FAIRHOLME FUNDS INC 4
4 · ST JOE Co · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
ST JOE (JOE) 10% Owner Bruce Berkowitz Sells Shares
What Happened
- Bruce R. Berkowitz, reported as a 10% owner of ST JOE Co (JOE), sold a total of 59,700 shares in two open-market dispositions. On 2026-06-09 he sold 30,500 shares at $65.10 each (≈ $1,985,550) and on 2026-06-10 he sold 29,200 shares at $65.13 each (≈ $1,901,796), for combined proceeds of roughly $3,887,346. These transactions are coded as sales (S).
Key Details
- Dates and prices: 2026-06-09 — 30,500 shares @ $65.10; 2026-06-10 — 29,200 shares @ $65.13.
- Total shares sold: 59,700; approximate total proceeds: $3.89 million.
- Shares owned after the transactions: not specified in the information provided from the filing.
- Footnotes: The filing includes notes that some reported securities were held by The Fairholme Fund (managed by Fairholme Capital Management) and some securities are directly owned by Mr. Berkowitz. The filing disclaims beneficial ownership except to the extent of any pecuniary interest.
- Timeliness: Transaction period is 2026-06-09 and the Form 4 was filed on 2026-06-11, which appears to be within the usual two-business-day reporting window for Section 16 insiders.
Context
- These were outright sales (dispositions), which are common and do not by themselves indicate the insider’s view of the company’s prospects. As a 10% owner connected to an investment manager and a fund, some trades may reflect institutional portfolio management rather than personal trading decisions.
Insider Transaction Report
Form 4
ST JOE CoJOE
BERKOWITZ BRUCE R
10% Owner
Transactions
- Sale
Common Stock
[F1]2026-06-09$65.10/sh−30,500$1,985,550→ 15,427,924 total - Sale
Common Stock
[F1]2026-06-10$65.13/sh−29,200$1,901,796→ 15,398,724 total
Holdings
- 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.