SLINEY DAVID D 4

What Happened

• David D. Sliney, Chief Operating Officer of Stifel Financial Corp (SF), exercised options/conversion rights to acquire 2,258 shares on 2026-01-30. To satisfy tax obligations, 995 of those shares were surrendered/withheld at $126.24 each for a cash value of $125,609. After withholding, Sliney received a net of 1,263 shares.
• This is an exercise of derivatives (code M) with a tax-withholding surrender (code F), a routine insider transaction to cover tax liabilities rather than an open-market sell.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-03.
• Exercise: 2,258 shares (derivative exercise, reported at $0.00 per share).
• Tax withholding/disposition: 995 shares at $126.24 each = $125,609 (code F).
• Net shares received: 1,263 (2,258 acquired − 995 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — options/units were currently exercisable; F2 — no expiration date for these Units.
• Filing timeliness: Form filed Feb 3, 2026 for a Jan 30, 2026 transaction (filing date shown on report).

Context

• This appears to be a typical option exercise with a portion of shares surrendered to cover withholding taxes (a common, routine corporate action), not an open-market sale signaling a directional bet.
• The derivative entries indicate conversion/exercise of rights into shares; the F-code disposal reflects tax withholding (not a market sale for cash).