Form 4: Siebert Financial Director Gifts Shares, Maintains Indirect Ownership
Statement of Changes in Beneficial Ownership
Siebert Financial Corp. Director Charles Zabatta reported gifting 180,000 shares of common stock to his wife, resulting in a shift from direct to indirect beneficial ownership.
Summary
- Charles Zabatta, a Director and 10% Owner of Siebert Financial Corp. (SIEB), reported a transaction on July 28, 2025.
- The transaction involved gifting 180,000 shares of Siebert Financial Corp. common stock, with a par value of $0.01 per share, to his wife.
- This gift resulted in a decrease of 180,000 shares in Mr. Zabatta's directly owned shares.
- Concurrently, his indirectly owned shares increased by 180,000 shares, as these shares are now held by his wife.
- Following the transaction, Mr. Zabatta directly owns 20,000 shares.
- His indirect beneficial ownership totals 530,439 shares, which includes the 180,000 shares held by his wife.
- Mr. Zabatta disclaims beneficial ownership of the shares held by his wife, except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The transaction is a personal gift of shares by a director to a spouse, which is neutral in terms of company performance or outlook. It represents a change in the form of beneficial ownership rather than a sale or acquisition for value.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing details a personal transaction by a director and does not provide information relevant to broader industry trends or competitive dynamics within the financial services sector.
Related Party Transactions
- The reporting person gifted 180,000 shares of common stock to his wife, which is a transaction between related parties.
Stakeholder Impact
- Shareholders: The transaction represents a shift in the form of beneficial ownership for a significant insider, but does not alter the total number of shares outstanding or the company's capital structure. The shares remain indirectly associated with the director.
Key Dates
| Date | Description |
|---|---|
| 07/28/2025 | Date of the reported transaction (gift of shares) |
| 07/30/2025 | Date the Form 4 filing was signed |
Keywords
Siebert Financial Corp, SIEB, Form 4, Beneficial Ownership, Director, Stock Gift, Insider Transaction
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