Siebert Financial (SIEB) 10% Owner Richard Gebbia Receives Gift of 17,340 Shares

What Happened
Richard Gebbia, a reported 10% owner of Siebert Financial Corp (SIEB), was the recipient of a gift of 17,340 shares of the issuer’s common stock on September 28, 2026. The shares were transferred as a gift (transaction code G) at $0.00 per share (no cash consideration), so the reported transaction value is $0. The Form 4 filed on September 30, 2026 reports this transfer and shows Gebbia’s total reported holdings after the transaction as 3,078,127 shares (including indirect holdings).

Key Details

• Transaction date: 2026-09-28; filing date: 2026-09-30 (timely filing).
• Transaction type/code: Gift (G); price per share: $0.00; reported transaction value: $0.
• Shares received: 17,340; reported total holdings after transaction: 3,078,127 shares (per footnote F1).
• Footnote highlights:
  • F2: The gift was made to a family member and increased Gebbia’s indirect ownership by 17,340 shares; various family members own 576,273 shares included in his indirect holdings, which he disclaims except for any pecuniary interest.
  • F3: A family-owned LLC (outside the control group) also gifted an aggregate 69,360 shares to members of the control group; Gebbia disclaims beneficial ownership of those shares except for pecuniary interest.
• No indication of option exercise, sale, or tax withholding in this filing.

Context
Gifts are transfers for estate planning or family allocation and do not necessarily signal the giver’s market view. As a reported 10% owner and member of a family control group, these transfers appear to be intra-family reallocations and include disclaimers of beneficial ownership except for pecuniary interest. For retail investors, purchases or open-market sales by insiders typically carry clearer sentiment signals than gifts.