# EDGAR Filing Document

**Accession Number:** 0000216309
**File Stem:** 0001213900-23-010285
**Filing Date:** 2023-2
**Character Count:** 7143
**Document Hash:** a3aed8e8002d9581a7383cbf4d1410a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-010285.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001213900-23-010285

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230208

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** KELLEHER THOMAS J /ADV
- **CENTRAL INDEX KEY:** 0000216309
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37503
- **FILM NUMBER:** 23611777

**BUSINESS ADDRESS:**
- **STREET 1:** 103 PARK TERRACE
- **CITY:** WESTMONT
- **STATE:** NJ
- **ZIP:** 08108
- **BUSINESS PHONE:** 6098580453

**MAIL ADDRESS:**
- **STREET 1:** C/O B. RILEY FINANCIAL, INC.
- **STREET 2:** 21255 BURBANK BLVD, SUITE 400
- **CITY:** WOODLAND HILLS
- **STATE:** CA
- **ZIP:** 91367

**FORMER NAME:**
- **FORMER CONFORMED NAME:** KELLEHER THOMAS J                                       /ADV
- **DATE OF NAME CHANGE:** 20000101
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** B. Riley Financial, Inc.
- **CENTRAL INDEX KEY:** 0001464790
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **IRS NUMBER:** 270223495
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD
- **STREET 2:** SUITE 800
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** 818-884-3737

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD
- **STREET 2:** SUITE 800
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Great American Group, Inc.
- **DATE OF NAME CHANGE:** 20090522

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>KELLEHER THOMAS J /ADV<br><sub>(Last) (First) (Middle)</sub><br>C/O B. RILEY FINANCIAL, INC<br>11100 SANTA MONICA BLVD., SUITE 800<br><sub>(Street)</sub><br>LOS ANGELES, CA 90025<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-08 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Co-CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>B. Riley Financial, Inc. [ RILY ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-08 |  | M |  | 150000<sup>(1)</sup> | A | <sup>(1)</sup> | 470205 | D |  |
| Common Stock |  |  |  |  |  |  |  | 29300 | I | See note<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 459848 | I | See note<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 5600 | I | By wife<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1293 | I | By daughter<sup>(5)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1293 | I | By daughter<sup>(6)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1293 | I | By daughter<sup>(7)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Performance Restricted Stock Units | <sup>(1)</sup> | 2023-02-08 |  | M |  |  | 150000 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 150000 | $0 | 0 | D |  |

---

### Footnotes:

(1) Each performance restricted stock unit represented the right to receive a share of Common Stock following the Issuer achieving a certain Total Shareholder Return within three (3) years of the grant date.

(2) Held by self-directed IRA: Thomas John Kelleher IRA.

(3) Held of record by Thomas J. Kelleher and wife as Trustees for the Kelleher Family Trust.

(4) Held with dispositive power for a daughter.

(5) Held with dispositive power for a daughter.

(6) Held with dispositive power for a daughter.

(7) Held with dispositive power for a daughter.

**Signature:** /s/ Thomas J. Kelleher  
**Date:** 2023-02-10

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**