Daily Journal (NASDAQ: DJCO) director gets 115 stock units over 2 years

Rhea-AI Filing Summary

Daily Journal Corp director Rasool Rayani reported stock-based compensation grants in the form of common stock tied to restricted stock units. The Form 4 shows awards of 21 shares on May 23, 2024, 44 shares on December 13, 2024, and 50 shares on December 12, 2025, all at a stated price of $0 per share, bringing his directly owned common shares to 115.

The underlying restricted stock units vest in two annual installments on October 1, 2026 and October 1, 2027, and are settled in stock, with any fractional units settled in cash. The filing notes it was submitted late due to administrative delays in obtaining the reporting person’s EDGAR Form ID and states it was not the result of any error by the reporting person.

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

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rayani Rasool

(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
Common Stock	12/12/2025		A		50	A	$0	115	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 grants of restricted stock units, each of which vest in two annual installments on October 1, 2026, and October 1, 2027. All restricted stock units are settled in stock (except for fractional units, which are settled in cash). This late filing was due to administrative delays in obtaining the reporting person's EDGAR Form ID and was not the result of any error by the reporting person.

	/s/ Rasool Rayani	01/08/2026
	** 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 activity did Daily Journal Corp (DJCO) report for Rasool Rayani?

The filing reports that director Rasool Rayani received grants of Daily Journal Corp common stock tied to restricted stock units: 21 shares on May 23, 2024, 44 shares on December 13, 2024, and 50 shares on December 12, 2025, all at a reported price of $0 per share.

How many Daily Journal Corp (DJCO) shares does Rasool Rayani own after these grants?

After the reported transactions, Rasool Rayani beneficially owns 115 shares of Daily Journal Corp common stock directly.

What are the vesting terms of the restricted stock units reported by DJCO?

The restricted stock units underlying the grants vest in two annual installments on October 1, 2026 and October 1, 2027. All units are settled in stock, with any fractional units settled in cash.

Were the Daily Journal (DJCO) shares purchased or granted to the director?

The Form 4 shows the transactions with code A and a price of $0 per share, indicating stock grants tied to restricted stock units rather than open-market purchases.

Why was Rasool Rayani’s Form 4 for Daily Journal Corp (DJCO) filed late?

The remarks explain that the late filing was due to administrative delays in obtaining the reporting person’s EDGAR Form ID and that it was not the result of any error by the reporting person.

What is Rasool Rayani’s role at Daily Journal Corp (DJCO)?

The filing identifies Rasool Rayani as a director of Daily Journal Corp and not as an officer or 10% owner.