RAND CAPITAL CORP — Director's Dealing 2021

Dec 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2021-12-01

Reporting Person: KAILBOURNE ERLAND E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	P	1532	$16.94	Acquired	7861	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	139	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.89 to $16.99, inclusive. The reporting person undertakes to provide to Rand Capital Corporation, any security holder of Rand Capital Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.