Form 4: Siebert Financial Corp Director Charles Zabatta Reports Share Transactions

Director Charles Zabatta of Siebert Financial Corp. reported a gift of 20,000 shares and direct ownership of 100,000 shares in a recent SEC filing.

Summary

• Charles Zabatta, a director at Siebert Financial Corp., has reported changes in his beneficial ownership of the company's stock.
• On January 7, 2025, Mr. Zabatta directly acquired 100,000 shares of common stock.
• Also on January 7, 2025, Mr. Zabatta's wife gifted 20,000 shares to family members.
• Mr. Zabatta's indirect beneficial ownership includes shares held by his wife, but he disclaims beneficial ownership of these shares except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies and their directors.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The reported transactions are typical for directors and officers of public companies.

Related Party Transactions

• The gift of 20,000 shares by Mr. Zabatta's wife to family members is a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they reflect changes in insider ownership.

Key Dates

Keywords

Siebert Financial Corp, Charles Zabatta, beneficial ownership, SEC Form 4, stock transaction, director, share gift