---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-057089"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:30:04.215327+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Siebert to repurchase 1M shares from Cynthia DiBartolo in exchange for its 17% Tigress stake

## Summary
- Siebert will repurchase 1,000,000 shares of its common stock from Cynthia DiBartolo.
- In exchange, Siebert will convey its 17% membership interest in Tigress Holdings LLC.
- The board approved replacing prior plan to sell Tigress interest to director Gloria Gebbia.
- The transaction will result in a one-time non-cash loss of approximately $185,000 for Q2 2023.

## SEC filing metadata
- accession: 0001213900-23-057089
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390023057089/0001213900-23-057089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390023057089/ea181791-8k_siebert.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-057089
- JSON: https://secwatch.observer/filing/0001213900-23-057089.json
- Plain text: https://secwatch.observer/filing/0001213900-23-057089.txt

## Key facts
- Material Agreements
  SIEBERT FINANCIAL CORP entered into Share Redemption Agreement with Cynthia DiBartolo, Tigress Holdings LLC (effective 2023-07-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Cynthia DiBartolo, Tigress Holdings LLC
  - Effective: 2023-07-10
  source text: On July 10, 2023, Siebert Financial Corp. (the “Company”) entered into a Share Redemption Agreement (the “Share Redemption Agreement”) with Cynthia DiBartolo, Tigress Holdings LLC, a Delaware limited liability company (“Tigress”), pursuant to which the Company will repurchase from Ms. DiBartolo one million (1,000,000) of its common stock held by Cynthia DiBartolo in exchange for conveying to Ms. DiBartolo the Company’s 17% interest in Tigress (the “Remaining Tigress Interest”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/65596/000121390023057089/0001213900-23-057089-index.htm

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