Statement of Changes in Beneficial Ownership (4)
April 12 2023 - 04:11PM
Edgar (US Regulatory)
FORM 4
☐ Check this
box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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|
1. Name
and Address of Reporting Person * Gebbia John
M. |
2. Issuer Name and Ticker or Trading
Symbol SIEBERT FINANCIAL CORP [ SIEB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
_____ Officer (give title
below) __X__
Other (specify below)
Member of 10% owner group |
(Last)
(First)
(Middle)
C/O SIEBERT FINANCIAL CORP., 535 FIFTH AVENUE, 4TH
FLOOR |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/10/2023
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(Street)
NEW YORK, NY 10017 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
(City)
(State)
(Zip)
|
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate
that a transaction was made pursuant to a contract, instruction or
written plan that is intended to satisfy the affirmative defense
conditions of Rule 10b5-1(c). See Instruction 10. |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock, $0.01 par value per
share |
4/10/2023 |
4/10/2023 |
S |
V |
100000 |
D |
$1.85 |
1909091 |
D (1) |
|
Common Stock, $0.01 par value per
share |
|
|
|
|
|
|
|
118000 |
I |
Shares held by dependent
children |
Common Stock, $0.01 par value per
share |
4/10/2023 |
4/10/2023 |
S |
V |
100000 |
D |
$1.85 |
17439200 |
I |
Control Group (2) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Explanation of
Responses: |
(1) |
The Reporting Person sold
100,000 shares of Issuer common stock in a private sale. 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. |
(2) |
The Reporting Person is part
of a control group consisting of family members of the Reporting
Person. The Reporting person sold 100,000 shares of Issuer common
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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Gebbia John M.
C/O SIEBERT FINANCIAL CORP.
535 FIFTH AVENUE, 4TH FLOOR
NEW YORK, NY 10017 |
|
|
|
Member of 10% owner group |
Signatures
|
/s/ John M. Gebbia |
|
4/12/2023 |
**Signature of
Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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