Santelli Jonathan N 4

What Happened
Jonathan N. Santelli, EVP and General Counsel of Raymond James Financial (RJF), reported an open-market sale of 4,500 shares of the company's common stock on February 4, 2026. The shares were sold at $170.46 per share, generating proceeds of approximately $767,079. The Form 4 filing (acceded Feb 5, 2026) notes this was an open market sale (transaction code S).

Key Details

• Transaction date: 2026-02-04; Filing date: 2026-02-05 (appears timely).
• Amount sold: 4,500 shares at $170.46 per share.
• Proceeds: ~$767,079.
• Transaction code: S (sale, open market).
• Shares owned after transaction: Not disclosed in the provided Form 4 details.
• Footnote: F1 indicates included shares were acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through January 28, 2026.
• Remarks on filing: The form states it reports an open market sale; no 10b5-1 plan, tax withholding, or late-filing flags were specified in the provided data.

Context
Insider sales can be routine (for diversification, tax planning, or liquidity) and do not by themselves indicate management’s view of the company’s prospects. For retail investors, purchases often carry stronger signals than routine sales; this single open-market sale should be considered alongside other insider activity and company fundamentals.