Gebbia Richard 4

What Happened

• Richard Gebbia, a reported 10% owner of Siebert Financial Corp (SIEB), was involved in two related transactions on 2026-01-20: a gift (code G) of 13,000 shares and an other acquisition/disposition (code J) disposing of 13,000 shares. Both transactions show a reported price of $0.00 (gifts/transfers), so no cash changed hands. After these transactions the reporting person is shown as owning 3,078,127 shares of the issuer's common stock (per footnote F1).

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-22.
• Transactions: Gift of 13,000 shares (G) and a disposition/transfer of 13,000 shares (J); reported price $0.00 for each.
• Shares owned after transaction: 3,078,127 shares (reported).
• Notable footnotes:
  • F2: 13,000 shares were gifted to the reporting person’s minor family members (net +13,000 to indirect ownership) and 13,000 were transferred to a family-owned LLC (net −13,000 to indirect ownership).
  • F3–F4: The reporting person is part of a family control group; disclosures note an underreported 403,780 shares underlying a warrant and prior net movements (including a 143,000-share net decrease to the control group). The reporting person disclaims beneficial ownership of certain family/control-group shares except to the extent of pecuniary interest.
• No indication in the filing of a 10b5-1 plan or tax-withholding sale.

Context

• Gifts and internal family transfers are common estate/planning moves and do not necessarily signal insider confidence or lack thereof in the company’s stock price. As a 10% owner (not necessarily an executive trading for compensation), these transactions largely reflect family/ownership reorganization.