Gebbia Gloria E 4
4 · SIEBERT FINANCIAL CORP · Filed May 24, 2023
Insider Transaction Report
Form 4
Gebbia Gloria E
Director10% OwnerOther
Transactions
- Other
Warrant
2023-05-22−403,780→ 0 totalExercise: $2.15From: 2023-05-22Exp: 2028-05-22→ Common stock (403,780 underlying)
Footnotes (1)
- [F1]On May 22, 2023, the Reporting Person issued a warrant to BCW Securities LLC, a Delaware limited liability company ("BCW"), to purchase Four Hundred Three Thousand, Seven Hundred Eighty (403,780) shares of common stock of the Company held by the Reporting Person at an exercise price of $2.15 per share. The Reporting Person issued the warrant pursuant to that certain agreement, dated March 27, 2023, by and among the Reporting Person, the Company and BCW to resolve compensation potentially owed by the Company to BCW arising out of BCW's introduction of Kakaopay Corp. to the Company and the subsequent investment by Kakaopay Corp. in the Company. The Reporting Person is part of a control group consisting of family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares of Issuer common stock, except to the extent of the Reporting Person's pecuniary interest therein.