Carnoy Lisa Landau 4

What Happened

• Lisa Landau Carnoy, a director of Stifel Financial Corp (SF), exercised/converted derivative securities (code M) that resulted in the acquisition of 2,812 shares and an offsetting disposition of 2,812 derivative units. The reported price per share is $0.00 and the reported total value is $0.00.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (filed within the two-business-day window).
• Reported amounts: 2,812 shares acquired @ $0.00 and 2,812 shares disposed @ $0.00.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 — totals adjusted for a 3-for-2 stock split payable Feb 26, 2026; F2 — units were currently exercisable; F3 — the units have no expiration date.
• Transaction type: M (exercise/conversion of derivative security), not an open-market buy or sale.

Context

• For retail investors: this filing documents an exercise/conversion of derivative units into shares rather than a market purchase or open-market sale. The $0.00 price suggests conversion/settlement terms rather than a cash payment; the filing does not provide additional cash or proceeds details. This is a routine insider conversion event and does not, by itself, indicate a buy or sell intent in the open market.