FAIRHOLME FUNDS INC 4

4 · ST JOE Co · Filed Jun 23, 2026

AI-generated summary of this filing

Updated Jun 23, 2026

ST JOE (JOE) 10% Owner Bruce Berkowitz Sells 140,400 Shares

What Happened

Bruce R. Berkowitz, reported as a 10% owner, sold 140,400 shares of ST JOE Co (JOE) on June 18, 2026. The shares were disposed at $65.71 each for total proceeds of $9,225,684. This was a sale (not a purchase), which for insiders is often routine portfolio or fund activity rather than a direct signal about company fundamentals.

Key Details

Transaction date and price: 2026-06-18, sale at $65.71 per share.
Quantity and proceeds: 140,400 shares sold for $9,225,684 total.
Filing date: Form 4 filed 2026-06-23 (5 days after the trade); Form 4s are generally due within 2 business days, so this filing appears later than typical.
Shares owned after transaction: Not disclosed in the information provided.
Footnotes:
- F1: The Fairholme Fund (managed by Fairholme Capital Management) holds securities that may be deemed beneficially owned by Mr. Berkowitz due to his control of Fairholme’s sole member; Mr. Berkowitz and Fairholme disclaim beneficial ownership except for any pecuniary interest.
- F2: The reported securities are directly owned by Mr. Berkowitz (per the filing).

Context

This report concerns a 10% owner and includes fund-related holdings; such sales can reflect institutional/fund-level rebalancing rather than executive sentiment. No options, awards, or gifts were involved in this reported transaction.

Form 4

Period: 2026-06-18

10% Owner

Transactions

Holdings

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.

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