SUMITOMO MITSUI FINANCIAL GROUP, INC. 4

What Happened

• Sumitomo Mitsui Financial Group, Inc. (reported as a director for Section 16 purposes) — through its direct, wholly‑owned subsidiary Sumitomo Mitsui Banking Corporation — acquired 5,906,542 shares of Jefferies Financial Group (JEF) on July 15, 2026. The reported purchase price was $53.96 per share, for an aggregate reported value of approximately $318,717,006. This was a purchase (code P), which is generally viewed as a more informative (bullish) signal than routine sales.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-17 (filed within the typical 2-business-day window).
• Type/code: Open-market or private purchase (P).
• Shares and price: 5,906,542 shares at $53.96 per share; total ≈ $318,717,006.
• Shares owned after transaction: not specified in the filing; the securities are reported as held directly by Sumitomo Mitsui Banking Corporation (F2).
• Notable footnotes:
  • F1: Price paid is subject to adjustment after an ~two‑month reference period under an agreement between SMFG affiliate and a third party.
  • F2: Securities are held directly by Sumitomo Mitsui Banking Corporation (a direct, wholly‑owned subsidiary).
  • F3: Reporting person (SMFG) disclaims beneficial ownership except to the extent of its pecuniary interest.
• Remark: SMFG may be deemed a director by deputization because Mr. Hyakutome, Deputy President of SMFG, currently serves on Jefferies’ board.

Context

• This filing reflects an institutional purchase by a large financial group rather than an individual executive’s trade. Institutional buys can signal confidence but do not by themselves prove management view or future performance. Note the F1 adjustment clause: the final economic terms could change after the referenced adjustment period.