SIEB executive Reich now directly holds 589,574 Siebert shares

Rhea-AI Filing Summary

Siebert Financial Corp. (SIEB) reported an insider equity change by Andrew H. Reich, who serves as director, EVP, COO, CFO and Secretary. On 11/20/2025, he gifted 20,000 shares of Siebert common stock to an adult family member, a transfer recorded at a price of $0 because it was a gift. Following this transaction, he directly owns 589,574 shares of Siebert common stock.

The filing also notes that he holds 28,000 shares for the benefit of his minor children and disclaims beneficial ownership of those shares except to the extent of his pecuniary interest. No derivative securities were reported in this form.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reich Andrew H

(Last) (First) (Middle)

C/O SIEBERT FINANCIAL CORP.

653 COLLINS AVENUE

(Street)

MIAMI BEACH FL 33139

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIEBERT FINANCIAL CORP [ SIEB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, COO CFO and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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	11/20/2025	11/20/2025	G	V	20,000	D	$0	589,574	D(1)
Common Stock, $0.01 par value per share								28,000	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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 gifted 20,000 shares of Issuer common stock to an adult family member, resulting in a net decrease of 20,000 shares of Issuer common stock to the Reporting Person's direct ownership.

2. The Reporting Person holds 28,000 shares of Issuer common stock for the benefit of the Reporting Person's minor children. 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.

	/s/ Andrew H. Reich	11/24/2025
	** 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 Number.

FAQ

What insider transaction did SIEB report in this Form 4?

The report shows that Andrew H. Reich gifted 20,000 shares of Siebert Financial Corp. common stock to an adult family member on 11/20/2025.

Who is the reporting person in the Siebert Financial (SIEB) Form 4?

The reporting person is Andrew H. Reich, who is a director and an officer of Siebert Financial Corp., serving as EVP, COO, CFO and Secretary.

How many SIEB shares does Andrew H. Reich own after the reported transaction?

After the gift, Andrew H. Reich directly owns 589,574 shares of Siebert Financial Corp. common stock.

Does Andrew H. Reich hold any SIEB shares for family members?

Yes. He holds 28,000 shares of Siebert common stock for the benefit of his minor children and disclaims beneficial ownership of those shares except for his pecuniary interest.

Were any derivative securities reported in this Siebert Financial (SIEB) Form 4?

No derivative securities common stock appear in this filing.

Is the reported SIEB transaction a sale for cash or a gift?

The transaction is a gift of 20,000 shares of Siebert common stock, recorded at a price of $0 per share.