Jefferies (JEF) CEO moves 81,076 shares in internal tax-planning transfer
Rhea-AI Filing Summary
Jefferies Financial Group Inc. CEO Richard B. Handler reported an internal share transfer involving 81,076 shares of common stock on February 9, 2026. The transaction is coded as a bona fide gift at a price of $0 per share.
The shares were gifted from an LLC associated with Handler, identified as the reporting person’s 2023-B LLC, into his direct ownership account as part of tax planning. The footnote states this transfer results in no increase or decrease in his overall beneficial holdings, and may be exempt under Rule 16a-13. He continues to hold substantial additional indirect positions through various trusts, LLCs and a profit sharing plan.
Positive
- None.
Negative
- None.
Insights
Routine internal gift transfer with no change to total holdings.
The filing shows Jefferies CEO Richard B. Handler executing a bona fide gift of 81,076 common shares on February 9, 2026. Shares moved from an LLC associated with his trusts into his direct ownership, at a stated price of $0 per share.
The footnote explains this is tax planning and explicitly notes there is no increase or decrease in his beneficial ownership. That means the transaction simply reclassifies how his stake is held, rather than adding to or reducing his economic exposure to Jefferies Financial Group Inc.
Because there is no net change in beneficial holdings and no sale into the market, this looks like an administrative restructuring of ownership. Future filings may further detail any additional internal re-allocations among his trusts, LLCs, and profit sharing plan entities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 81,076 | $0.00 | -- |
| Gift | Common Stock | 81,076 | $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 | -- | -- | -- |
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Jefferies (JEF) CEO Richard Handler report?
Richard Handler reported a bona fide gift of 81,076 Jefferies common shares dated February 9, 2026. The shares moved from an LLC associated with his trusts into his direct ownership, recorded at $0 per share as part of a tax-planning transfer.
Did Richard Handler’s total beneficial ownership in Jefferies (JEF) change?
The filing states the transfer caused no increases or decreases in Richard Handler’s beneficial holdings. Shares were shifted between an associated LLC and his direct account, so his overall economic exposure to Jefferies common stock remains the same after this internal reallocation.
What is the nature of the LLC mentioned in the Jefferies (JEF) Form 4?
The footnote explains the shares were gifted from an LLC where Richard Handler is the manager and his trusts are members. This entity previously held the shares indirectly; the gift moved them into his direct ownership as part of stated tax planning arrangements.
Is the Jefferies (JEF) CEO’s gift transaction exempt under SEC rules?
The footnote notes these transactions may be exempt under Rule 16a-13. That rule can apply when an insider’s beneficial ownership does not change. Here, the filing specifies the gift transfer is tax-related and leaves Handler’s total beneficial holdings unchanged.
What other Jefferies (JEF) holdings are reported for Richard Handler?
Besides his direct holdings, the Form 4 lists indirect ownership through several trusts, LLCs and a profit sharing plan. Each vehicle, such as the 2012 Trust, 2023-A LLC and 2025-B Trust, is shown with its respective number of Jefferies common shares held after the reported date.