Siebert Financial Corp. filed a current report on November 4, 2026, disclosing that its Board of Directors appointed Richard S. Gebbia and David J. Gebbia as Co-Chief Executive Officers effective November 4, 2026, with John J. Gebbia stepping down from the CEO role to remain Chairman of the Board.

Key Highlights

  • Co-CEO appointments effective November 4, 2026: The Board appointed Richard S. Gebbia and David J. Gebbia as Co-Chief Executive Officers of Siebert Financial Corp.
  • John J. Gebbia transitions to Chairman: The outgoing CEO will step away from the CEO position on November 4, 2026, and continue serving as Chairman of the Board.
  • Family relationship disclosed: Richard S. Gebbia and David J. Gebbia are the sons of John J. Gebbia, according to the filing.
  • Richard S. Gebbia, age 59: The filing states he has more than 30 years of experience in the securities and brokerage industry, including serving as CEO of StockCross Financial Services, Inc. from 2007 to 2020.
  • David J. Gebbia, age 59: The filing states he has more than 30 years of industry experience and currently serves as President of the company's insurance subsidiary, Park Wilshire Companies, Inc., and its entertainment and sports subsidiary, Gebbia Holdings, LLC.
  • No outside arrangements: The filing states there are no arrangements or understandings between either new Co-CEO and any other person pursuant to which either was selected as an executive officer.

Siebert Financial's Leadership Transition: Board Action and Executive Backgrounds

On November 3, 2026, the Board of Directors of Siebert Financial Corp. (NASDAQ:SIEB) voted to appoint Richard S. Gebbia and David J. Gebbia as Co-Chief Executive Officers of the company, with the appointments taking effect November 4, 2026, according to the filing. The company disclosed the action under Item 5.02, covering the departure, election, or appointment of directors and certain officers.

As described in the filing, Richard S. Gebbia, age 59, entered the securities and brokerage industry in 1993 and held multiple leadership and executive positions over more than 30 years. He served as Chief Executive Officer and board member of StockCross Financial Services, Inc. from 2007 to 2020, until StockCross was merged with and into Muriel Siebert and Co., LLC, a wholly owned subsidiary of the company. David J. Gebbia, also age 59, likewise entered the industry in 1993 and has held a variety of leadership and management positions over more than 30 years. He currently serves as President of the company's insurance subsidiary, Park Wilshire Companies, Inc., and its entertainment and sports subsidiary, Gebbia Holdings, LLC, the filing states.

The filing discloses that Richard S. Gebbia and David J. Gebbia are the sons of John J. Gebbia, the outgoing CEO and Chairman of the Board. John J. Gebbia will continue as CEO through November 3, 2026, step away from that role effective November 4, 2026, and remain as Chairman of the Board. The filing was signed by Andrew H. Reich, identified as Executive Vice President, Chief Operating Officer, Chief Financial Officer, Secretary and Director.

What Was Disclosed

Siebert Financial Corp. disclosed the Board-approved appointment of Richard S. Gebbia and David J. Gebbia as Co-Chief Executive Officers effective November 4, 2026, the concurrent transition of John J. Gebbia to Board Chairman, and background information on each incoming executive.