Kakaopay Corp - May 18, 2023 Form 3 Insider Report for SIEBERT FINANCIAL CORP (SIEB)

Role
10%+ Owner
Signature
Kakaopay Corporation, By: /s/ Brian N. Wheaton, Attorney-in-Fact
Stock symbol
SIEB
Transactions as of
May 18, 2023
Transactions value $
$0
Form type
3
Date filed
5/26/2023, 04:16 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SIEB Common Stock, $0.01 par value per share 8.08M May 18, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares of Common Stock, $0.01 par value per share, of the Issuer ("Common Stock"), were issued and sold to Kakaopay Corporation ("Kakaopay") at a purchase price of $2.15 per share. Kakaopay is a subsidiary of Kakao Corporation ("Kakao"). By virtue of this relationship, Kakao may be deemed to beneficially own the shares of Common Stock held by Kakaopay. Each of Kakaopay and Kakao disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein.

Remarks:

See Exhibit 24.1 - Power of Attorney (Kakaopay Corporation); See Exhibit 24.2 - Power of Attorney (Kakao Corporation)