RAND RAND CAPITAL CORP Insider Trading

Director Adam Samuel Gusky purchases 1,030 shares of RAND at $14.80 blended average as stock down -48.9% from 52-week high.

Adam Samuel Gusky, a Director at RAND Capital, executed 12 separate purchases totaling 1,030 shares for $15,246.55 on September 15, 2025, at prices ranging from $14.55 to $15.00 with a blended average of $14.80. This represents a 3.2% increase to his holdings, raising his position from 32,516 to 33,546 shares. The purchases occurred as RAND's stock trades at $14.56, down -48.9% from its 52-week high of $28.50 and off -4.3% over the past 30 days. His same-ticker history shows 4 of 5 prior purchases at RAND were well-timed at the 90-day mark, with two late-2024 buys posting 90-day returns near +70%; however, his two most recent purchases at this ticker in May 2025 posted modest negative 90-day returns (-0.6% and -0.1%). Against the backdrop of negative net income of $-7,736,154.00 and a deteriorating price trend, the sustained accumulation warrants observation of whether current fundamentals support the prior buy-pattern success.

Director Gusky buys 212 shares at $15.76 avg; adds 0.7% to 32.5K-share position; RAND down 42.0% from 52-week high.

Adam Samuel Gusky, a Director at RAND CAPITAL CORP, made 2 separate purchases totaling 212 shares for $3,342.00 between May 27–28, 2025, at an average price of $15.76. The stock is currently trading at $16.53, down 42.0% from its 52-week high of $28.50 and down 26.4% over the past 90 days. Gusky's same-ticker purchase history at RAND shows a strong pattern: 4 of his 5 prior buys at this ticker generated 90-day returns ranging from +69.0% to +73.3%, suggesting he has demonstrated timing skill in identifying recovery opportunities at this specific company. His cross-ticker track record of 20 prior buys shows a 65.00% 90-day win rate with an average 90-day return of +24.6%, indicating consistent buy-side accuracy across portfolios. The current purchase, while modest in size (0.7% increase to his 32.5K-share holding), occurs at a historically depressed valuation relative to the 52-week range and follows a period of significant price erosion, making this transaction a data point worth tracking for early signals of insider perspective on recovery catalysts.

Director Gusky purchases 375 shares at $16.11 avg; 28.1K holding. 3 of 5 prior RAND buys well-timed at 90d.

Gusky Adam Samuel, a Director of RAND, executed 4 separate purchases totaling 375 shares for $6,041.25 across November 20–21, 2024, at a blended average price of $16.11. His post-transaction holdings stand at 28.1K shares. At the time of filing, the stock traded at $16.33, only 1.4% above his entry price, and sits 15.0% below its 52-week high of $19.20. His prior transaction history at RAND shows 5 documented buys since June 2023; 3 of those 5 buys proved well-timed at the 90-day mark (meaning the stock rose after purchase). This pattern of selective timing success on the same ticker is noteworthy, though his 30-day returns on those prior RAND buys averaged modest gains, and recent price action shows the stock down 11.9% over 90 days. The company's P/E of 3.28 and net income of $2.6M on a $42.1M market cap suggest a deeply valued small-cap position, which may explain the volatility and the director's continued accumulation.