RAND CAPITAL CORP — Director's Dealing 2022

May 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2022-05-16

Reporting Person: KAILBOURNE ERLAND E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-16	Common Stock	P	1000	$14.95	Acquired	9861	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	139	Indirect