Form 4: Gebbia Family Adjusts SIEB Holdings

John M. Gebbia reports changes in direct and indirect beneficial ownership of Siebert Financial Corp. common stock, including gifts and transfers among family members and a control group.

Summary

• John M. Gebbia, a member of the 10% owner group of Siebert Financial Corp. (SIEB), reported changes in his beneficial ownership.
• He directly owns 1,924,891 shares of SIEB common stock.
• On November 20, 2025, 26,000 shares of SIEB common stock were gifted to his minor family members, resulting in a net increase to his indirect ownership.
• Concurrently, 26,000 shares were transferred from his family members to a limited liability company owned by various family members, resulting in a net decrease to his indirect ownership.
• Following these transactions, various family members included in his indirect ownership own 490,000 shares of SIEB common stock.
• The reporting person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
• The Gebbia Living Trust, a member of the control group (which holds 16,813,323 shares), gifted 128,000 shares of SIEB common stock to family members, leading to a net decrease of 128,000 shares for the control group.

Sentiment

Score: 5

Explanation: The filing reports internal family transfers of shares, which are administrative in nature and do not inherently signal positive or negative sentiment regarding the company's operational performance or future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details specific insider ownership changes and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Gift of 26,000 shares of SIEB common stock to minor family members of the reporting person.
• Transfer of 26,000 shares of SIEB common stock from family members to a limited liability company owned by various family members.
• Gift of 128,000 shares of SIEB common stock by The Gebbia Living Trust (a member of the control group) to family members.

Stakeholder Impact

• Shareholders: The transactions represent internal adjustments within a significant ownership group and are unlikely to have a material impact on the broader shareholder base or market perception.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by the reported ownership changes.

Key Dates

Keywords

SIEB, Siebert Financial Corp, Form 4, insider trading, beneficial ownership, stock ownership, Gebbia, control group