SCHEDULE: Siebert Financial: Gebbia Family Adjusts Holdings
Beneficial Ownership Update
The Gebbia family group updated its beneficial ownership in Siebert Financial Corp., reporting gifts, transfers, and an adjustment for previously omitted warrant shares.
Summary
- The Gebbia family group, including Gloria E. Gebbia, John M. Gebbia, Richard Gebbia, David Gebbia, John J. Gebbia, and the Gebbia Living Trust, collectively beneficially owns 17,217,103 shares of Siebert Financial Corp. Common Stock.
- This represents approximately 42% of the 40,720,936 shares outstanding as of January 22, 2026.
- The amendment reports gifts from control group members to certain family members and others, with subsequent transfers of these gifted shares to a limited liability company owned by various family members.
- An adjustment was made to include 403,780 shares underlying a warrant issued by Gloria Gebbia to BCW Securities LLC on May 22, 2023, which were previously omitted from beneficial ownership calculations.
Sentiment
Score: 5
Explanation: Neutral. The filing is a routine disclosure of changes in beneficial ownership and a correction of a previous omission, neither of which inherently indicates positive or negative sentiment for the company's operational performance or future prospects.
Risks
- Potential for misrepresentation of beneficial ownership if previous filings contained omissions, as evidenced by the correction of 403,780 previously omitted shares.
Future Outlook
NA
Industry Context
This filing is a routine update of beneficial ownership by a control group, common for publicly traded companies with significant insider holdings. It does not provide specific industry-related insights beyond the company's ownership structure.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Group Agreement Amendment | The Amended and Restated Joint Filing and Group Agreement was amended on January 10, 2022, which governs the reporting persons' collective actions regarding Siebert Financial Corp. securities. | 01/10/2022 | Formalizes the agreement among the Gebbia family members regarding their collective beneficial ownership and reporting obligations, ensuring compliance with Section 13(d)(3) of the Securities Exchange Act of 1934. |
Related Party Transactions
- Gifts from members of the control group (Gebbia family) to certain family members and others.
- Subsequent transfers of these gifts to a limited liability company owned by various family members.
- Warrant issued by Gloria Gebbia (a director) to BCW Securities LLC on May 22, 2023, which was previously omitted from beneficial ownership calculations.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership structure and control of the company by the Gebbia family group. The correction of previously omitted shares ensures more accurate disclosure.
Key Dates
| Date | Description |
|---|---|
| 12/08/1994 | Date of the Gebbia Living Trust (John J & Gloria E Gebbia TTEESS UAD 12/8/94) |
| 12/21/2016 | Original Schedule 13D filing date |
| 01/11/2018 | Amendment 1 to Schedule 13D filing date |
| 01/26/2018 | Amendment 2 to Schedule 13D filing date |
| 02/26/2018 | Amendment 3 to Schedule 13D filing date |
| 04/25/2018 | Amended and Restated Schedule 13D (Amendment 4) filing date |
| 09/11/2018 | Amendment 5 to Schedule 13D filing date |
| 01/02/2019 | Amendment 6 to Schedule 13D filing date |
| 04/04/2019 | Amendment 7 to Schedule 13D filing date |
| 05/09/2019 | Amendment 8 to Schedule 13D filing date |
| 09/30/2019 | Amendment 9 to Schedule 13D filing date |
| 12/18/2019 | Amendment 10 to Schedule 13D filing date |
| 01/10/2020 | Amendment 11 to Schedule 13D filing date |
| 01/17/2020 | Amendment 12 to Schedule 13D filing date |
| 02/07/2020 | Amendment 13 to Schedule 13D filing date |
| 04/20/2020 | Amendment 14 to Schedule 13D filing date |
| 06/24/2020 | Amendment 15 to Schedule 13D filing date |
| 03/19/2021 | Amendment 16 to Schedule 13D filing date |
| 04/08/2021 | Amendment 17 to Schedule 13D filing date |
| 01/10/2022 | Amended and Restated Joint Filing and Group Agreement amended date |
| 01/13/2022 | Amendment 18 to Schedule 13D filing date |
| 12/21/2022 | Amendment 19 to Schedule 13D filing date |
| 04/13/2023 | Amendment 20 to Schedule 13D filing date |
| 05/22/2023 | Amendment 21 to Schedule 13D filing date; Date Gloria Gebbia issued warrant to BCW Securities LLC |
| 06/22/2023 | Amendment 22 to Schedule 13D filing date |
| 12/18/2023 | Amendment 23 to Schedule 13D filing date |
| 01/23/2024 | Amendment 24 to Schedule 13D filing date |
| 03/05/2025 | Amendment 25 to Schedule 13D filing date |
| 03/22/2025 | Amendment 26 to Schedule 13D filing date |
| 05/29/2025 | Amendment 27 to Schedule 13D filing date |
| 06/12/2025 | Amendment 28 to Schedule 13D filing date |
| 11/24/2025 | Amendment 29 to Schedule 13D filing date |
| 01/20/2026 | Date of event requiring this filing (Amendment No. 30) |
| 01/22/2026 | Date of calculation for shares outstanding; Date of filing and signatures for Amendment No. 30 |
Recommendation
holdThis filing is a routine Schedule 13D amendment detailing changes in beneficial ownership within the controlling Gebbia family group and correcting a prior omission. It does not contain information related to the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The correction of previously omitted shares is a compliance matter and does not indicate a fundamental shift in value. Therefore, a 'hold' recommendation is appropriate as there is no new information to alter an an existing investment thesis.
Keywords
Siebert Financial Corp., SFC, Schedule 13D, Beneficial Ownership, Gebbia Family, Insider Holdings, Shareholder Update, Warrant Shares, Control Group
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