Form 4: Siebert Financial Insider Gebbia Reports Ownership Changes

Richard Gebbia, a member of Siebert Financial Corp.'s 10% owner group, filed a Form 4 detailing direct and indirect beneficial ownership adjustments, including family gifts and control group share clarifications.

Summary

• Richard Gebbia directly owns 3,078,127 shares of Siebert Financial Corp. common stock.
• Indirect ownership by various family members totals 561,273 shares of common stock.
• On January 20, 2026, 13,000 shares were gifted to minor family members, resulting in an increase in indirect ownership.
• Concurrently on January 20, 2026, 13,000 shares were transferred from family members to a limited liability company owned by family members, resulting in a decrease in indirect ownership.
• The reporting person is part of a control group consisting of family members, which indirectly owns 17,074,103 shares of common stock.
• The control group's indirect ownership was previously underreported by 403,780 shares, representing shares underlying a warrant issued on May 22, 2023, to BCW Securities LLC.
• Members of the control group gifted 143,000 shares of common stock to family members and others, resulting in a net decrease of 143,000 shares to the control group's total.
• Richard Gebbia disclaims beneficial ownership of indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing is a routine compliance report detailing changes in beneficial ownership and corrections to previous reporting. It does not inherently convey positive or negative sentiment regarding the company's operational or financial performance.

Positives

• Correction of previously underreported shares (403,780 shares) by the control group enhances transparency and compliance.
• Gifts of 13,000 shares to minor family members indicate wealth transfer within the family.

Negatives

• The control group experienced a net decrease of 143,000 shares due to gifts to family members and others, slightly reducing the overall control group's stake.
• Prior underreporting of 403,780 shares, though now corrected, indicates a past compliance oversight.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a standard insider ownership disclosure (Form 4) and does not provide information to analyze broader industry trends or competitor activities. It focuses solely on the beneficial ownership changes of a specific insider at Siebert Financial Corp.

Corporate Governance

Related Party Transactions

• Gifts of 13,000 shares of Siebert Financial Corp. common stock to minor family members of Richard Gebbia.
• Transfer of 13,000 shares of Siebert Financial Corp. common stock from family members to a limited liability company owned by various family members.
• Gifts of 143,000 shares of Siebert Financial Corp. common stock by control group members to family members and others included and not included within the control group.

Stakeholder Impact

• Shareholders: Increased transparency regarding the beneficial ownership structure of a significant insider and control group. Minor adjustments to the overall control group's stake.
• Regulatory Authorities: The correction of underreported shares demonstrates compliance with SEC reporting requirements.

Key Dates

Keywords

Siebert Financial Corp, SIEB, Form 4, beneficial ownership, insider trading, control group, stock ownership, equity transactions, Richard Gebbia, family transfers, warrant