Jefferies CEO gifts JEF shares in tax move
Jefferies Financial Group CEO Richard B. Handler reported internal movements of Jefferies common stock among his direct holdings and related entities.
Rhea-AI Filing Summary
Jefferies Financial Group CEO Richard B. Handler reported internal movements of Jefferies common stock among his direct holdings and related entities. The Form 4 shows bona fide gift transfers of common shares at a price of $0.00 per share, labeled as tax planning.
According to the footnote, shares were gifted to an LLC managed by Handler, whose trusts are members, and the transactions result in no increases or decreases to his beneficial holdings. The filing also updates indirect holdings across several trusts, LLCs and a profit-sharing plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
518,020 shares gifted
Gift
13 txns
Insider
HANDLER RICHARD B
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 259,010 | $0.00 | $0.00 |
| Gift | Common Stock | 259,010 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,406,540 shares (Direct);
Common Stock — 259,010 shares (Indirect, By Reporting Person's 2025-B LLC);
Common Stock — 287,858 shares (Indirect, By Reporting Person's 2012 Trust);
Common Stock — 279,504 shares (Indirect, By Spouse of Reporting Person's Trust);
Common Stock — 231,268 shares (Indirect, By Reporting Person's 2003 Trust);
Common Stock — 331,685 shares (Indirect, By Reporting Person's 2022 LLC);
Common Stock — 85,584 shares (Indirect, By Reporting Person's 2022-A LLC);
Common Stock — 120,754 shares (Indirect, By Reporting Person's 2023-A LLC);
Common Stock — 121,898 shares (Indirect, By Reporting Person's 2023-B LLC);
Common Stock — 3,637 shares (Indirect, By Reporting Person's 2024-B Trust);
Common Stock — 1,000,000 shares (Indirect, By Reporting Person's 2025-B Trust);
Common Stock — 500,000 shares (Indirect, By Reporting Person's 2025-D Trust);
Common Stock — 130,055 shares (Indirect, By Trustee of Profit Sharing Plan)
Footnotes (1)
- F1. Shares gifted to a LLC of which Reporting Person is the manager and Reporting Person's trusts are its members. This transfer reflects tax planning and results in no increases or decreases to Reporting Person's beneficial holdings. These transactions may be exempt under Rule 16a-13.
FAQ
What insider transactions did Jefferies (JEF) report for Richard B. Handler?
Jefferies reported that CEO Richard B. Handler made bona fide gift transfers of common stock. These gifts were internal movements to a related LLC and trusts, executed at $0.00 per share, as part of tax planning rather than open-market buying or selling.
Did Richard Handler’s Jefferies (JEF) stock gifts change his beneficial ownership stake?
The filing states the tax-planning transfers result in no increases or decreases to Richard Handler’s beneficial holdings. Shares were gifted to an LLC he manages, whose members are his trusts, so economic exposure to Jefferies stock remains effectively the same after the internal reorganization.
Were Richard Handler’s Jefferies stock gifts open-market sales or purchases?
No, the Form 4 describes the movements as bona fide gifts at $0.00 per share, not market trades. Shares were transferred between Handler’s direct holdings and related entities, such as an LLC and various trusts, as part of structural tax planning rather than ordinary buying or selling activity.
What SEC rule might apply to Richard Handler’s Jefferies stock gifts?
The footnote notes these internal gift transfers may be exempt under SEC Rule 16a-13. That rule can apply when an insider’s economic interest does not change, which aligns with the filing’s statement that Handler’s beneficial holdings in Jefferies are unchanged by these tax-planning moves.
AI-generated analysis. How Rhea-AI works. Not financial advice.
