Planned 5,500-share sale in JOE (NYSE: JOE) by Fairholme Capital Management

Rhea-AI Filing Summary

Fairholme Capital Management filed a notice of proposed sale of 5,500 common shares, with an aggregate market value of $360,250, to be sold through National Financial Services on the NYSE. The issuer lists 57,744,530 shares of this class outstanding, providing context for the size of the planned sale.

The 5,500 shares come from open market purchases made in May and June 2017, all paid for in full with cash shortly after each trade. Over the past three months, Fairholme Capital Management has already sold additional common shares, including 54,900 shares on 11/05/2025 for gross proceeds of $3,244,480.20 and other smaller blocks in November and December 2025.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	National Financial Services 200 Liberty Street 4th Floor New York NY 10281	5500	360250.00	57744530	01/16/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/30/2017	Purchase	Open Market Transaction			2000	06/02/2017	Full Cash Payment
Common	05/31/2017	Purchase	Open Market Transaction			1700	06/05/2017	Full Cash Payment
Common	06/09/2017	Purchase	Open Market Transaction			1500	06/14/2017	Full Cash Payment
Common	06/13/2017	Purchase	Open Market Transaction			300	06/16/2017	Full Cash Payment

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Fairholme Capital Management, L.L.C. 5966 South Dixie Highway Suite 300 South Miami FL 33143	Common	11/05/2025	54900	3244480.20
Fairholme Capital Management, L.L.C. 5966 South DIxie Highway Suite 300 South Miami FL 33143	Common	11/06/2025	5100	299995.77
Fairholme Capital Management, L.L.C. 5966 South DIxie Highway Suite 300 South Miami FL 33143	Common	11/21/2025	8000	416565.01
Fairholme Capital Management, L.L.C. 5966 South DIxie Highway South Miami FL 33143	Common	12/23/2025	5000	296676.50

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filing for JOE disclose?

The notice discloses that Fairholme Capital Management plans to sell 5,500 common shares with an aggregate market value of $360,250 through National Financial Services on the NYSE.

How many JOE shares are outstanding compared with the planned Form 144 sale?

The issuer reports 57,744,530 common shares outstanding, compared with the 5,500 shares covered by this Form 144 notice.

When and how were the JOE shares in this Form 144 acquired?

The 5,500 shares were acquired in open market purchases between 05/30/2017 and 06/13/2017, with full cash payment completed in early to mid-June 2017.

Which broker will handle the JOE share sale disclosed in this Form 144?

The filing lists National Financial Services, located at 200 Liberty Street, 4th Floor, New York, NY 10281, as the broker for the 5,500-share sale on the NYSE.

What JOE stock sales has Fairholme reported in the last three months?

The filing shows recent sales of JOE common shares by Fairholme Capital Management, including 54,900 shares on 11/05/2025 for gross proceeds of $3,244,480.20, plus additional blocks sold on 11/06/2025, 11/21/2025, and 12/23/2025.

What does the representation in the Form 144 signature section mean for JOE investors?

By signing the notice, the selling party represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.