[Form 4] Jefferies Financial Group Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SUMITOMO MITSUI FINANCIAL GROUP, INC. reported acquisition or exercise transactions in this Form 4 filing.
Sumitomo Mitsui Financial Group, Inc., through its wholly owned subsidiary Sumitomo Mitsui Banking Corporation (SMBC), reported the exchange of 3,769,500 shares of Jefferies Financial Group Inc. common stock for 3,769,500 shares of non-voting common stock under an Amended and Restated Exchange Agreement. After the transactions, SMBC holds 40,579,081 shares of non-voting common stock and 2,659,837 shares of common stock indirectly. SMFG disclaims beneficial ownership of these securities except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SUMITOMO MITSUI FINANCIAL GROUP, INC.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 3,769,500 | -- | -- |
| Exercise | Non-Voting Common Stock | 3,769,500 | -- | -- |
Holdings After Transaction:
Common Stock — 2,659,837 shares (Indirect, See footnotes);
Non-Voting Common Stock — 40,579,081 shares (Indirect, See footnotes)
Footnotes (1)
- Pursuant to the terms of that certain Amended and Restated Exchange Agreement, dated as of September 19, 2025 (the "A&R Exchange Agreement"), by and between the Issuer and Sumitomo Mitsui Banking Corporation ("SMBC"), a direct, wholly-owned subsidiary of the Reporting Person, SMBC has the right to exchange its shares of common stock of the Issuer for shares of non-voting common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. SMBC's right under the A&R Exchange Agreement to exchange shares of common stock of the Issuer for shares of non-voting stock of the Issuer will expire on the earliest to occur of (i) September 19, 2026 (or such later date as agreed between SMBC and the Issuer), (ii) the date on which a certain business alliance between the Reporting Person and its affiliates and the Issuer and its affiliates is terminated and (iii) the date on which an aggregate of 14,132,500 shares of common stock of the Issuer have (following September 19, 2025) been exchanged for either shares of non-voting common stock of the Issuer or shares of non-voting series B-1 preferred stock of Issuer pursuant to the A&R Exchange Agreement. The reported securities are held directly by SMBC, a wholly-owned subsidiary of the Reporting Person. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of its pecuniary interest therein.
