Form 4: SIEB: Gebbia Family Reports Internal Stock Transfers

David Gebbia, a member of SIEBERT FINANCIAL CORP's 10% owner group, reported several intra-family transfers of common stock on November 20, 2025, impacting indirect and control group holdings.

Summary

• David Gebbia directly owns 1,415,318 shares of SIEBERT FINANCIAL CORP common stock.
• On November 20, 2025, a minor family member of the Reporting Person was gifted 13,000 shares of common stock, increasing indirect ownership.
• Concurrently, a family member transferred 13,000 shares of common stock to a limited liability company owned by various family members, resulting in a net zero change to the Reporting Person's indirect ownership from these two specific transactions.
• Following these transactions, various family members included in the Reporting Person's indirect ownership hold 374,000 shares.
• The Gebbia Living Trust, part of the control group, gifted 128,000 shares to family members, resulting in a net decrease of 128,000 shares for the control group.
• The control group's total beneficial ownership stands at 16,813,323 shares of common stock.
• The Reporting Person disclaims beneficial ownership of these indirectly held shares, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports internal family and control group stock transfers and gifts, which are generally neutral in terms of market sentiment as they do not reflect open market buying or selling activity related to company performance or valuation.

Positives

• The transactions represent internal family and control group restructuring, not open market sales, suggesting continued long-term commitment to the company by the principal owners.
• The significant overall beneficial ownership by the Gebbia family and control group (over 18 million shares combined) indicates strong alignment with shareholder interests.

Negatives

• The control group's beneficial ownership decreased by 128,000 shares due to gifts to family members, some of whom may not be part of the control group, potentially diluting the immediate control group's stake.

Risks

• The filing itself does not detail specific risks to the company, but rather reports changes in beneficial ownership.
• The Reporting Person disclaims beneficial ownership of indirectly held shares except to the extent of their pecuniary interest, which is a standard legal disclaimer but highlights the complex ownership structure within the family and control group.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of insider ownership changes and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Gift of 13,000 shares of common stock to a minor family member of the Reporting Person.
• Transfer of 13,000 shares of common stock from a family member to a limited liability company owned by various family members.
• Gift of 128,000 shares of common stock by The Gebbia Living Trust (a member of the control group) to family members, some of whom may or may not be part of the control group.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are internal transfers, not open market transactions. The overall significant family/control group ownership remains, indicating stability.
• Employees, Customers, Suppliers, Creditors: No direct impact from these beneficial ownership changes.

Key Dates

Keywords

SIEBERT FINANCIAL CORP, SIEB, Form 4, Beneficial Ownership, Insider Transaction, Stock Transfer, Control Group, David Gebbia, Family Trust, Equity Ownership