[Form 4] Jefferies Financial Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Brian P. Friedman, President and a director of Jefferies Financial Group Inc. (JEF), reported an acquisition on 08/29/2025 of 24,337 shares of Jefferies common stock through a dividend reinvestment plan at a price of $64.85 per share. After the transaction, Mr. Friedman is shown as directly beneficially owning 2,496,344 shares and indirectly owning additional shares: 1,163,898 via his trusts, 496,780 via a family limited partnership (with a disclaimed portion noted), and 44,323 held by a trustee of a profit sharing plan. The filing notes the acquisition was exempt under Rule 16b(3)(d)(1) and (2) as a dividend reinvestment.

Positive

• Insider acquired 24,337 shares via a dividend reinvestment plan, increasing direct ownership
• Significant total ownership disclosed: 2,496,344 shares direct plus substantial indirect holdings via trusts and partnership

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider reinvestment increases direct holding slightly; no unusual trading or disposition reported.

The Form 4 documents a standard dividend reinvestment acquisition of 24,337 shares at $64.85 on 08/29/2025, recorded as exempt under Rule 16b(3). Post-transaction, the reporting person holds a substantial direct position of 2.50 million shares plus significant indirect holdings through trusts and partnerships. The filing contains no dispositions, option exercises, or derivative activity, and includes a customary disclaimer regarding the family limited partnership interest.

Corporate Governance Expert

TL;DR: Insider remains materially invested; transaction appears procedural and consistent with executive ownership maintenance.

The record shows Mr. Friedman acting as both President and director, maintaining concentrated ownership via direct and indirect vehicles. The transaction is described as dividend reinvestment, a common mechanism for insiders to increase share count without open-market purchases. The form is complete with required explanatory footnotes and a signed power of attorney, and it discloses the limited partnership disclaimer which clarifies beneficial ownership scope.

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^*

FRIEDMAN BRIAN P

(Last) (First) (Middle)

C/O JEFFERIES FINANCIAL GROUP INC.

520 MADISON AVE.

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Jefferies Financial Group Inc. [ JEF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		A(1)		24,337(1)	A	$64.85	2,496,344	D
Common Stock								1,163,898	I	By Reporting Person's Trusts
Common Stock								496,780	I	By Family Limited Partnership(2)
Common Stock								44,323	I	By Trustee of Profit Sharing Plan

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:

1. Acquisition of deferred shares as a dividend reinvestment in a transaction exempt under Rule 16-b(3)(d)(1) & (2) under the Securities Exchange Act of 1934.

2. The reporting person disclaims beneficial ownership of the portion of shares held by the limited partnership in excess of his proportionate pecuniary interest in those shares.

Remarks:

	/s/ Joanna Jia, by power of attorney	08/29/2025
	** 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 transaction did JEF insider Brian P. Friedman report on 08/29/2025?

The Form 4 reports an acquisition of 24,337 shares through a dividend reinvestment at $64.85 per share on 08/29/2025.

How many JEF shares does Brian P. Friedman beneficially own after the reported transaction?

Following the transaction he is shown as directly owning 2,496,344 shares and indirectly owning 1,705,001 shares combined via trusts, a family limited partnership, and a profit sharing plan trustee.

Is the acquisition subject to any exemption or special rule?

Yes, the filing states the acquisition was exempt under Rule 16b(3)(d)(1) & (2) as a dividend reinvestment.

What roles does the reporting person hold at Jefferies Financial Group?

The Form 4 lists Brian P. Friedman as both a Director and the company President.

Does the filing indicate any derivatives or option transactions by the reporting person?

No. Table II for derivative securities contains no reported transactions; only a non-derivative acquisition is disclosed.