Daily Journal Corp (DJCO) trustee reports 4.3% stake and trust terminations

Rhea-AI Filing Summary

Daily Journal Corp’s large shareholder Peter D. Kaufman has updated his ownership disclosure as trustee of certain trusts holding the company’s common stock. The trusts hold an aggregate 59,574 shares, representing 4.3% of the common stock, based on 1,377,722 shares outstanding as of February 2, 2026. Kaufman previously announced that he planned to terminate these trusts in the first quarter of 2026, and the terminations are moving forward. As of March 6, 2026, 59,601 shares have been distributed from the trusts to their beneficiaries in connection with the terminations, reducing Kaufman’s reported beneficial ownership.

Insights

Equity ownership & governance analyst

Large shareholder’s trust terminations reduce a disclosed 4.3% stake via beneficiary distributions.

Peter D. Kaufman reports beneficial ownership of 59,574 shares of Daily Journal Corp common stock, or 4.3% of the class, calculated against 1,377,722 shares outstanding as of February 2, 2026. The stake is held through trusts where he serves as trustee.

The filing explains that Kaufman is in the process of terminating these trusts, consistent with a plan disclosed on January 16, 2026. By March 6, 2026, 59,601 shares had been distributed to trust beneficiaries, shifting ownership away from the trustee and dispersing it among individual recipients.

This development modestly changes the concentration of ownership without describing any change in company strategy or control arrangements. Future ownership patterns will depend on how these beneficiaries choose to hold or trade their shares, but those decisions are not detailed here.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 002)

DAILY JOURNAL CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

Stephen Bruce
1211 Air Way,
Glendale, CA, 91201
818.247.6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/06/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Peter D. Kaufman

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 59,574.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 59,574.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

59,574.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: DAILY JOURNAL CORP
(c)	Address of Issuer's Principal Executive Offices: 915 EAST FIRST STREET, LOS ANGELES, CALIFORNIA , 90012.
Item 2.	Identity and Background
(a)	Peter D. Kaufman (Trustee)
(b)	1211 Air Way, Glendale, CA 91201
(c)	Corporate Officer, Glenair, Inc., 1211 Air Way, Glendale, CA 91201
(d)	None
(e)	None
(f)	Mr. Kaufman is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Mr. Kaufman acts as trustee of certain trusts (the "Trusts") which hold in the aggregate 59,574 shares of Common Stock (the "Shares").
Item 4.	Purpose of Transaction
	On January 16, 2026, Mr. Kaufman disclosed that he planned to terminate the Trusts during the first quarter of 2026. The planned terminations are proceeding. As of March 6, 2026, 59,601 Shares have been distributed to the Trusts' beneficiaries in connection with these terminations.
Item 5.	Interest in Securities of the Issuer
(a)	See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Shares and percentage of Shares beneficially owned by Mr. Kaufman. The aggregate percentage of Shares reported beneficially owned by Mr. Kaufman is based upon 1,377,722 Shares outstanding as of February 2, 2026, as disclosed in the Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2025, filed by the Issuer with the Securities and Exchange Commission on February 17, 2026.
(b)	See rows (7) through (10) of the cover page to this Schedule 13D for the Shares as to which Mr. Kaufman has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	See Item 4.
(d)	Not applicable
(e)	March 6, 2026
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	None
Item 7.	Material to be Filed as Exhibits.
	None

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Peter D. Kaufman

Signature:	/s/ Peter D. Kaufman
Name/Title:	Peter D. Kaufman
Date:	03/10/2026

FAQ

What percentage of Daily Journal Corp (DJCO) shares does Peter D. Kaufman report owning?

Peter D. Kaufman reports beneficial ownership of 4.3% of Daily Journal Corp’s common stock. This percentage is based on 59,574 shares held through trusts, compared with 1,377,722 shares outstanding as of February 2, 2026, as disclosed in the company’s Form 10-Q.

How many Daily Journal Corp (DJCO) shares are held by the trusts overseen by Peter D. Kaufman?

Trusts for which Peter D. Kaufman acts as trustee hold an aggregate 59,574 shares of Daily Journal Corp common stock. These shares form the basis of his reported beneficial ownership and are the subject of the trust terminations described in the amended Schedule 13D/A filing.

What change did Peter D. Kaufman disclose regarding the trusts holding Daily Journal Corp (DJCO) shares?

Kaufman disclosed that he planned to terminate the trusts holding Daily Journal Corp shares during the first quarter of 2026. The terminations are proceeding, and by March 6, 2026, 59,601 shares had been distributed from the trusts to their beneficiaries as part of this process.

On what share count is Peter D. Kaufman’s 4.3% Daily Journal Corp (DJCO) stake calculated?

The 4.3% beneficial ownership figure is calculated using 1,377,722 Daily Journal Corp shares outstanding as of February 2, 2026. That outstanding share figure comes from the company’s Form 10-Q for the quarter ended December 31, 2025, filed on February 17, 2026.

Does Peter D. Kaufman report any shared voting or dispositive power over Daily Journal Corp (DJCO) shares?

No. Kaufman reports sole voting and sole dispositive power over 59,574 Daily Journal Corp shares and zero shared voting or shared dispositive power. This means the filing attributes full voting and disposition authority for those shares to him as trustee of the relevant trusts.

What is the stated purpose of Peter D. Kaufman’s recent Daily Journal Corp (DJCO) share distributions?

The share distributions are described as part of terminating certain trusts that hold Daily Journal Corp shares. Kaufman previously disclosed his plan to terminate these trusts in early 2026, and the distributions of 59,601 shares to beneficiaries implement those planned terminations.