FRIEDMAN BRIAN P 4

What Happened Brian P. Friedman, President and Director of Jefferies Financial Group (JEF), had two related transactions disclosed. On 2026-05-28, 464 performance share units (PSUs) were forfeited back to the issuer (reported as a disposition at $0.00). On 2026-05-29 he acquired 29,003 shares at $52.72 each (total value reported as $1,529,038) as an award/deferred share acquisition.

Key Details

• Transaction dates and amounts:
  • 2026-05-28: Disposition to issuer — 464 shares at $0.00 (forfeiture).
  • 2026-05-29: Acquisition (award/deferred shares) — 29,003 shares at $52.72 ($1,529,038).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes / exemptions:
  • F1: Forfeiture of PSUs due to recalculation of performance metrics; exempt under Rule 16b-3(e).
  • F2: The 29,003-share acquisition is deferred shares via dividend reinvestment; exempt under Rule 16b-3(d)(1) & (2).
  • F3: Friedman disclaims beneficial ownership of any portion of shares held by a limited partnership beyond his proportionate pecuniary interest.
• Filing timing: Report filed 2026-05-29 for transactions dated 2026-05-28/29 — appears timely under Section 16 reporting rules.

Context This filing reflects compensation/award mechanics (an award and a forfeiture) and a dividend reinvestment rather than an open-market purchase. Awards and reinvestments are routine forms of executive compensation and do not necessarily signal a personal market-driven purchase. The exemptions cited mean these transactions are treated as routine corporate compensation events rather than subject to short-swing profit rules.