SIEBERT FINANCIAL CORP — Director's Dealing 2020

Jan 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIEBERT FINANCIAL CORP (SIEB)
CIK: 0000065596
Period of Report: 2020-01-01

Reporting Person: Gebbia Gloria E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common Stock, $0.01 par value per share	J	269865	$9.02	Acquired	7928365	Direct
2020-01-01	Common Stock, $0.01 par value per share	J	2276907	$9.02	Acquired	8178101	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	3527283	Indirect

Footnotes

F1: Pursuant to the terms of an Agreement and Plan of Merger, effective as of January 1, 2020, by and between Siebert Financial Corp. (the "Issuer), StockCross Financial Services, Inc. ("StockCross") and the shareholders of StockCross (the "Merger Agreement"), the Issuer issued the Reporting Person a total of 269,865 shares of Issuer restricted common stock, valued at $9.02 per share, in exchange for all of the shares of common stock of StockCross owned by the Reporting Person.

F2: Pursuant to the Merger Agreement, the Issuer issued 2,276,907 shares of Issuer restricted common stock, to various family members of the Reporting Person, valued at $9.02 per share, in exchange for all of the shares of StockCross common stock owned by such family members. The Reporting Person may be deemed to be the indirect beneficial owner of a total of 8,178,101 shares of Issuer common stock owned by family trusts and certain family members. 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.

F3: The Reporting Person is the Managing Member of KCA and may be deemed to be the indirect beneficial owner of 3,527,283 shares of Issuer common stock directly owned by KCA. The Reporting Person disclaims beneficial ownership of the shares of Issuer common stock owned by KCA, except to the extent of the Reporting Person's pecuniary interest therein.