Form 4: Siebert Financial Corp Executive Andrew H. Reich Reports Gift of Shares

Andrew H. Reich, EVP, COO, CFO, and Secretary of Siebert Financial Corp, reported gifting 60,664 shares of common stock to an adult family member on May 1, 2025.

Summary

• On May 1, 2025, Andrew H. Reich, an executive at Siebert Financial Corp, reported a transaction involving the company's common stock.
• Reich gifted 60,664 shares of Siebert Financial Corp common stock to an adult family member.
• This transaction resulted in a decrease of Reich's direct ownership by 60,664 shares.
• Following the transaction, Reich directly owns 609,574 shares of Siebert Financial Corp.
• Reich also holds 28,000 shares indirectly for the benefit of minor children but disclaims beneficial ownership except for pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing reporting a personal transaction. It doesn't inherently convey positive or negative sentiment regarding the company's performance or prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a personal transaction by an executive and doesn't necessarily reflect a change in the company's financial outlook or strategic direction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it represents a personal transaction by an executive and does not affect the company's operations or financial position.

Key Dates

Keywords

Form 4, Beneficial Ownership, SIEBERT FINANCIAL CORP, SIEB, Andrew H. Reich, Stock Gift, Executive Transaction