Berlew Adam T. 4

What Happened

• Adam T. Berlew, a director of Stifel Financial Corp (SF), reported the exercise/conversion of 2,812 derivative units into common shares (transaction code M) and a related disposition of the derivative instrument (code J) on June 4, 2026.
• Both the acquisition and disposition are recorded at $0.00 per share, meaning no cash was paid or received in the reported transactions. The Form 4 was filed on June 8, 2026.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely).
• Transaction codes: M = exercise/conversion of derivative; J = other acquisition/disposition of derivative.
• Shares involved: 2,812 shares (per transaction). Price: $0.00.
• Shares owned after the transaction: not specified in this filing.
• Footnotes of note:
  • F1: totals adjusted for a 3-for-2 stock split payable Feb 26, 2026.
  • F2: units were "currently exercisable."
  • F3: no expiration date for these units.
• Filing timeliness: The Form 4 was filed within the required reporting window (not late).

Context

• This was a derivative conversion/exercise into shares, recorded at zero cash price—common for conversions of vested units or certain awards—rather than an open-market purchase or sale for cash. The filing does not show an immediate sale of the acquired shares for cash (no proceeds reported), and it does not imply any particular market view.