Gloria E. Gebbia - May 22, 2023 Form 4 Insider Report for SIEBERT FINANCIAL CORP (SIEB)

Role: Member of 10% owner group
Signature: /s/ Gloria E. Gebbia
Stock symbol: SIEB
Transactions as of: May 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/24/2023, 07:40 PM
Previous filing: Dec 16, 2022
Next filing: Dec 18, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SIEB	Warrant	Other	$0	-404K	-100%	$0.00^*	0	May 22, 2023	Common stock	404K	$2.15	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.