RAND · Insider Trading

Rand Capital Corp

Every open-market purchase and sale reported by RAND officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings
50
most recent
Open-Market Buys
48
code P
Sales
2
code S
Reporting Insiders
1
current holders
RAND — Recent Form 4 Transactions (latest 2025-09-16)
FiledInsiderRole TypeSharesValue
2025-09-16 Adam Samuel Gusky Director Buy +1,030 +$15.25K
2025-05-29 Adam Samuel Gusky Director Buy +212 +$3.34K
2024-11-22 Adam Samuel Gusky Director Buy +375 +$6.04K
2024-03-13 Benjamin E Godley Director Buy +1,965 +$27.41K
2024-03-08 Benjamin E Godley Director Buy +1,035 +$14.45K
2023-08-18 Benjamin E Godley Director Buy +2,000 +$25.98K
2023-08-17 Adam Samuel Gusky Director Buy +2,814 +$36.61K
2023-06-15 Cari L Jaroslawsky Director Buy +45 +$596
2023-06-08 Cari L Jaroslawsky Director Buy +420 +$5.57K
2023-06-05 Adam Samuel Gusky Director Buy +127 +$1.65K
2023-05-30 Adam Samuel Gusky Director Buy +141 +$1.84K
2023-05-22 Adam Samuel Gusky Director Buy +1,071 +$13.81K
2023-05-16 Daniel P Penberthy President and CEO Buy +500 +$6.68K
2023-05-11 Robert M Zak Director Buy +2,000 +$26.92K
2023-03-14 Erland E Kailbourne Director Buy +1,000 +$13.68K
2023-03-14 Adam Samuel Gusky Director Buy +2,636 +$35.99K
2022-12-07 Adam Samuel Gusky Director Buy +1,600 +$23.20K
2022-11-14 Cari L Jaroslawsky Director Buy +1,000 +$14.98K
2022-09-02 Adam Samuel Gusky Director Buy +803 +$11.70K
2022-08-26 Adam Samuel Gusky Director Buy +141 +$2.09K
2022-08-24 Adam Samuel Gusky Director Buy +148 +$2.12K
2022-06-08 Daniel P Penberthy President and CEO Buy +1,000 +$15.30K
2022-05-17 Adam Samuel Gusky Director Buy +113 +$1.63K
2022-05-17 Erland E Kailbourne Director Buy +1,000 +$14.95K
2022-05-11 Benjamin E Godley Director Buy +1,606 +$23.93K
2022-05-11 Adam Samuel Gusky Director Buy +9,044 +$134.38K
2022-03-15 Erland E Kailbourne Director Buy +1,000 +$16.46K
2022-03-15 Adam Samuel Gusky Director Buy +1,500 +$23.60K
2022-03-14 Robert M Zak Director Buy +2,000 +$31.22K
2021-12-13 East Asset Management, LLC 10%+ Owner Buy +9,300 +$162.75K
2021-12-06 East Asset Management, LLC 10%+ Owner Buy +3,761 +$63.94K
2021-12-03 Erland E Kailbourne Director Buy +1,532 +$25.95K
2021-12-01 East Asset Management, LLC 10%+ Owner Buy +2,814 +$47.12K
2021-11-26 East Asset Management, LLC 10%+ Owner Buy +697 +$11.50K
2021-11-17 Adam Samuel Gusky Director Buy +1,458 +$23.69K
2021-11-15 Adam Samuel Gusky Director Buy +702 +$11.13K
2020-09-08 East Asset Management, LLC 10%+ Owner Buy +2,603 +$29.18K
2020-09-02 East Asset Management, LLC 10%+ Owner Buy +7,224 +$81.63K
2020-08-28 East Asset Management, LLC 10%+ Owner Buy +5,000 +$56.23K
2020-08-24 Adam Samuel Gusky Director Buy +2,322 +$26.43K
2020-08-19 Adam Samuel Gusky Director Buy +1,599 +$17.81K
2020-06-05 Adam Samuel Gusky Director Buy +1,500 +$16.38K
2018-03-28 Reginald B Newman II Director Buy +5,000 +$13.00K
2018-01-23 Reginald B Newman II Director Buy +7,730 +$21.26K
2018-01-19 Reginald B Newman II Director Buy +20,000 +$55.00K
2017-07-28 Utility Service Holding Co., Inc. 10%+ Owner Sell −72,746 −$226.54K
2017-06-16 Robert M Zak Director Buy +20,000 +$60.00K
2017-06-16 Reginald B Newman II Director Sell −20,000 −$60.00K
2017-01-18 Erland E Kailbourne Director Buy +3,333 +$10.64K
2016-12-14 Erland E Kailbourne Director Buy +16,667 +$50.00K
RAND — Current Insider Holders
InsiderRole Shares HeldValue
Adam Samuel Gusky Director 32,751 $322.60K
RAND Insider Trading FAQ
Who are the insiders at RAND?
1 officers, directors and 10%+ beneficial owners currently report holdings in RAND via SEC Form 4.
Are RAND insiders buying or selling?
Across the 50 most recent Form 4 filings for RAND, 48 were open-market purchases (code P) and 2 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.
How current is RAND insider data?
Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent RAND filing is dated 2025-09-16.
How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the RAND quote page; the site-wide leaderboard is on the insider transactions hub.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.