Siebert Financial Director Gloria Gebbia Amends 13D Filing

TL;DR

**Director Gloria Gebbia updated her Siebert Financial ownership, signaling a change in her stake.**

AI Summary

Gloria E. Gebbia, a director at Siebert Financial Corp. (NASDAQ: SIEB), filed an Amendment No. 24 to Schedule 13D on January 23, 2024, indicating a change in her beneficial ownership of the company's common stock. This filing updates previous disclosures regarding her significant stake in the company, which she holds individually and as part of a group including David Gebbia, John M. Gebbia, and Kimberly Gebbia. This matters to investors because significant changes in ownership by a director can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

Changes in beneficial ownership by a director like Gloria E. Gebbia can signal insider sentiment, potentially influencing investor perception and the stock's valuation.

Risk Assessment

Risk Level: low — This filing is an update to existing ownership disclosures and does not inherently introduce new significant risks to the company or its investors.

Analyst Insight

Investors should monitor subsequent amendments to this Schedule 13D to understand the full scope of changes in Gloria E. Gebbia's beneficial ownership and consider if these changes align with their investment thesis for Siebert Financial Corp.

Key Players & Entities

• Gloria E. Gebbia (person) — Director of Siebert Financial Corp. and a reporting person in this filing
• Siebert Financial Corp. (company) — The issuer of the common stock being reported on
• David Gebbia (person) — A group member associated with the reporting persons
• John M. Gebbia (person) — A group member associated with the reporting persons
• Kimberly Gebbia (person) — A group member associated with the reporting persons
• $0.01 (dollar_amount) — Par value per share of Siebert Financial Corp. Common Stock

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• ea192052-13da24gebbia_sieb.htm (SC 13D/A) — 132KB
• 0001213900-24-005710.txt ( ) — 133KB

Security and Issuer

Item 1. Security and Issuer. This Amendment 24 to Schedule 13D (this “Amendment”) amends 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

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of Amendment 24 is hereby amended and restated as

Item 5 of Amendment 24 is hereby amended and restated as follows: (a) As of the date hereof: i. Gloria E. Gebbia is the direct beneficial owner of 10,076,714 shares of Common Stock, representing approximately 26% of outstanding Common Stock of the Issuer. ii. John M. Gebbia is the direct beneficial owner of 1,907,891 shares of Issuer Common Stock, representing approximately 5% of outstanding Common Stock of the Issuer, and he may be deemed to share indirect beneficial ownership of a total of 190,000 additional shares, owned by certain family members. iii. Richard Gebbia is the direct beneficial owner of 463,535 shares of Issuer Common Stock, representing approximately 1% of outstanding Common Stock of the Issuer, and he may be deemed to share indirect beneficial ownership of a total of 261,273 additional shares owned by certain family members and 2,589,592 shares owned by Kimberly Gebbia. iv. David Gebbia is the direct beneficial owner of 1,397,318 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 74,000 additional shares owned by certain family members. v. Kimberly Gebbia is the direct beneficial owner of 2,589,592 shares of Issuer Common Stock, representing approximately 7% of outstanding Common Stock of the Issuer, and she may be deemed to share indirect beneficial ownership of a total of 261,273 additional shares owned by certain family members and 463,535 shares owned by Richard Gebbia. Each of Gloria E. Gebbia, John M. Gebbia, Richard Gebbia, David Gebbia, and Kimberly Gebbia 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, 16,960,323 shares. Each of the Repor

Contracts, Arrangements, Understandings or Relationships

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.

Material to Be Filed

Item 7. Material to Be Filed as Exhibits. Exhibit 99.1: Amended and Restated Joint Filing and Group Agreement, Amended on January 10, 2022 8 CUSIP No. 826176109 13D/A 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. Dated: January 23, 2024 Kennedy Cabot Acquisition, LLC By: /s/ Gloria E. Gebbia Gloria E. Gebbia Managing Member /s/ Gloria E. Gebbia Gloria E. Gebbia /s/ John M. Gebbia John M. Gebbia /s/ Richard Gebbia Richard Gebbia /s/ David Gebbia David Gebbia /s/ Kimberly Gebbia Kimberly Gebbia 9

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View this SC 13D/A filing on SEC EDGAR