Richard Gebbia - Dec 14, 2022 Form 4 Insider Report for SIEBERT FINANCIAL CORP (SIEB)

Role
Member of 10% owner group
Signature
/s/ Richard Gebbia
Stock symbol
SIEB
Transactions as of
Dec 14, 2022
Transactions value $
$0
Form type
4
Date filed
12/19/2022, 04:19 PM
Previous filing
Jan 10, 2022
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIEB Common Stock, $0.01 par value per share Other $0 -179K -5.79% $0.00 2.91M Dec 14, 2022 See Footnote F2
transaction SIEB Common Stock, $0.01 par value per share Gift $0 -100K -0.57% $0.00 17.5M Dec 14, 2022 Control Group F3
holding SIEB Common Stock, $0.01 par value per share 364K Dec 14, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person directly owns 363,535 shares of Issuer common stock.
F2 A member of the Reporting Person's household received a gift of 20,000 shares of Issuer common stock, and 199,273 shares of Issuer common stock owned by a member of the Reporting Person's household was deemed to no longer be indirectly beneficially owned by the Reporting Person. In addition, 2,689,592 shares of Issuer common stock were owned by the wife of the Reporting Person and was included in his total indirect beneficial ownership. 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.
F3 The Reporting Person is part of a control group consisting of family members of the Reporting Person. Shares of Issuer common stock were gifted to family members of people within the control group, the net effect of which resulted in a decrease of 100,000 shares of Issuer common stock to the control group. 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.