SCHEDULE: Broker-Dealers Disclose 5.2% Stake in B. Riley Financial

A group of affiliated broker-dealers, including Susquehanna Securities, LLC, has reported a 5.2% beneficial ownership stake in B. Riley Financial, Inc.

Summary

• G1 Execution Services, LLC, SIG Brokerage, LP, and Susquehanna Securities, LLC, operating as a group of affiliated independent broker-dealers, have reported beneficial ownership of B. Riley Financial, Inc. common stock.
• The aggregate amount beneficially owned by this group is 1,593,482 shares.
• This ownership represents 5.2% of the total class of common stock outstanding.
• Susquehanna Securities, LLC's reported ownership includes options to buy 528,700 shares.
• The filing references B. Riley Financial, Inc.'s Annual Report on Form 10-K, indicating 30,597,066 shares of common stock were outstanding as of September 16, 2025.

Sentiment

Score: 6

Explanation: The filing is a neutral, factual disclosure of institutional ownership. The accumulation of a significant stake by a group of broker-dealers could be seen as a mild positive signal of institutional interest, but it does not contain operational or financial performance data to warrant a strong sentiment.

Positives

• A group of institutional broker-dealers has taken a significant 5.2% stake, potentially signaling confidence or strategic interest in B. Riley Financial, Inc.
• The inclusion of options to buy 528,700 shares in Susquehanna Securities, LLC's holdings suggests a potential for increased future ownership by the group.

Negatives

• No specific negatives for B. Riley Financial, Inc. are disclosed in this ownership filing.

Risks

• The filing itself does not detail specific risks related to B. Riley Financial, Inc.'s operations or financial health, as it is an ownership disclosure.

Future Outlook

NA

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's stock, indicating passive investment intent. This filing shows that a group of affiliated broker-dealers has accumulated a notable stake in B. Riley Financial, Inc., a diversified financial services company. Such institutional interest can sometimes be viewed positively by the market as it suggests professional investors see value.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by a group of broker-dealers may influence market perception and potentially share price, signaling increased institutional interest or confidence in B. Riley Financial, Inc.

Key Dates

Keywords

B. Riley Financial, RILY, Schedule 13G, beneficial ownership, institutional investment, broker-dealer, G1 Execution Services, SIG Brokerage, Susquehanna Securities, common stock