Form 4: Richard Gebbia Reports Changes in Beneficial Ownership of Siebert Financial Corp (SIEB)

Richard Gebbia, a member of a 10% owner group, reports changes in his beneficial ownership of Siebert Financial Corp (SIEB) common stock.

Summary

• Richard Gebbia filed a Form 4 to report changes in his beneficial ownership of Siebert Financial Corp (SIEB) common stock.
• The reported transaction occurred on May 21, 2025.
• Gebbia directly owns 588,535 shares of SIEB common stock.
• He also has indirect beneficial ownership of 2,850,865 shares, including shares owned by family members and his wife.
• Gebbia disclaims beneficial ownership of shares owned by his wife and family members, except to the extent of his pecuniary interest.
• Gebbia is part of a control group that owns 16,941,323 shares of SIEB common stock.
• Shares of Issuer common stock were gifted to family members not within the control group, which resulted in a 18,000 decrease in shares of Issuer common stock to the control group.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for individuals and groups holding significant stakes in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates

Keywords

beneficial ownership, Form 4, SIEB, Siebert Financial Corp, Richard Gebbia, common stock, control group