FRIEDMAN BRIAN P 4

What Happened

• Brian P. Friedman, President and Director of Jefferies Financial Group (JEF), reported two open-market sales on May 6, 2026: 0.74 shares at $51.91 ($38) and 0.26 shares at $51.88 ($13), totaling 1.00 share and roughly $51. These were disposals (sales), not purchases.

Key Details

• Transaction dates/prices: May 6, 2026 — 0.74 sh @ $51.91 and 0.26 sh @ $51.88.
• Total proceeds: approximately $51.
• Filing: Form 4 filed May 8, 2026 (filed two days after the transactions).
• Footnotes: F1 notes these were sales of fractional shares to facilitate brokerage account closings; F2 notes the reporting person disclaims beneficial ownership of partnership-held shares beyond his proportionate pecuniary interest.
• Shares owned after transaction: not specified in the provided summary.

Context

• These were very small, fractional-share sales done to facilitate account closures and are routine administrative transactions rather than material insider trades. Such disposals typically do not indicate a change in the insider’s view of the company.