GAMCO Investors and Affiliates Decrease Stake in Crimson Wine Group to 4.03%

On June 29, 2026, GAMCO Investors, Inc. and its affiliated reporting persons, including Mario Gabelli, filed an amendment to their Schedule 13D regarding Crimson Wine Group, Ltd (CWGL). The filing reports that the group collectively beneficially owns 829,200 shares of Common Stock, representing approximately 4.03% of the class. This reflects a decrease in ownership, as the reporting persons previously ceased to be 5% beneficial owners on March 18, 2021. Recent transactions leading up to this filing include sales by Gabelli Funds, LLC (specifically the Gabelli Asset Fund) and Teton Advisors, Inc. between May and June 2026 at prices ranging from $4.11 to $4.40 per share. Specifically, GAMCO Asset Management Inc. holds 364,200 shares (1.77%), Gabelli Funds holds 275,000 shares (1.34%), and Teton Advisors holds 190,000 shares (0.92%). The reporting persons continue to file on Schedule 13D to ensure compliance during potential communications with the issuer's management, despite being technically eligible for Schedule 13G.