Form 4: Siebert Financial Corp Director Charles Zabatta Reports Ownership Changes Following Stock Gifts

Director Charles Zabatta reports changes in beneficial ownership of Siebert Financial Corp stock due to gifts between the director and their spouse.

Summary

• On May 21, 2025, Charles Zabatta, a director of Siebert Financial Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• Zabatta's wife gifted him 100,000 shares, increasing his directly owned shares by that amount.
• This gift also resulted in a corresponding decrease of 100,000 shares in his indirectly owned shares.
• Following these transactions, Zabatta directly owns 200,000 shares and indirectly owns 350,439 shares through his wife.
• Zabatta disclaims beneficial ownership of the shares held by his wife, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock ownership changes. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions.

Related Party Transactions

• The transaction involves a gift of shares between Charles Zabatta and his wife, indicating a related party transaction.

Stakeholder Impact

• The change in ownership is unlikely to have a significant impact on stakeholders as it is a transfer between related parties and does not represent a major shift in control.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, SIEB, Siebert Financial Corp, Stock Gift, Charles Zabatta