GGCP Form 4 MachTen / MARIO J GABELLI ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LICT Corp

(Last) (First) (Middle)

401 THEODORE FREMD AVE

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MachTen, Inc. [ MACT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/31/2023(1)		J(1)		4,200(1)	A	$0	605,980(1)	D(1)
Common Stock								735,750(2)	D
Common Stock								226,350(3)	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

LICT Corp

(Last) (First) (Middle)

401 THEODORE FREMD AVE

(Street)

RYE NY 10580

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GGCP, INC.

(Last) (First) (Middle)

189 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GGCP Holdings LLC

(Last) (First) (Middle)

140 GREENWICH AVENUE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Explanation of Responses:

1. LICT Corporation ("LICT") consummated the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 31, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Distribution") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). The shares reported herein reflect shares acquired by LICT in the Distribution resulting from open market purchases of LICT common stock with a right to the Distribution subsequent to the Record Date but prior to the Distribution Date.

2. Mario J. Gabelli beneficially owns these shares of common stock directly and through a trust over which he has sole voting and dispositive power over the shares held therein.

3. Mr. Gabelli may be deemed to beneficially own these shares of common stock, which are owned by GGCP, Inc. ("GGCP") via GGCP Holdings, LLC ("Holdings"). Mr. Gabelli may be deemed to have beneficial ownership of the shares to be held by Holdings on the basis of (i) his position as the Chief Executive Officer, a director and the controlling shareholder of GGCP, which is the manager and the majority member of Holdings, and (ii) a certain profit interest in Holdings. Mr. Gabelli disclaims beneficial ownership of the shares to be owned by Holdings except to the extent of his pecuniary interest therein.

Remarks:

Mr. Gabelli, GGCP and Holdings may be deemed a "group" with LICT for purposes of Section 13D of the Exchange Act.

	/s/ Douglas R. Jamieson, Attorney-in-fact for Mario J. Gabelli	09/05/2023
	/s/ Douglas R. Jamieson,, Attorney-in-Fact for LICT Corporation	09/05/2023
	/s/ Douglas R. Jamieson,, Attorney-in-Fact for GGCP, Inc.	09/05/2023
	/s/ Douglas R. Jamieson,, Attorney-in-Fact for GGCP Holdings, LLC	09/05/2023
	** Signature of Reporting Person	Date
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