Form 4: SIEB Executive Gifts 20,000 Shares to Family Member

Andrew H. Reich, EVP, COO, CFO, and Secretary of Siebert Financial Corp., reported gifting 20,000 shares of common stock to an adult family member.

Summary

• Andrew H. Reich, an executive and director at Siebert Financial Corp. (SIEB), gifted 20,000 shares of the company's common stock.
• The transaction occurred on November 20, 2025.
• The shares were gifted to an adult family member at a price of $0 per share.
• Following this transaction, Reich's direct beneficial ownership decreased by 20,000 shares to 589,574 shares.
• Reich also indirectly holds 28,000 shares for the benefit of his minor children, disclaiming beneficial ownership except for pecuniary interest.

Sentiment

Score: 5

Explanation: The transaction is a personal gift of shares by an executive, which is generally neutral for the company's operational performance or strategic direction. It represents a decrease in direct insider ownership but is not indicative of a negative outlook on the company itself.

Negatives

• A decrease of 20,000 shares in direct beneficial ownership by a key executive.

Industry Context

This Form 4 filing reflects a routine insider transaction, specifically a gift of shares, which is common among executives for estate planning or personal reasons and does not typically indicate a shift in broader industry trends or competitive landscape for the financial services sector.

Related Party Transactions

• Gift of 20,000 shares of common stock to an adult family member.

Stakeholder Impact

• Shareholders: A minor decrease in direct insider ownership, which is generally not a significant event unless it's a very large transaction or part of a pattern.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal transaction.

Key Dates

Keywords

Siebert Financial Corp, SIEB, Form 4, insider transaction, stock gift, beneficial ownership, Andrew H. Reich, executive ownership