SCHEDULE 13D/A: Gebbia Family Amends Siebert Financial Corp. Ownership Disclosure, Reflecting Internal Share Transfer
Beneficial Ownership Amendment
The Gebbia family has filed an Amendment No. 27 to their Schedule 13D, updating their beneficial ownership in Siebert Financial Corp. to reflect an internal transfer of shares from Kimberly Gebbia to Richard Gebbia.
Summary
- This document is Amendment No. 27 to the Schedule 13D filing by the Gebbia family group regarding their beneficial ownership of Siebert Financial Corp. Common Stock.
- The amendment reports a transfer of shares of Issuer common stock from Kimberly Gebbia to Richard Gebbia.
- As of May 27, 2025, the Gebbia family group, consisting of Gloria E. Gebbia, John M. Gebbia, Richard Gebbia, David Gebbia, and Kimberly Gebbia, collectively beneficially own 16,941,323 shares of Siebert Financial Corp. Common Stock.
- This aggregate ownership represents approximately 42% of the 40,409,936 shares outstanding as of May 27, 2025.
- Gloria E. Gebbia directly owns 9,697,714 shares (approximately 24%).
- John M. Gebbia directly owns 2,024,891 shares (approximately 5%) and may share indirect beneficial ownership of 190,000 additional shares.
- Richard Gebbia directly owns 3,178,127 shares (approximately 8%) and may share indirect beneficial ownership of 261,273 additional shares.
- David Gebbia directly owns 1,515,318 shares (approximately 4%) and may share indirect beneficial ownership of 74,000 additional shares.
- Kimberly Gebbia does not directly own any shares but may share indirect beneficial ownership of 261,273 shares owned by family members and 3,178,127 shares owned by Richard Gebbia.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership changes and does not contain information that would inherently lead to a positive or negative sentiment. It is a routine regulatory filing.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership changes for a publicly traded financial services company. It does not provide broader industry trends or competitive analysis, focusing solely on the ownership structure of Siebert Financial Corp. by the Gebbia family group.
Related Party Transactions
- The document reports a transfer of shares of Issuer common stock from Kimberly Gebbia to Richard Gebbia, both members of the Gebbia family group, indicating an internal family transaction.
Stakeholder Impact
- Shareholders: The filing clarifies the beneficial ownership structure of a significant shareholder group (the Gebbia family), which could impact perceptions of control and stability. The overall percentage of ownership by the group remains consistent, indicating no major shift in control.
Key Dates
| Date | Description |
|---|---|
| 2016-12-21 | Original Schedule 13D filed |
| 2018-01-11 | Amendment 1 to Schedule 13D filed |
| 2018-01-26 | Amendment 2 to Schedule 13D filed |
| 2018-02-26 | Amendment 3 to Schedule 13D filed |
| 2018-04-25 | Amended and Restated Schedule 13D (Amendment 4) filed |
| 2018-09-11 | Amendment 5 to Schedule 13D filed |
| 2019-01-02 | Amendment 6 to Schedule 13D filed |
| 2019-04-04 | Amendment 7 to Schedule 13D filed |
| 2019-05-09 | Amendment 8 to Schedule 13D filed |
| 2019-09-30 | Amendment 9 to Schedule 13D filed |
| 2019-12-18 | Amendment 10 to Schedule 13D filed |
| 2020-01-10 | Amendment 11 to Schedule 13D filed |
| 2020-01-17 | Amendment 12 to Schedule 13D filed |
| 2020-02-07 | Amendment 13 to Schedule 13D filed |
| 2020-04-20 | Amendment 14 to Schedule 13D filed |
| 2020-06-24 | Amendment 15 to Schedule 13D filed |
| 2021-03-19 | Amendment 16 to Schedule 13D filed |
| 2021-04-08 | Amendment 17 to Schedule 13D filed |
| 2022-01-13 | Amendment 18 to Schedule 13D filed |
| 2022-12-21 | Amendment 19 to Schedule 13D filed |
| 2023-04-13 | Amendment 20 to Schedule 13D filed |
| 2023-05-22 | Amendment 21 to Schedule 13D filed |
| 2023-06-22 | Amendment 22 to Schedule 13D filed |
| 2023-12-18 | Amendment 23 to Schedule 13D filed |
| 2024-01-23 | Amendment 24 to Schedule 13D filed |
| 2025-03-05 | Amendment 25 to Schedule 13D filed |
| 2025-05-22 | Amendment 26 to Schedule 13D filed |
| 2025-05-27 | Date of event requiring this filing (beneficial ownership calculation date) |
| 2025-05-29 | Filing date of Amendment No. 27 |
Keywords
Siebert Financial Corp., SEC filing, Schedule 13D, beneficial ownership, share transfer, common stock, corporate governance, financial services, investment firm
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