Larson Matthew Scott 4

What Happened
Matthew S. Larson, EVP and Chief Financial Officer of Jefferies Financial Group (JEF), acquired 877 deferred shares on February 27, 2026. The shares were recorded at $44.40 each for a total value of $38,939. This transaction is an acquisition (code A) through a dividend reinvestment program rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-27; price: $44.40 per share; total value: $38,939.
• Shares acquired: 877 deferred shares.
• Filing date / Period of report: 2026-02-27 — the Form 4 was filed the same day (timely).
• Footnote: The shares were acquired as a dividend reinvestment and are exempt under Rule 16b-3(d)(1) & (2) (see footnote F1).
• Shares owned after the transaction: not disclosed in this Form 4.

Context
This was a dividend reinvestment (automatic conversion of dividends into additional deferred shares), a common and routine method for insiders to accumulate company stock. Such reinvestments are generally exempt from short-swing profit rules under Rule 16b-3 and do not necessarily indicate a change in the insider’s view of the company.