[Form 4] DAILY JOURNAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Mary Murphy Conlin, a director of Daily Journal Corp (DJCO), reported two grants of restricted stock units: 21 RSUs on 05/23/2024 and 44 RSUs on 12/13/2024, for a total of 65 units. Each grant vests in two annual installments on the first and second anniversaries of the grant date and is settled in common stock (fractional units are settled in cash). The shares to settle the vested portion were issued to the director on October 1, 2025. The Form 4 was filed on 10/03/2025 and discloses that the filing is late: the registrant states a Form 4 should have been filed at the time of each grant rather than at settlement, and the filing states the late submission is not due to any error of the reporting person.

Positive

• Disclosure of vesting and settlement details including grant dates (05/23/2024, 12/13/2024) and settlement date (10/01/2025)
• All RSUs settled in stock (fractional units in cash), specifying the form of payment

Negative

• Late Form 4 filing: grants on 05/23/2024 and 12/13/2024 were not reported until 10/03/2025
• Required disclosure at grant time omitted according to the filer’s own remarks

Insights

Corporate Governance Analyst

Late disclosure of director RSU grants totaling 65 units; settlement occurred on Oct 1, 2025.

The filing shows two non‑derivative grants of restricted stock units (21 and 44) that vest in two annual installments and are settled in common stock, which clarifies the economic interest acquired by the director.

The Form 4 was submitted on 10/03/2025 after the shares were issued on 10/01/2025 and notes the required disclosure should have occurred at grant dates (05/23/2024 and 12/13/2024), indicating a late filing; the report explicitly states the lateness is not due to an 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

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^*

Conlin Mary Murphy

(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	121	D
Common Stock	12/13/2024		A		44	A	$0	165	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/ Mary Murphy Conlin	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 activity did Daily Journal (DJCO) disclose in this Form 4?

The filing reports two restricted stock unit grants to director Mary Murphy Conlin: 21 RSUs on 05/23/2024 and 44 RSUs on 12/13/2024, settled in stock with shares issued on 10/01/2025.

How many total RSUs did the director receive for DJCO?

The director received a total of 65 restricted stock units (21 + 44), each vesting in two annual installments.

When were the RSUs settled and when was the Form 4 filed?

The vested shares were issued and settled on October 1, 2025, and the Form 4 was filed on 10/03/2025.

Did the filing explain why it was late?

Yes. The filing states a Form 4 should have been filed at the time of each grant rather than at settlement and includes the statement that the late filing is not due to any error of the reporting person.

How do the RSU vesting terms work?

Each grant vests in two annual installments on the first and second anniversaries of the grant date; vested units are settled in common stock, with fractional units settled in cash.