SIEBERT FINANCIAL CORP — Director's Dealing 2023

May 25, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIEBERT FINANCIAL CORP (SIEB)
CIK: 0000065596
Period of Report: 2023-05-22

Reporting Person: Gebbia Gloria E (Member of 10% owner group)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-22	Warrant	$2.15	J	403780	Disposed	2028-05-22	Common stock (403780)	Direct

Footnotes

F1: On May 22, 2023, the Reporting Person issued a warrant to BCW Securities LLC, a Delaware limited liability company ("BCW"), to purchase Four Hundred Three Thousand, Seven Hundred Eighty (403,780) shares of common stock of the Company held by the Reporting Person at an exercise price of $2.15 per share. The Reporting Person issued the warrant pursuant to that certain agreement, dated March 27, 2023, by and among the Reporting Person, the Company and BCW to resolve compensation potentially owed by the Company to BCW arising out of BCW's introduction of Kakaopay Corp. to the Company and the subsequent investment by Kakaopay Corp. in the Company. The Reporting Person is part of a control group consisting of family members 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.