Form 4: Gloria Gebbia Reports Gift of Shares in Siebert Financial Corp

Gloria Gebbia, a director and 10% owner of Siebert Financial Corp, reported gifting 18,000 shares of common stock to family members, resulting in a decrease in the control group's holdings.

Summary

• On May 21, 2025, Gloria E. Gebbia, a director and a 10% owner of Siebert Financial Corp (SIEB), gifted 18,000 shares of the company's common stock to various family members.
• Following the transaction, Ms. Gebbia directly owns 9,697,714 shares.
• Ms. Gebbia is part of a control group consisting of family members; the gift resulted in a decrease of 18,000 shares held by the control group.
• Ms. Gebbia disclaims beneficial ownership of the gifted shares, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The gifting of shares to family members is a related party transaction.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership distribution.

Key Dates

Keywords

Siebert Financial Corp, Gloria Gebbia, share gifting, beneficial ownership, Form 4, SIEB, control group