Jefferies president gets 29K share grant, small forfeiture

Jefferies Financial Group President Brian P. Friedman reported routine equity compensation and adjustments in common stock holdings.

Rhea-AI Filing Summary

Jefferies Financial Group President Brian P. Friedman reported routine equity compensation and adjustments in common stock holdings. He acquired 29,003 shares at $52.72 per share as a grant of deferred shares through dividend reinvestment in a transaction exempt under Rule 16b-3(d)(1) & (2). He also disposed of 464 shares back to the issuer at $0.00 per share due to forfeiture of performance share units tied to a recalculation of performance metrics, exempt under Rule 16b-3(e). Following these moves, he holds 2,060,978 shares directly, plus additional indirect holdings through a profit sharing plan, various trusts, and a family limited partnership, while disclaiming beneficial ownership beyond his pecuniary interest in the partnership’s shares.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider FRIEDMAN BRIAN P

Role President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	29,003	$52.72	$1.53M
Disposition	Common Stock	464	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,089,981 shares (Direct); Common Stock — 1,216,578 shares (Indirect, By Reporting Person's Trusts); Common Stock — 496,780 shares (Indirect, By Family Limited Partnership); Common Stock — 1,800 shares (Indirect, By Trusts of which Reporting Person is Trustee); Common Stock — 46,810 shares (Indirect, By Trustee of Profit Sharing Plan)

Footnotes (3)

1. F1. Forfeiture of PSUs relating to prior equity grants due to recalculation of performance metrics. These transactions are exempt under Rule 16b-3(e) under the Securities Exchange Act of 1934.
2. F2. Acquisition of deferred shares as a dividend reinvestment in a transaction exempt under Rule 16b-3(d)(1) & (2) under the Securities Exchange Act of 1934.
3. F3. 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.

Key Figures

Deferred share grant: 29,003 shares at $52.72 PSU forfeiture: 464 shares at $0.00 Direct holdings after transactions: 2,060,978 shares +4 more

7 metrics

Deferred share grant 29,003 shares at $52.72 Grant/award acquisition of common stock as dividend reinvestment

PSU forfeiture 464 shares at $0.00 Disposition to issuer due to recalculation of performance metrics

Direct holdings after transactions 2,060,978 shares Common stock directly owned following grant and forfeiture

Profit sharing plan holdings 46,810 shares Indirect ownership by trustee of profit sharing plan

Trustee-held trusts 1,800 shares Indirect ownership by trusts where reporting person is trustee

Family limited partnership 496,780 shares Indirect holdings; beneficial ownership disclaimed beyond pecuniary interest

Reporting person’s trusts 1,216,578 shares Indirect ownership via reporting person’s trusts

Key Terms

deferred shares, dividend reinvestment, Rule 16b-3(e), Rule 16b-3(d)(1) & (2), +2 more

6 terms

deferred shares financial

"Acquisition of deferred shares as a dividend reinvestment in a transaction exempt"

Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.

dividend reinvestment financial

"Acquisition of deferred shares as a dividend reinvestment in a transaction exempt"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Rule 16b-3(e) regulatory

"These transactions are exempt under Rule 16b-3(e) under the Securities Exchange Act"

Rule 16b-3(d)(1) & (2) regulatory

"transaction exempt under Rule 16b-3(d)(1) & (2) under the Securities Exchange Act"

Family Limited Partnership financial

"total_shares_following_transaction": "496780.0000" ... "By Family Limited Partnership""

performance share units financial

"Forfeiture of PSUs relating to prior equity grants due to recalculation"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jefferies (JEF) President Brian Friedman report in this Form 4?

Brian Friedman reported an equity grant and a small forfeiture of Jefferies common stock. He received deferred shares via dividend reinvestment and returned some shares to the issuer after performance share units were recalculated, reflecting routine compensation-related adjustments rather than open-market trading.

How many Jefferies (JEF) shares did Brian Friedman acquire in this filing?

He acquired 29,003 shares of Jefferies common stock at $52.72 per share. These were deferred shares received as a dividend reinvestment, in a transaction explicitly described as exempt under Rule 16b-3(d)(1) and (2) of the Securities Exchange Act of 1934.

Why were some of Brian Friedman’s Jefferies (JEF) shares forfeited?

A total of 464 shares were forfeited back to the issuer due to recalculation of performance metrics tied to prior equity grants. The filing states this forfeiture relates to performance share units and is exempt under Rule 16b-3(e) under the Securities Exchange Act of 1934.

How many Jefferies (JEF) shares does Brian Friedman hold directly after these transactions?

After the reported grant and forfeiture, Brian Friedman directly holds 2,060,978 shares of Jefferies common stock. This figure reflects only his direct ownership; the filing also lists several indirect holdings through a profit sharing plan, trusts, and a family limited partnership.

What indirect Jefferies (JEF) holdings are associated with Brian Friedman?

The filing lists indirect holdings including 46,810 shares via a profit sharing plan, 1,800 shares via trusts where he is trustee, 496,780 shares via a family limited partnership, and 1,216,578 shares via his trusts. He disclaims beneficial ownership beyond his proportionate pecuniary interest in the partnership shares.

Are Brian Friedman’s Jefferies (JEF) Form 4 transactions open-market buys or sells?

No, the transactions are not open-market trades. The acquisition reflects a grant of deferred shares through dividend reinvestment, and the disposition is a forfeiture of performance share units back to the issuer, both treated as exempt transactions under Rule 16b-3 provisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 09:19 PM EDT Learn about SEC filing dates

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).

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

520 MADISON AVE.

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/28/2026		D(1)		464(1)	D	$0	2,060,978	D
Common Stock	05/29/2026		A(2)		29,003(2)	A	$52.72	2,089,981	D
Common Stock								1,216,578	I	By Reporting Person's Trusts
Common Stock								496,780	I	By Family Limited Partnership(3)
Common Stock								1,800	I	By Trusts of which Reporting Person is Trustee
Common Stock								46,810	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. Forfeiture of PSUs relating to prior equity grants due to recalculation of performance metrics. These transactions are exempt under Rule 16b-3(e) under the Securities Exchange Act of 1934.

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

3. 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	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)