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

Reporting relationship: 10%+ Owner
Issuer ticker: SIEB
Reported as of: 18 May 2023
Net transaction value: $0
SEC form: 3
Accepted by SEC: 26 May 2023, 16:16:05 UTC
Source filing: View source filing
Reporting owner signature: Kakaopay Corporation, By: /s/ Brian N. Wheaton, Attorney-in-Fact

Key filing fact

Kakaopay Corp filed Form 3 for SIEBERT FINANCIAL CORP (SIEB) on 26 May 2023.

Key facts

This page summarizes Kakaopay Corp's Form 3 filing for SIEBERT FINANCIAL CORP (SIEB).
0 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 26 May 2023, 16:16.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SIEB holding

Common Stock, $0.01 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,075,607
Date: 18 May 2023
Ownership: Direct
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote 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.

SEC remarks

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