FRIEDMAN BRIAN P 4

What Happened
Brian P. Friedman, President and Director of Jefferies Financial Group (JEF), reported a gift (code G) of 472,804 common shares on February 2, 2026. The Form 4 shows a grant price of $0.00 and $0 in proceeds—this was a transfer by gift rather than a market sale.

Key Details

• Transaction date: 2026-02-02; Transaction type: Gift (G).
• Shares transferred: 472,804; reported price per share: $0.00; proceeds: $0.
• Filing date / Accession: Form filed 2026-02-04 (Accession 0001214659-26-001204).
• Shares owned after the transaction: not specified in the summarized data provided.
• Footnote F1: Shares gifted to a family trust of which Friedman is neither trustee nor beneficiary.
• Footnote F2: Friedman disclaims beneficial ownership of the portion of shares held by a limited partnership beyond his proportionate pecuniary interest.
• Timeliness: Filed two days after the transaction (generally within the Form 4 reporting window).

Context
A gift is a non‑market transfer and does not directly indicate the insider’s view on the company’s stock price. Such transfers are commonly used for estate or family trust planning. The footnotes clarify the recipient trust structure and a limited partnership ownership disclaimer, which affect how much beneficial ownership Friedman is deemed to hold.