---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-018485"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2022-04-06T23:59:59+00:00"
generated_at: "2026-06-26T09:14:20.830144+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Siebert Financial exchanges $2.88M debt for 24% stake in RISE Financial; repays additional $1M

## Summary
- Director Gloria Gebbia converted $2.88M in loans into a 24% membership interest in RISE Financial Services, LLC.
- Siebert's remaining ownership in RISE drops to 49.08% after the exchange.
- Siebert also repaid $1M of Gebbia's loans in cash in two installments (Mar 31 and Apr 5, 2022).
- Remaining debt to Gebbia stood at $120,000 as of April 6, 2022.
- Transaction based on independent fairness opinion from Nov 2021 related to prior Tigress Holdings deal.

## SEC filing metadata
- accession: 0001213900-22-018485
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2022-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390022018485/0001213900-22-018485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390022018485/sieb8krfd.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-018485
- JSON: https://secwatch.observer/filing/0001213900-22-018485.json
- Plain text: https://secwatch.observer/filing/0001213900-22-018485.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.