Form 4: Gebbia Reports SIEB Stock Ownership Changes

Richard Gebbia, a member of SIEBERT FINANCIAL CORP.'s 10% owner group, filed a Form 4 detailing changes in his indirect beneficial ownership of common stock through family transactions.

Summary

• Richard Gebbia, a member of the 10% owner group for SIEBERT FINANCIAL CORP. (SIEB), reported changes in his beneficial ownership of common stock.
• Direct ownership of SIEB common stock remains at 3,078,127 shares.
• Indirect ownership through family members saw a net change due to a gift of 13,000 shares to a minor family member and a subsequent transfer of 13,000 shares from a family member to a family-owned limited liability company.
• Following these transactions, various family members included in the reporting person's indirect ownership own 561,273 shares of SIEB common stock.
• The Gebbia Living Trust, a member of the control group, gifted 128,000 shares of SIEB common stock to family members, resulting in a net decrease of 128,000 shares for the control group.
• The control group now indirectly owns 16,813,323 shares of SIEB common stock.
• The reporting person disclaims beneficial ownership of such indirectly held shares, except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction report detailing changes in beneficial ownership through family gifts and transfers, with no direct impact on company operations or financial performance.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This filing is a routine disclosure of insider stock ownership changes, common in the financial services industry for publicly traded companies. It reflects internal family wealth management and does not indicate broader industry trends or competitive positioning.

Related Party Transactions

• A gift of 13,000 shares of Issuer common stock was made to a minor family member of the reporting person.
• A transfer of 13,000 shares of Issuer common stock occurred from a family member to a limited liability company owned by various family members.
• The Gebbia Living Trust, a member of the control group, gifted 128,000 shares of Issuer common stock to family members included and not included in the control group.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are internal family transfers and gifts, not open market sales or purchases that would significantly affect liquidity or market sentiment.
• Reporting Person: Changes in indirect beneficial ownership structure and reporting obligations.

Key Dates

Keywords

SIEBERT FINANCIAL CORP, SIEB, Richard Gebbia, Form 4, Insider Trading, Beneficial Ownership, Stock Ownership, Equity, Family Trust, Control Group