Sec Form 4 Filing - LICT Corp @ MachTen, Inc. - 2023-08-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LICT Corp
2. Issuer Name and Ticker or Trading Symbol
MachTen, Inc. [ MACT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
401 THEODORE FREMD AVE,
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2023
(Street)
RYE, NY10580
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 08/31/2023( 1 ) J( 1 ) 4,200 ( 1 ) A $ 0 605,980 ( 1 ) D ( 1 )
Common Stock 735,750 ( 2 ) D
Common Stock 226,350 ( 3 ) I See Footnote ( 3 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LICT Corp
401 THEODORE FREMD AVE
RYE, NY10580
X
GGCP, INC.
189 MASON STREET
GREENWICH, CT06830
X
GABELLI MARIO J
C/O GAMCO INVESTORS, INC
ONE CORPORATE CENTER
RYE, NY10580
X
GGCP Holdings LLC
140 GREENWICH AVENUE
GREENWICH, CT06830
X
Signatures
/s/ Douglas R. Jamieson, Attorney-in-fact for Mario J. Gabelli 09/05/2023
Signature of Reporting Person Date
/s/ Douglas R. Jamieson,, Attorney-in-Fact for LICT Corporation 09/05/2023
Signature of Reporting Person Date
/s/ Douglas R. Jamieson,, Attorney-in-Fact for GGCP, Inc. 09/05/2023
Signature of Reporting Person Date
/s/ Douglas R. Jamieson,, Attorney-in-Fact for GGCP Holdings, LLC 09/05/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )LICT Corporation ("LICT") consummated the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 31, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Distribution") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). The shares reported herein reflect shares acquired by LICT in the Distribution resulting from open market purchases of LICT common stock with a right to the Distribution subsequent to the Record Date but prior to the Distribution Date.
( 2 )Mario J. Gabelli beneficially owns these shares of common stock directly and through a trust over which he has sole voting and dispositive power over the shares held therein.
( 3 )Mr. Gabelli may be deemed to beneficially own these shares of common stock, which are owned by GGCP, Inc. ("GGCP") via GGCP Holdings, LLC ("Holdings"). Mr. Gabelli may be deemed to have beneficial ownership of the shares to be held by Holdings on the basis of (i) his position as the Chief Executive Officer, a director and the controlling shareholder of GGCP, which is the manager and the majority member of Holdings, and (ii) a certain profit interest in Holdings. Mr. Gabelli disclaims beneficial ownership of the shares to be owned by Holdings except to the extent of his pecuniary interest therein.

Remarks:
Mr. Gabelli, GGCP and Holdings may be deemed a "group" with LICT for purposes of Section 13D of the Exchange Act.

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).
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