Fairholme Fund (NYSE: JOE) sells 121,700 St Joe Co shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The Fairholme Fund, a series of Fairholme Funds, Inc. associated with ten percent owner Bruce R. Berkowitz, reported open-market sales of 121,700 shares of ST JOE Co common stock at prices between $65.09 and $65.18 per share. After these sales, the fund holds 15,458,424 shares of ST JOE Co.
The filing notes that Mr. Berkowitz and Fairholme Capital Management, LLC may be deemed to have beneficial ownership through their control relationships but disclaim beneficial ownership except to the extent of any pecuniary interest. Separately, 606,866 shares of ST JOE Co common stock are reported as directly owned by Mr. Berkowitz.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 121,700 shares ($7,925,347)
Net Sell
4 txns
Insider
BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC
Role
null | null
Sold
121,700 shs ($7.93M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,000 | $65.12 | $1.89M |
| Sale | Common Stock | 33,600 | $65.18 | $2.19M |
| Sale | Common Stock | 59,100 | $65.09 | $3.85M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,458,424 shares (Direct, null)
Footnotes (1)
- The reported transactions were in securities held by The Fairholme Fund, a series of Fairholme Funds, Inc. (the "Fairholme Fund"). The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz ("Mr. Berkowitz") because he controls the sole member of Fairholme Capital Management, LLC ("Fairholme"), which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to the Fairholme Fund. Mr. Berkowitz and Fairholme disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that Mr. Berkowitz and Fairholme are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. The reported securities are directly owned by Mr. Berkowitz.
Key Figures
Shares sold 2026-06-08: 29,000 shares at $65.12
Shares sold 2026-06-05: 33,600 shares at $65.18
Shares sold 2026-06-04: 59,100 shares at $65.09
+3 more
6 metrics
Shares sold 2026-06-08
29,000 shares at $65.12
Open-market sale of ST JOE Co common stock
Shares sold 2026-06-05
33,600 shares at $65.18
Open-market sale of ST JOE Co common stock
Shares sold 2026-06-04
59,100 shares at $65.09
Open-market sale of ST JOE Co common stock
Total shares sold
121,700 shares
Aggregate open-market sales reported in Form 4
Fund holdings after sales
15,458,424 shares
ST JOE Co shares held by The Fairholme Fund after transactions
Direct Berkowitz holdings
606,866 shares
ST JOE Co common stock directly owned by Bruce R. Berkowitz
Key Terms
ten percent owner, open-market sale, beneficially owned, pecuniary interest, +1 more
5 terms
ten percent owner financial
"associated with ten percent owner Bruce R. Berkowitz"
open-market sale financial
"reported open-market sales of 121,700 shares of ST JOE Co"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficially owned financial
"The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
pecuniary interest financial
"disclaim beneficial ownership in the securities reported except to the extent of its pecuniary interest"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transactions did Fairholme report for ST JOE Co (JOE)?
The Fairholme Fund reported open-market sales totaling 121,700 ST JOE Co shares. These sales occurred at prices around $65 per share, reflecting routine portfolio activity by a large shareholder rather than a change in company operations.
At what prices were the recent ST JOE Co (JOE) insider sales executed?
The open-market sales were executed at prices between $65.09 and $65.18 per share. These closely grouped prices suggest normal trading activity within a narrow range rather than distressed or forced selling.
How much stock did The Fairholme Fund sell in each ST JOE Co (JOE) transaction?
The Fairholme Fund sold 59,100 shares at $65.09, 33,600 shares at $65.18, and 29,000 shares at $65.12. Together these open-market transactions account for the 121,700 shares reported as sold.