SCHEDULE: Gebbia Family Updates Siebert Financial Ownership
Schedule 13D Amendment
The Gebbia family group filed an Amendment 29 to Schedule 13D, detailing internal transfers of Siebert Financial Corp. common stock among family members and trusts.
Summary
- The Gebbia family group, consisting of Gloria E. Gebbia, John M. Gebbia, Richard Gebbia, David Gebbia, John J. Gebbia, and the Gebbia Living Trust, collectively beneficially owns 16,813,323 shares of Siebert Financial Corp. Common Stock.
- This aggregate ownership represents 42% of the Issuer's outstanding Common Stock, based on 40,435,936 shares outstanding as of November 24, 2025.
- The amendment reports gifts from the Gebbia Living Trust to certain family members and subsequent transfers of these gifts to a limited liability company owned by various family members.
- Gloria E. Gebbia and John J. Gebbia do not directly own shares but have indirect beneficial ownership of 9,569,714 shares through the Gebbia Living Trust.
- John M. Gebbia directly owns 1,924,891 shares (approximately 5%) and may share indirect beneficial ownership of 490,000 additional shares.
- Richard Gebbia directly owns 3,078,127 shares (approximately 8%) and may share indirect beneficial ownership of 561,273 additional shares.
- David Gebbia directly owns 1,415,318 shares (approximately 4%) and may share indirect beneficial ownership of 374,000 additional shares.
- The Gebbia Living Trust beneficially owns 9,569,714 shares, representing approximately 24% of the outstanding Common Stock.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of changes in beneficial ownership within a family group, without explicit positive or negative implications for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This filing primarily concerns internal ownership structure changes within a significant shareholder group and does not directly relate to broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Group Agreement | The Reporting Persons are party to an Amended and Restated Joint Filing and Group Agreement, which was amended on January 10, 2022, formalizing their collective beneficial ownership for reporting purposes. | 2022-01-10 | This agreement clarifies the coordinated reporting of the Gebbia family's significant ownership stake, reinforcing their status as a control group. |
Related Party Transactions
- The filing reports gifts of common stock from the Gebbia Living Trust to certain family members.
- Subsequent transfers of these gifted shares occurred to a limited liability company owned by various family members.
Stakeholder Impact
- Shareholders are provided with updated clarity on the beneficial ownership structure of a significant control block within Siebert Financial Corp., confirming the continued substantial stake held by the Gebbia family group.
Key Dates
| Date | Description |
|---|---|
| 12/8/1994 | Date of the Gebbia Living Trust Under Agreement Dated (UAD). |
| 12/21/2016 | Original Schedule 13D filing date. |
| 1/11/2018 | Amendment 1 to Schedule 13D filing date. |
| 1/26/2018 | Amendment 2 to Schedule 13D filing date. |
| 2/26/2018 | Amendment 3 to Schedule 13D filing date. |
| 4/25/2018 | Amendment 4 (Amended and Restated Schedule 13D) filing date. |
| 9/11/2018 | Amendment 5 to Schedule 13D filing date. |
| 1/2/2019 | Amendment 6 to Schedule 13D filing date. |
| 4/4/2019 | Amendment 7 to Schedule 13D filing date. |
| 5/9/2019 | Amendment 8 to Schedule 13D filing date. |
| 9/30/2019 | Amendment 9 to Schedule 13D filing date. |
| 12/18/2019 | Amendment 10 to Schedule 13D filing date. |
| 1/10/2020 | Amendment 11 to Schedule 13D filing date. |
| 1/17/2020 | Amendment 12 to Schedule 13D filing date. |
| 2/7/2020 | Amendment 13 to Schedule 13D filing date. |
| 4/20/2020 | Amendment 14 to Schedule 13D filing date. |
| 6/24/2020 | Amendment 15 to Schedule 13D filing date. |
| 3/19/2021 | Amendment 16 to Schedule 13D filing date. |
| 4/8/2021 | Amendment 17 to Schedule 13D filing date. |
| 1/10/2022 | Amended and Restated Joint Filing and Group Agreement amended date. |
| 1/13/2022 | Amendment 18 to Schedule 13D filing date. |
| 12/21/2022 | Amendment 19 to Schedule 13D filing date. |
| 4/13/2023 | Amendment 20 to Schedule 13D filing date. |
| 5/22/2023 | Amendment 21 to Schedule 13D filing date. |
| 6/22/2023 | Amendment 22 to Schedule 13D filing date. |
| 12/18/2023 | Amendment 23 to Schedule 13D filing date. |
| 1/23/2024 | Amendment 24 to Schedule 13D filing date. |
| 3/5/2025 | Amendment 25 to Schedule 13D filing date. |
| 3/22/2025 | Amendment 26 to Schedule 13D filing date. |
| 5/29/2025 | Amendment 27 to Schedule 13D filing date. |
| 6/12/2025 | Amendment 28 to Schedule 13D filing date. |
| 11/20/2025 | Date of event which requires the filing of this statement. |
| 11/24/2025 | Date of filing and calculation of shares outstanding. |
Keywords
Siebert Financial Corp, Gebbia, Schedule 13D, beneficial ownership, family trust, common stock, corporate governance
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