Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
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GENERAL AMERICAN INVESTORS CO INC (Name of Issuer) |
Common Stock, par value $1.00 per share (Title of Class of Securities) |
368802104 (CUSIP Number) |
Connie A. Santa Maria 530 FIFTH AVE, 26TH FLOOR NEW YORK, NY, 10036 2129168445 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
12/31/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 368802104 |
| 1 |
Name of reporting person
DAVIDSON SPENCER | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,439,001.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
6.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $1.00 per share | |
| (b) | Name of Issuer:
GENERAL AMERICAN INVESTORS CO INC | |
| (c) | Address of Issuer's Principal Executive Offices:
530 FIFTH AVE, 26TH FLOOR, NEW YORK,
NEW YORK
, 10036. | |
Item 1 Comment:
This Schedule 13D is being filed to report the beneficial ownership of shares of common stock, $1.00 par value per share (the "Shares"), of General American Investors Company, Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 530 Fifth Ave, New York, NY 10036. | ||
| Item 2. | Identity and Background | |
| (a) | (a) This Schedule 13D is being filed by Spencer Davidson, a citizen of the United States of America. | |
| (b) | (b) The principal business address of Mr. Davidson is 530 Fifth Ave, New York, NY 10036. | |
| (c) | (c) Mr. Davidson's principle occupation is Chairman of General American Investors Company, Inc. | |
| (d) | (d) Mr. Davidson has not been, during the past five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | (e) Mr. Davidson has not been, during the past five years, party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. | |
| (f) | U.S. Citizen | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
Share repurchases by the Company, termination/expiration of certain trusts, and reinvestment of dividends/distributions have resulted in the changes reported herein. | ||
| Item 4. | Purpose of Transaction | |
Mr. Davidson acquired the Shares reported herein for investment purposes in the ordinary course of investing in securities for his own account. The purpose of this filing is to conform information reported herein to the January 5, 2026 Form 4/A. Other than as may have arisen in his capacity as a director of the Issuer, Mr. Davidson currently has no plans or proposals that relate to, or would result in, any of the matters listed in Item 4(a)-G) of Schedule 13D. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | (a) The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on 24,019,271 outstanding Shares as of December 31, 2025. | |
| (b) | (b) The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on 24,019,271 outstanding Shares as of December 31, 2025. | |
| (c) | (c) Not applicable | |
| (d) | (d) Not applicable | |
| (e) | (e) Not applicable | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
None. | ||
| Item 7. | Material to be Filed as Exhibits. | |
None. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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