Siebert Financial (SIEB) Form 4: Zabatta Shifts 180k Shares Indirectly

Rhea-AI Filing Summary

Form 4 filing for Siebert Financial Corp. (SIEB) discloses that director Charles Zabatta executed a Code G (gift) transaction on 07/28/2025. He transferred 180,000 shares of common stock to his wife at a stated price of $0.

• Direct ownership fell from 200,000 to 20,000 shares after the gift.
• Indirect ownership (shares held by his wife) rose to 530,439 shares; Zabatta disclaims beneficial ownership except for any pecuniary interest.
• No derivative securities, option exercises, sales for cash, or purchases were reported.

The filing signals an internal re-allocation of equity rather than a market transaction, so immediate valuation impact is likely limited. Total economic exposure for the reporting person is effectively unchanged, but the shift reduces directly controlled voting power.

Insights

Securities Analyst

TL;DR: Gift shifts 180k SIEB shares from direct to indirect ownership; minimal market impact.

The Code G transaction is a non-cash transfer to a related party, so it does not represent insider selling pressure. Zabatta’s aggregate economic stake remains largely intact, now mostly held indirectly via his spouse. While direct voting control drops to 20k shares, overall influence may persist through household ownership. Investors typically view intra-family gifts as neutral events unless they precede broader disposition programs. Given the absence of sales proceeds or derivatives, I assign a neutral (0) impact rating.

Insider Trade Summary

360,000 shares gifted

Mixed 2 txns

Insider ZABATTA CHARLES

Role Director

Type	Security	Shares	Price	Value
Gift	Common Stock, $0.01 par value per share	180,000	$0.00	--
Gift	Common Stock, $0.01 par value per share	180,000	$0.00	--

Holdings After Transaction: Common Stock, $0.01 par value per share — 20,000 shares (Direct); Common Stock, $0.01 par value per share — 530,439 shares (Indirect, See Footnote)

Footnotes (1)

1. The Reporting Person gifted 180,000 shares of Issuer common stock to the wife of the Reporting Person, which resulted in a 180,000 share decrease in the Reporting Person's directly owned shares of Issuer common stock. The Reporting Person gifted 180,000 shares of Issuer common stock to the wife of the Reporting Person, which resulted in a 180,000 share increase in the Reporting Person's indirectly owned shares of Issuer common stock. The Reporting Person's indirect beneficial ownership includes 530,439 shares held by the wife 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.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

ZABATTA CHARLES

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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	07/28/2025	07/28/2025	G	V	180,000	D	$0	20,000	D(1)
Common Stock, $0.01 par value per share	07/28/2025	07/28/2025	G	V	180,000	A	$0	530,439	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 180,000 shares of Issuer common stock to the wife of the Reporting Person, which resulted in a 180,000 share decrease in the Reporting Person's directly owned shares of Issuer common stock.

2. The Reporting Person gifted 180,000 shares of Issuer common stock to the wife of the Reporting Person, which resulted in a 180,000 share increase in the Reporting Person's indirectly owned shares of Issuer common stock. The Reporting Person's indirect beneficial ownership includes 530,439 shares held by the wife 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.

	/s/ Charles Zabatta	07/30/2025
	** 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 on 07/28/2025?

Director Charles Zabatta gifted 180,000 SIEB shares to his wife; no cash was exchanged.

How many SIEB shares does Charles Zabatta now hold directly?

After the gift, his direct holdings total 20,000 shares.

What is Zabatta’s indirect ownership in Siebert Financial Corp.?

He reports 530,439 shares indirectly through his wife, while disclaiming beneficial ownership beyond pecuniary interest.

Did the Form 4 include any derivative security transactions?

No. Table II lists no derivative acquisitions or dispositions.

Does the gift transaction affect Siebert’s share count or earnings?

No. It is a transfer between related parties and does not change the company’s outstanding shares or financials.