % de ses actions privilégiées cumulatives en circulation. La cession la plus importante a été de 830 000 actions par Mario J. Gabelli.

Après la transaction, le groupe conserve une minorité contrôlante de la catégorie privilégiée, maintenant une influence significative sur les questions nécessitant l’approbation des actionnaires privilégiés. Toutes les personnes déclarante exercent un pouvoir exclusif de vote et de disposition sur leurs participations respectives ; aucun pouvoir partagé n’est signalé. Aucune nouvelle procédure judiciaire ni changement dans les accords de contrôle n’a été divulgué.

Implications pour les investisseurs : Bien que la cession réduise matériellement la propriété absolue, la participation collective du groupe reste élevée à 45 %. Le rachat à la valeur nominale (10 $) peut indiquer un potentiel limité dans l’évaluation actuelle des actions privilégiées et pourrait affecter la liquidité du flottant restant. Cependant, l’alignement continu des intérêts entre les entités Gabelli et les actionnaires privilégiés perdure.

Schedule 13D/A Änderung Nr. 6 für Gabelli Healthcare & Wellness Rx Trust (GRX) Vorzugsaktien veröffentlicht aktualisierte Eigentumsinformationen zu mehreren Gabelli-bezogenen Unternehmen und Einzelpersonen.

Gesamteigentum: Die meldenden Personen halten nun 1.514.000 Vorzugsaktien, was 45,49 % von insgesamt 3.328.500 ausstehenden Aktien zum 30. Juni 2025 entspricht. Wichtige Positionen umfassen:

  • Associated Capital Group (AC): 400.000 Aktien â€� 12,02 %
  • GAMCO Investors (GBL): 400.000 Aktien â€� 12,02 %
  • Mario J. Gabelli (Einzelperson): 400.000 Aktien â€� 12,02 %
  • Gabelli Foundation: 314.000 Aktien â€� 9,43 %

Jüngste Transaktionen (26. Juni 2025): Mehrere Einheiten gaben insgesamt 1.440.000 Vorzugsaktien (Serie E & Serie G) zum Preis von 10,00 $ pro Aktie im Rahmen des Rückkaufsrechts des Fonds zurück, um bis zu 100 % der ausstehenden kumulativen Vorzugsaktien einzulösen. Die größte einzelne Rückgabe betrug 830.000 Aktien durch Mario J. Gabelli.

Nach der Transaktion behält die Gruppe eine kontrollierende Minderheit der Vorzugsklasse und übt weiterhin erheblichen Einfluss auf Angelegenheiten aus, die die Zustimmung der Vorzugsaktionäre erfordern. Alle meldenden Personen üben alleiniges Stimm- und Verfügungsrecht über ihre jeweiligen Beteiligungen aus; keine gemeinsamen Rechte wurden gemeldet. Es wurden keine neuen Rechtsstreitigkeiten oder Änderungen der Kontrollvereinbarungen offengelegt.

Auswirkungen für Investoren: Obwohl die Rückgabe das absolute Eigentum erheblich verringert, bleibt der kollektive Anteil der Gruppe mit 45 % hoch. Der Rückkauf zum Nennwert (10 $) könnte auf ein begrenztes Aufwärtspotenzial der aktuellen Vorzugsbewertung hinweisen und die Liquidität des verbleibenden Streubesitzes beeinträchtigen. Dennoch besteht weiterhin eine Interessenangleichung zwischen den Gabelli-Einheiten und den Vorzugsaktionären.

Positive
  • Reporting group retains a significant 45.49 % stake, ensuring continued alignment with other preferred shareholders.
  • Redemption performed at full par value ($10), providing immediate liquidity to surrendering holders without discount.
Negative
  • Large reduction of 1.44 million shares suggests diminished absolute commitment by Gabelli entities.
  • Issuer cash outflow for redemption (details not provided) could pressure liquidity and future dividend coverage.

Insights

TL;DR: Gabelli entities cut preferred stake via fund put; still hold 45%, impact neutral.

The amendment shows a sizeable redemption�1.44 million shares—at $10.00, executed through the issuer’s contractual put right. Despite the reduction, the Gabelli complex maintains an influential 45% ownership. Redemption proceeds may reflect capital re-allocation rather than a bearish view, as the shares were put at mandatory terms, not open-market sales. No premium or discount was involved, limiting market-price signaling. Ownership concentration remains high, preserving potential board or voting leverage. Overall market impact is muted: free float increases modestly, but issuer cash outflow (not detailed here) may marginally pressure liquidity ratios. I assign a neutral (0) impact rating.

TL;DR: Large redemption improves holder liquidity but signals par-value ceiling.

The mass surrender implies holders preferred guaranteed par value over continued yield, suggesting limited upside in GRX preferreds above $10. The issuer’s willingness (or obligation) to redeem such volume indicates adequate cash or refinancing capacity, but investors should verify balance-sheet effects in subsequent filings. Remaining Gabelli alignment (45%) still supports governance continuity. From a portfolio perspective, this event is not a catalyst for common shares but worth monitoring for preferred liquidity and future coupon coverage. Rating 0 (neutral).

Emendamento No. 6 al Schedule 13D/A per le Azioni Preferenziali del Gabelli Healthcare & Wellness Rx Trust (GRX) rivela informazioni aggiornate sulla proprietà di diverse entità e individui legati a Gabelli.

Proprietà complessiva: Le Persone Segnalanti detengono ora 1.514.000 azioni preferenziali, pari al 45,49% delle 3.328.500 azioni in circolazione al 30 giugno 2025. Le posizioni principali includono:

  • Associated Capital Group (AC): 400.000 azioni â€� 12,02%
  • GAMCO Investors (GBL): 400.000 azioni â€� 12,02%
  • Mario J. Gabelli (individuale): 400.000 azioni â€� 12,02%
  • Gabelli Foundation: 314.000 azioni â€� 9,43%

Transazioni recenti (26 giugno 2025): Diverse entità hanno restituito un totale di 1.440.000 azioni preferenziali (Serie E e Serie G) a 10,00 $ per azione esercitando il diritto di rimborso del Fondo fino al 100% del capitale preferenziale cumulativo in circolazione. La restituzione più consistente è stata di 830.000 azioni da parte di Mario J. Gabelli.

Dopo la transazione, il gruppo mantiene una minoranza di controllo della classe preferenziale, conservando un'influenza significativa sulle questioni che richiedono l'approvazione degli azionisti preferenziali. Tutte le persone segnalanti esercitano il pieno potere di voto e decisionale sulle rispettive partecipazioni; non sono segnalati poteri condivisi. Non sono state comunicate nuove cause legali o modifiche negli accordi di controllo.

Implicazioni per gli investitori: Sebbene la restituzione riduca significativamente la proprietà assoluta, la quota collettiva del gruppo rimane elevata al 45%. Il riacquisto a valore nominale (10 $) potrebbe indicare un potenziale limitato nell’attuale valutazione delle azioni preferenziali e influire sulla liquidità del flottante residuo. Tuttavia, persiste un allineamento di interessi tra le entità Gabelli e gli azionisti preferenziali.

Enmienda No. 6 al Schedule 13D/A para las Acciones Preferentes del Gabelli Healthcare & Wellness Rx Trust (GRX) revela información actualizada sobre la propiedad de varias entidades e individuos relacionados con Gabelli.

Propiedad agregada: Las Personas Informantes ahora poseen 1,514,000 acciones preferentes, equivalentes al 45.49% de las 3,328,500 acciones en circulación al 30 de junio de 2025. Las posiciones clave incluyen:

  • Associated Capital Group (AC): 400,000 acciones â€� 12.02%
  • GAMCO Investors (GBL): 400,000 acciones â€� 12.02%
  • Mario J. Gabelli (individual): 400,000 acciones â€� 12.02%
  • Gabelli Foundation: 314,000 acciones â€� 9.43%

Transacciones recientes (26 de junio de 2025): Varias entidades entregaron un total de 1,440,000 acciones preferentes (Series E y Series G) a $10.00 por acción bajo el derecho del Fondo para redimir hasta el 100% de sus acciones preferentes acumulativas en circulación. La entrega individual más grande fue de 830,000 acciones por parte de Mario J. Gabelli.

Después de la transacción, el grupo conserva una minoría controladora de la clase preferente, manteniendo una influencia significativa en asuntos que requieren la aprobación de los accionistas preferentes. Todas las personas informantes ejercen poder exclusivo de voto y disposición sobre sus respectivas participaciones; no se reporta poder compartido. No se divulgaron nuevos procedimientos legales ni cambios en los acuerdos de control.

Implicaciones para los inversores: Aunque la entrega reduce materialmente la propiedad absoluta, la participación colectiva del grupo sigue siendo alta, con un 45%. La recompra a valor nominal ($10) podría indicar un potencial limitado en la valoración actual de las preferentes y afectar la liquidez del flotante restante. Sin embargo, persiste una alineación continua de intereses entre las entidades Gabelli y los accionistas preferentes.

Gabelli Healthcare & Wellness Rx Trust (GRX) ìš°ì„ ì£¼ì— ëŒ€í•� Schedule 13D/A 수정ì•� 6í˜�ëŠ� 여러 Gabelli ê´€ë � 단체 ë°� ê°œì¸ì� 소유ê¶� ì •ë³´ë¥� ì—…ë°ì´íŠ¸í•˜ì—¬ 공개합니ë‹�.

ì´� 소유ê¶�: ë³´ê³ ìžë“¤ì€ 현재 1,514,000ì£� ìš°ì„ ì£�ë¥� 보유하고 있으ë©�, ì´ëŠ” 2025ë…� 6ì›� 30ì� 기준 ì´� 3,328,500ì£� ì¤� 45.49%ì—� 해당합니ë‹�. 주요 보유 ë‚´ì—­ì€ ë‹¤ìŒê³� 같습니다:

  • Associated Capital Group (AC): 400,000ì£� â€� 12.02%
  • GAMCO Investors (GBL): 400,000ì£� â€� 12.02%
  • Mario J. Gabelli (ê°œì¸): 400,000ì£� â€� 12.02%
  • Gabelli Foundation: 314,000ì£� â€� 9.43%

최근 거래 (2025ë…� 6ì›� 26ì�): 여러 단체가 íŽ€ë“œì˜ ìƒí™˜ê¶� 행사ì—� ë”°ë¼ 1,440,000ì£� ìš°ì„ ì£� (시리ì¦� E ë°� 시리ì¦� G)ë¥� 주당 $10.00ì—� ìƒí™˜í–ˆìŠµë‹ˆë‹¤. ê°€ìž� í� ë‹¨ì¼ ìƒí™˜ì€ Mario J. Gabelliì� 830,000ì£�옶Ä습니ë‹�.

거래 í›�, ê·¸ë£¹ì€ ìš°ì„ ì£� í´ëž˜ìФì—ì„� ì§€ë°°ì  ì†Œìˆ˜ ì§€ë¶„ì„ ìœ ì§€í•˜ë©°, 우선주주 ìŠ¹ì¸ ì‚¬í•­ì—� 대í•� ìƒë‹¹í•� ì˜í–¥ë ¥ì„ ê³„ì† í–‰ì‚¬í•©ë‹ˆë‹�. 모든 ë³´ê³ ìžëŠ” ê°ìžì� 보유 주ì‹ì—� 대í•� ë‹¨ë… ì˜ê²°ê¶� ë°� 처분ê¶�ì� 행사하며, 공유 ê¶Œí•œì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�. 새로ìš� ë²•ì  ì ˆì°¨ë‚� 지배구ì¡� ë³€ê²� ì‚¬í•­ì€ ê³µê°œë˜ì§€ 않았습니ë‹�.

투ìžìžì— 대í•� 시사ì �: ìƒí™˜ìœ¼ë¡œ 절대 ì†Œìœ ê¶Œì€ í¬ê²Œ 줄었지ë§�, 그룹ì� 집단 ì§€ë¶„ì€ ì—¬ì „íž� 45%ë¡� í½ë‹ˆë‹�. ì•¡ë©´ê°€($10)ë¡œì˜ ìžì‚¬ì£� ë§¤ìž…ì€ í˜„ìž¬ ìš°ì„ ì£� í‰ê°€ì� ìƒìй 여력ì� 제한ì ìž„ì� 시사í•� ìˆ� 있으ë©�, 잔여 유통 주ì‹ì� 유ë™ì„±ì— ì˜í–¥ì� 미칠 ìˆ� 있습니다. 그러ë‚� Gabelli 단체와 우선주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ëŠ� ê³„ì† ìœ ì§€ë˜ê³  있습니다.

Amendement n°6 au Schedule 13D/A concernant les actions privilégiées du Gabelli Healthcare & Wellness Rx Trust (GRX) révèle des informations mises à jour sur la propriété de plusieurs entités et individus liés à Gabelli.

Propriété agrégée : Les personnes déclarante détiennent désormais 1 514 000 actions privilégiées, soit 45,49 % des 3 328 500 actions en circulation au 30 juin 2025. Les positions clés comprennent :

  • Associated Capital Group (AC) : 400 000 actions â€� 12,02 %
  • GAMCO Investors (GBL) : 400 000 actions â€� 12,02 %
  • Mario J. Gabelli (individu) : 400 000 actions â€� 12,02 %
  • Gabelli Foundation : 314 000 actions â€� 9,43 %

Transactions récentes (26 juin 2025) : Plusieurs entités ont cédé un total de 1 440 000 actions privilégiées (Séries E et G) à 10,00 $ par action en exerçant le droit du Fonds de rachat jusqu’� 100 % de ses actions privilégiées cumulatives en circulation. La cession la plus importante a été de 830 000 actions par Mario J. Gabelli.

Après la transaction, le groupe conserve une minorité contrôlante de la catégorie privilégiée, maintenant une influence significative sur les questions nécessitant l’approbation des actionnaires privilégiés. Toutes les personnes déclarante exercent un pouvoir exclusif de vote et de disposition sur leurs participations respectives ; aucun pouvoir partagé n’est signalé. Aucune nouvelle procédure judiciaire ni changement dans les accords de contrôle n’a été divulgué.

Implications pour les investisseurs : Bien que la cession réduise matériellement la propriété absolue, la participation collective du groupe reste élevée à 45 %. Le rachat à la valeur nominale (10 $) peut indiquer un potentiel limité dans l’évaluation actuelle des actions privilégiées et pourrait affecter la liquidité du flottant restant. Cependant, l’alignement continu des intérêts entre les entités Gabelli et les actionnaires privilégiés perdure.

Schedule 13D/A Änderung Nr. 6 für Gabelli Healthcare & Wellness Rx Trust (GRX) Vorzugsaktien veröffentlicht aktualisierte Eigentumsinformationen zu mehreren Gabelli-bezogenen Unternehmen und Einzelpersonen.

Gesamteigentum: Die meldenden Personen halten nun 1.514.000 Vorzugsaktien, was 45,49 % von insgesamt 3.328.500 ausstehenden Aktien zum 30. Juni 2025 entspricht. Wichtige Positionen umfassen:

  • Associated Capital Group (AC): 400.000 Aktien â€� 12,02 %
  • GAMCO Investors (GBL): 400.000 Aktien â€� 12,02 %
  • Mario J. Gabelli (Einzelperson): 400.000 Aktien â€� 12,02 %
  • Gabelli Foundation: 314.000 Aktien â€� 9,43 %

Jüngste Transaktionen (26. Juni 2025): Mehrere Einheiten gaben insgesamt 1.440.000 Vorzugsaktien (Serie E & Serie G) zum Preis von 10,00 $ pro Aktie im Rahmen des Rückkaufsrechts des Fonds zurück, um bis zu 100 % der ausstehenden kumulativen Vorzugsaktien einzulösen. Die größte einzelne Rückgabe betrug 830.000 Aktien durch Mario J. Gabelli.

Nach der Transaktion behält die Gruppe eine kontrollierende Minderheit der Vorzugsklasse und übt weiterhin erheblichen Einfluss auf Angelegenheiten aus, die die Zustimmung der Vorzugsaktionäre erfordern. Alle meldenden Personen üben alleiniges Stimm- und Verfügungsrecht über ihre jeweiligen Beteiligungen aus; keine gemeinsamen Rechte wurden gemeldet. Es wurden keine neuen Rechtsstreitigkeiten oder Änderungen der Kontrollvereinbarungen offengelegt.

Auswirkungen für Investoren: Obwohl die Rückgabe das absolute Eigentum erheblich verringert, bleibt der kollektive Anteil der Gruppe mit 45 % hoch. Der Rückkauf zum Nennwert (10 $) könnte auf ein begrenztes Aufwärtspotenzial der aktuellen Vorzugsbewertung hinweisen und die Liquidität des verbleibenden Streubesitzes beeinträchtigen. Dennoch besteht weiterhin eine Interessenangleichung zwischen den Gabelli-Einheiten und den Vorzugsaktionären.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bay Annell R

(Last) (First) (Middle)
2000 W SAM HOUSTON PARKWAY S
SUITE 200

(Street)
HOUSTON TX 77042

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
APA Corp [ APA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $0(1) 06/30/2025 M 2,733 (2) (2) Common Stock 2,733 $0 93,305 D
Restricted Stock / Units $0(3) 06/30/2025 A 2,733 06/30/2025(4) (4) Common Stock 2,733 $0 2,733 D
Restricted Stock / Units $0(3) 06/30/2025 M 2,733 06/30/2025(5) (5) Common Stock 2,733 $0 0 D
Explanation of Responses:
1. One share of APA common stock for each phantom stock unit.
2. Exempt acquisition pursuant to Rule 16b-3(d) - accrued under the deferred compensation provisions of APA's Outside Directors' Deferral Program.
3. One share of APA common stock for each restricted stock unit.
4. Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan which plan was approved by shareholders in May 2016.
5. Vesting of restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan.
Remarks:
John D. Montanti, Attorney-in-Fact for Annell R. Bay 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many GRX preferred shares do the Gabelli entities now own?

They collectively own 1,514,000 shares, representing 45.49 % of the class.

Which entity holds the largest individual GRX preferred position?

Several entities�Associated Capital Group, GAMCO Investors, and Mario Gabelli—each hold 400,000 shares (12.02 %).

What transactions occurred on 26 June 2025?

1.44 million preferred shares were surrendered at $10.00 under the Fund’s put right, reducing the group’s stake.

Does any reporting person share voting power over GRX preferred shares?

No. All reporting persons claim sole voting and dispositive power over their respective holdings.

What percentage of GRX preferred shares is still outstanding after the redemption?

The filing references 3,328,500 shares outstanding; the group now owns 45.49 %, implying 54.51 % remains with other holders.

Why were the shares surrendered rather than sold on the market?

The surrender was executed under the Fund’s contractual right to redeem up to 100 % of its cumulative preferred shares at par.
APA Corp (US)

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6.42B
353.40M
0.43%
92.64%
8.85%
Oil & Gas E&P
Crude Petroleum & Natural Gas
United States
HOUSTON