Gebbia family (NASDAQ: SIEB) updates 42% stake and warrant disclosure

Rhea-AI Filing Summary

Siebert Financial Corp. received an updated ownership report from the Gebbia family group, which continues to hold a large controlling stake in the company’s common stock. The amendment explains that members of the control group made gifts of shares to certain family members and others, and those gifted shares were later transferred into a limited liability company owned by various family members.

The update also adds 403,780 shares of common stock underlying a warrant issued by Gloria E. Gebbia to BCW Securities LLC on May 22, 2023, which had previously been left out of the group’s beneficial ownership. Based on 40,720,936 shares outstanding as of January 22, 2026, the group reports beneficial ownership of about 42% of Siebert’s common stock, including 9,833,494 shares (about 24%) held by the Gebbia Living Trust, 3,078,127 shares (about 8%) held directly by Richard Gebbia, 1,921,891 shares (about 5%) held directly by John M. Gebbia, and 1,415,318 shares (about 4%) held directly by David Gebbia, plus additional indirect holdings. Each reporting person disclaims beneficial ownership beyond his or its economic interest.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 30)

Siebert Financial Corp.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

826176109

(CUSIP Number)

Gloria E. Gebbia Director
Siebert Financial Corp., 653 Collins Avenue
Miami Beach, FL, 33139
(212) 644-2400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/20/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

Gloria E. Gebbia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

John M. Gebbia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,921,891.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 1,921,891.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

Richard Gebbia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,078,127.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 3,078,127.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

David Gebbia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,415,318.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 1,415,318.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

John J & Gloria E Gebbia TTEESS UAD 12/8/94 ("Gebbia Living Trust")

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,833,494.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 9,833,494.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

CUSIP No. 826176109

1

Name of reporting person

John J. Gebbia

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 17,074,103.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 17,074,103.00

11

Aggregate amount beneficially owned by each reporting person

17,074,103.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

* Percentage of class calculated based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Siebert Financial Corp.
(c)	Address of Issuer's Principal Executive Offices: 653 Collins Avenue, Miami Beach, FLORIDA , 33139.
Item 1 Comment: This Amendment 30 to Schedule 13D (this "Amendment") amends Amendment 29 to Schedule 13D filed on November 24, 2025. Amendment 29 to Schedule 13D (this "Amendment") amends Amendment 28 to Schedule 13D filed on June 12, 2025. Amendment 28 to Schedule 13D amends Amendment 27 to Schedule 13D filed on May 29, 2025. Amendment 27 to Schedule 13D amended Amendment 26 to Schedule 13D filed on March 22, 2025. Amendment 26 to Schedule 13D amended Amendment 25 to Schedule 13D filed on March 5, 2025. Amendment 25 to Schedule 13D amended Amendment 24 to Schedule 13D filed on January 23, 2024. Amendment 24 to Schedule 13D amended Amendment 23 to Schedule 13D filed on December 18, 2023. Amendment 23 to Schedule 13D amended Amendment 22 to Schedule 13D filed on June 22, 2023. Amendment 22 to Schedule 13D amended Amendment 21 to Schedule 13D filed on May 22, 2023. Amendment 21 to Schedule 13D amended Amendment 20 to Schedule 13D filed on April 13, 2023. Amendment 20 to Schedule 13D amended Amendment 19 to Schedule 13D filed on December 21, 2022. Amendment 19 to Schedule 13D amended Amendment 18 to Schedule 13D filed on January 13, 2022. Amendment 18 to Schedule 13D amended Amendment 17 to Schedule 13D filed on April 8, 2021. Amendment 17 to Schedule 13D amended Amendment 16 to Schedule 13D filed on March 19, 2021. Amendment 16 to Schedule 13D amended Amendment 15 to Schedule 13D filed on June 24, 2020. Amendment 15 to Schedule 13D amended Amendment 14 to Schedule 13D filed on April 20, 2020. Amendment 14 to Schedule 13D amended Amendment 13 to Schedule 13D filed on February 7, 2020. Amendment 13 to Schedule 13D amended Amendment 12 to Schedule 13D filed on January 17, 2020. Amendment 12 to Schedule 13D amended Amendment 11 to Schedule 13D filed on January 10, 2020. Amendment 11 to Schedule 13D amended Amendment 10 to Schedule 13D filed on December 18, 2019. Amendment 10 amended Amendment 9 to Schedule 13D filed on September 30, 2019. Amendment 9 amended Amendment 8 to Schedule 13D filed on May 9, 2019. Amendment 8 amended Amendment 7 to Schedule 13D filed on April 4, 2019. Amendment 7 amended Amendment 6 to Schedule 13D filed on January 2, 2019. Amendment 6 amended Amendment 5 to Schedule 13D filed on September 11, 2018 ("Amendment 5"). Amendment 5 amended the amended and restated Schedule 13D filed on April 25, 2018 as Amendment 4 (the "Amended and Restated Schedule 13D"), by Kennedy Cabot Acquisition, LLC, a Nevada limited liability company ("KCA"), Gloria E. Gebbia, the Managing Member of KCA, Richard Gebbia, and John M. Gebbia. The Amended and Restated Schedule 13D was filed to amend and restate the Schedule 13D filed on December 21, 2016 (the "Original Schedule 13D"), as amended and supplemented by Amendment 1 filed on January 11, 2018, Amendment 2 filed on January 26, 2018, and Amendment 3 filed on February 26, 2018. This Amendment is being filed by the Reporting Persons relating to the common stock, par value $0.01 per share (the "Common Stock"), of Siebert Financial Corp., a New York corporation (the "Issuer"), whose principal executive officers are located at 653 Collins Avenue, Miami Beach, FL 33139. The Reporting Persons are filing this Amendment to report the gifts from members of the control group to certain family members and others and subsequent transfers of these gifts to a limited liability company owned by various family members, as well as to report an adjustment to Reporting Persons' beneficial ownership of 403,780 shares of Common Stock. These shares represent shares of Issuer Common stock underlying a warrant issued by Gloria Gebbia to BCW Securities LLC, a Delaware limited liability company on May 22, 2023, which were previously omitted from the Reporting Persons' beneficial ownership. This Amendment does not restate disclosures in the Amended and Restated Schedule 13D that are not being amended, and should be read in conjunction with the Amended and Restated Schedule 13D. Except as set forth herein, the Amended and Restated Schedule 13D is unmodified. All capitalized terms used herein which are not defined herein have the meanings given to such terms in the Amended and Restated Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of Amendment 30 is hereby amended and restated as follows: As of the date hereof: i. Gloria E. Gebbia does not directly own any shares of Issuer Common Stock, however she may be deemed to have indirect beneficial ownership of a total of 9,833,494 owned by the Gebbia Living Trust. ii. John M. Gebbia is the direct beneficial owner of 1,921,891 shares of Issuer Common Stock, representing approximately 5% of the outstanding Common Stock of the Issuer, and he may be deemed to share indirect beneficial ownership of a total of 490,000 additional shares, owned by certain family members and a company owned by various family members. iii. Richard Gebbia is the direct beneficial owner of 3,078,127 shares of Issuer Common Stock, representing approximately 8% of the outstanding Common Stock of the Issuer, and he may be deemed to share indirect beneficial ownership of a total of 561,273 additional shares, owned by certain family members and a company owned by various family members. iv. David Gebbia is the direct beneficial owner of 1,415,318 shares of Issuer Common Stock, representing approximately 4% of outstanding Common Stock of the Issuer, and he may be deemed to share indirect beneficial ownership of a total of 374,000 additional shares, owned by certain family members and a company owned by various family members. v. The Gebbia Living Trust beneficially owns 9,833,494 shares of Issuer Common Stock, representing approximately 24% of outstanding Common Stock of the Issuer. The Gebbia Living Trust is jointly owned by John J. Gebbia and Gloria E. Gebbia. vi. John J. Gebbia does not directly own any shares of Issuer Common Stock, however he may be deemed to have indirect beneficial ownership of a total of 9,833,494 owned by the Gebbia Living Trust. Each of Gloria E. Gebbia, John M. Gebbia, Richard Gebbia, David Gebbia, John J. Gebbia and the Gebbia Living Trust as a member of the "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed to own beneficially of the shares of Common Stock directly or beneficially owned by the other Reporting Persons, which is, in the aggregate, 17,217,103 shares. Each of the Reporting Persons disclaims the beneficial ownership of such shares of Common Stock except to the extent of his or its pecuniary interest therein. The percentage calculations in Item 5(a) are based on 40,720,936 shares outstanding of Common Stock as of January 22, 2026.
(b)	The information contained in rows 7, 8, 9 and 10 on each of the cover pages of this Amendment is incorporated by reference in its entirety into this Item 5(b).
(c)	Except as otherwise described in this Amendment, the Reporting Persons have not effected any transactions in the Common Stock or other equity security of the Issuer during the last 60 days
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Except for the Amended and Restated Joint Filing and Group Agreement, which is incorporated into this Item 6 by reference, and as otherwise set forth in this Schedule 13D, to the best knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) between the persons named in Item 2 and any person with respect to any securities of the Issuer, including but not limited to: transfer or voting of any of the securities of the Issuer or of its subsidiaries, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies or a pledge or contingency the occurrence of which would give another person voting power over the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1: Amended and Restated Joint Filing and Group Agreement, Amended on January 10, 2022

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gloria E. Gebbia

Signature:	/s/ Gloria E. Gebbia
Name/Title:	Gloria E. Gebbia/Co-Trustee
Date:	01/22/2026

John M. Gebbia

Signature:	/s/ John M. Gebbia
Name/Title:	John M. Gebbia
Date:	01/22/2026

Richard Gebbia

Signature:	/s/ Richard Gebbia
Name/Title:	Richard Gebbia
Date:	01/22/2026

David Gebbia

Signature:	/s/ David Gebbia
Name/Title:	David Gebbia
Date:	01/22/2026

John J & Gloria E Gebbia TTEESS UAD 12/8/94 ("Gebbia Living Trust")

Signature:	/s/ John J & Gloria E Gebbia TTEESS UAD 12/8/94 ("Gebbia Living Trust")
Name/Title:	Gloria E. Gebbia/Co-Trustee
Date:	01/22/2026

John J. Gebbia

Signature:	/s/ John J. Gebbia
Name/Title:	John J. Gebbia/Co-Trustee
Date:	01/22/2026

FAQ

What does Siebert Financial (SIEB) Amendment No. 30 to Schedule 13D report?

Amendment No. 30 updates the Gebbia family group’s beneficial ownership in Siebert Financial Corp. common stock. It describes share gifts from control group members to certain family members and others, subsequent transfers of those gifted shares into a family-owned limited liability company, and an adjustment to include 403,780 shares underlying a previously omitted warrant.

How much of Siebert Financial’s common stock does the Gebbia group report owning?

Using 40,720,936 shares of common stock outstanding as of January 22, 2026, the reporting persons state that, as a Section 13(d) "group," they may be deemed to beneficially own approximately 42% of Siebert Financial’s common stock. Each reporting person disclaims beneficial ownership of shares held by others except to the extent of his or its pecuniary interest.

What are the direct ownership stakes of key Gebbia family members in Siebert (SIEB)?

John M. Gebbia directly owns 1,921,891 shares of Siebert common stock, about 5% of the outstanding shares. Richard Gebbia directly owns 3,078,127 shares, about 8%. David Gebbia directly owns 1,415,318 shares, about 4%. Each may also be deemed to share indirect beneficial ownership of additional shares held by certain family members and a family-owned company.

What is the role of the Gebbia Living Trust in Siebert Financial’s ownership structure?

The John J & Gloria E Gebbia TTEESS UAD 12/8/94 ("Gebbia Living Trust"), jointly owned by John J. and Gloria E. Gebbia, beneficially owns 9,833,494 shares of Siebert common stock, representing about 24% of the outstanding shares as of January 22, 2026. Gloria E. Gebbia and John J. Gebbia may each be deemed to have indirect beneficial ownership of these shares through the trust.

What correction does the Siebert (SIEB) Schedule 13D amendment make regarding warrants?

The amendment reports an adjustment to the reporting persons’ beneficial ownership of 403,780 shares of Siebert common stock underlying a warrant issued by Gloria E. Gebbia to BCW Securities LLC on May 22, 2023. These warrant shares had previously been omitted from the group’s beneficial ownership calculations and are now included.

Have the Gebbia reporting persons recently traded Siebert Financial stock?

Item 5(c) states that, except as described in the amendment (including gifts and related transfers), the reporting persons have not effected any transactions in Siebert Financial common stock or other equity securities during the last 60 days covered by the disclosure.

Are there any special contracts or voting arrangements tied to the Gebbia group’s Siebert (SIEB) shares?

Item 6 notes that, other than the Amended and Restated Joint Filing and Group Agreement (incorporated by reference) and the arrangements described in the amendment, the reporting persons state they are not aware of any other contracts, arrangements, understandings or relationships concerning Siebert securities, such as special voting, transfer, profit-sharing, or proxy arrangements.