Markus Maura A. 4

What Happened Markus Maura, a director of Stifel Financial Corp (SF), reported exercising/converting a derivative instrument for 2,812 shares on 2026-06-04 (Form 4 filed 2026-06-08). The exercise/conversion is reported at $0.00 per share (total reported value $0.00). The filing also shows a same-day disposition of the same 2,812 shares, also at $0.00. The transaction was adjusted to reflect a 3-for-2 stock split (see footnote).

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (appears timely under Form 4 rules).
• Reported amounts: 2,812 shares acquired via exercise/conversion @ $0.00; 2,812 shares disposed (derivative) @ $0.00.
• Reported value: $0.00 for both acquisition and disposition on the form.
• Footnotes: total adjusted for 3-for-2 stock split (F1); units are currently exercisable (F2); no expiration date for these Units (F3).
• Shares owned after the transaction: not specified in the provided summary of the filing.

Context This filing records a derivative exercise/conversion (transaction code M) and an immediate same-day disposition of the resulting shares. For retail investors, exercises/conversions do not necessarily indicate a buy or sell intent in the market—this can reflect vesting, conversion of units, or internal transfers—so interpret accordingly. The $0.00 price and same-day disposition suggest no cash purchase price was reported on the Form 4; additional details may appear in the full filing or company disclosures.