Form 4: Siebert Financial Insider Richard Gebbia Reports Internal Family Share Transfers

Richard Gebbia, a member of Siebert Financial Corp.'s 10% owner group, reported internal transfers of common stock among family members and a family-controlled company, resulting in a shift between his direct and indirect beneficial ownership.

Summary

• Richard Gebbia, a member of the 10% owner group of Siebert Financial Corp. (SIEB), filed a Form 4 detailing changes in his beneficial ownership.
• On June 11, 2025, Mr. Gebbia transferred 100,000 shares of SIEB common stock from his direct ownership to a company owned and controlled by various family members.
• This transfer decreased his directly owned shares by 100,000 to 3,078,127.
• Concurrently, various family members transferred an aggregate of 300,000 shares of SIEB common stock to the same family-owned and controlled company.
• This resulted in a 300,000 share increase in Mr. Gebbia's indirectly owned shares, bringing his total indirectly owned shares to 561,273, of which 300,000 are held by the family company.
• The reporting person disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
• The transfers occurred within a control group consisting of family members, resulting in no change to the total shares held by the control group, which stands at 16,941,323 shares.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports internal family share transfers and does not indicate any positive or negative operational or financial developments for the company.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details specific insider ownership changes within Siebert Financial Corp. and does not provide information relevant to broader industry trends or competitive landscape analysis.

Related Party Transactions

• Richard Gebbia transferred 100,000 shares of common stock to a company owned and controlled by various family members.
• Various family members transferred 300,000 shares of common stock to a company owned and controlled by such family members.
• Shares of Issuer common stock were transferred by various members of the control group to a company owned and controlled by various family members within the control group.

Stakeholder Impact

• Shareholders: The transfers represent a re-arrangement of ownership within a significant control group, not a sale to the open market, thus having minimal direct impact on the broader shareholder base.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing, as it pertains solely to internal share ownership changes.

Key Dates

Keywords

Siebert Financial Corp, SIEB, Form 4, Insider Trading, Beneficial Ownership, Richard Gebbia, Stock Transfer, Family Ownership, Control Group