Siebert Financial (SIEB) 10% Owner Richard Gebbia Buys 15,000 Shares

What Happened
Richard Gebbia, a 10% owner of Siebert Financial Corp (SIEB), is reported on a Form 4 as having 15,000 shares acquired on May 28, 2026 via an open-market purchase at $1.86 per share (total ≈ $27,900). The filing indicates the shares were acquired by a family member and are included in Gebbia’s indirect beneficial ownership; Gebbia disclaims direct beneficial ownership except to the extent of any pecuniary interest. The control group also completed gifts and an acquisition that resulted in a net decrease of 7,500 shares to the control group.

Key Details

• Transaction date: 2026-05-28 — Purchase (code P) of 15,000 shares at $1.86/share (≈ $27,900 total).
• Shares owned after transaction: Reporting person holds 3,078,127 shares (per footnote).
• Footnotes: F2 states a family member bought the 15,000 shares and those are included in Gebbia’s indirect holdings; F3 notes members of the control group gifted 22,500 shares to outsiders and a family member acquired 15,000, producing a net -7,500 to the control group. Reporting person disclaims beneficial ownership except for pecuniary interest.
• Filing timeliness: Form 4 was filed 2026-08-28 for a 2026-05-28 transaction (appears late), which can reduce the timeliness/value of the disclosure.

Context
This is a purchase reported for a 10% owner and was effected by a family member and via family/control-group transactions. Gifts and intra-family transfers are common and do not necessarily signal management sentiment; purchases by insiders can be of interest to investors but the late filing and the indirect nature of this acquisition limit the immediacy and interpretability of the signal.