[Form 4] DAILY JOURNAL CORP Insider Trading Activity

Rhea-AI Filing Summary

John Frank, a director of Daily Journal Corp (DJCO), received two grants of restricted stock units that together settled into 65 shares of common stock (21 and 44 shares). The grants vest in two annual installments and are settled in stock (fractional units paid in cash). The filing notes the shares were issued to the director on October 1, 2025 and that a Form 4 should have been filed at grant rather than at settlement; the filing was submitted late by the reporting person.

Positive

• 65 shares issued to a director from two RSU grants, increasing director ownership
• All restricted stock units are settled in stock (cash only for fractional units), preserving equity alignment

Negative

• Form 4 was filed late; a Form 4 should have been filed at the time of each grant
• Late disclosure of grants could reduce timeliness of insider transparency

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Frank John

(Last) (First) (Middle)

915 EAST FIRST STREET

(Street)

LOS ANGELES CA 90012

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DAILY JOURNAL CORP [ DJCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/23/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/23/2024		A		21	A	$0	21	D
Common Stock	12/13/2024		A		44	A	$0	65	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Reflects two grants of restricted stock units, each of which vest in two annual installments on the first and second anniversaries of the date of grant. All restricted stock units are settled in stock (except for fractional units, which are settled in cash). The shares to settle the vested portion of these grants were issued to the director on October 1, 2025. A Form 4 should have been filed at the time of each grant of units rather than at the time of settlement. This late filing is not due to any error of the reporting person.

	/s/ John Frank	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Daily Journal Corp (DJCO) report?

Director John Frank received two RSU grants that settled into a total of 65 shares (21 and 44 shares).

How do the restricted stock units vest for the DJCO grants?

Each grant vests in two annual installments on the first and second anniversaries of the grant date.

Were the RSUs settled in cash or stock for DJCO?

All restricted stock units are settled in stock; fractional units, if any, are settled in cash.

Was the Form 4 filing for DJCO timely?

No. The filing states a Form 4 should have been filed at the time of each grant and that this Form 4 was submitted late.

When were the shares issued to the director?

The shares to settle the vested portion of these grants were issued on October 1, 2025.