FAIRHOLME FUNDS INC 4
4 · ST JOE Co · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
ST JOE (JOE) 10% Owner Bruce R. Berkowitz Sells Shares
What Happened Bruce R. Berkowitz, reported as a 10% owner of ST JOE Co (ticker: JOE), sold 1,400 shares in an open‑market sale on March 4, 2026 at $73.50 per share, generating proceeds of $102,900. This was a sale (not a purchase), which is often routine and does not by itself signal a change in company outlook.
Key Details
- Transaction date and price: 2026-03-04 — 1,400 shares sold at $73.50 per share.
- Total proceeds: $102,900.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes of note: The filing indicates securities may be held by The Fairholme Fund (managed by Fairholme Capital Management, which Mr. Berkowitz controls) and also notes some reported securities are directly owned by Mr. Berkowitz; the filing disclaims beneficial ownership except for any pecuniary interest.
- Filing timeliness: Reported on 2026-03-06 for a 2026-03-04 transaction — filed within the standard Form 4 reporting window (not marked late).
Context As a reported 10% owner, Berkowitz’s trades may reflect institutional or manager-level decisions tied to Fairholme-related holdings as well as any personal holdings; the filing’s footnotes clarify potential overlap and include a disclaimer of beneficial ownership except to the extent of any pecuniary interest. Sales are generally less informative than purchases for signaling insider confidence, and this single, relatively small sale should be viewed as a factual disclosure rather than a definitive indicator of sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-04$73.50/sh−1,400$102,900→ 16,094,724 total
- 606,866
Common Stock
[F2]
Footnotes (2)
- [F1]The reported transactions were in securities held by The Fairholme Fund, a series of Fairholme Funds, Inc. (the "Fairholme Fund"). The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz ("Mr. Berkowitz") because he controls the sole member of Fairholme Capital Management, LLC ("Fairholme"), which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to the Fairholme Fund. Mr. Berkowitz and Fairholme disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that Mr. Berkowitz and Fairholme are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
- [F2]The reported securities are directly owned by Mr. Berkowitz.