Fairholme Fund linked to Bruce Berkowitz trims 59,700 ST JOE (JOE) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ST JOE Co insider entities associated with Bruce R. Berkowitz reported open-market sales of a combined 59,700 shares of Common Stock. One trade on June 9, 2026 covered 30,500 shares at $65.10 per share, and another on June 10, 2026 covered 29,200 shares at $65.13 per share.
The reported securities were held by The Fairholme Fund, a series of Fairholme Funds, Inc., which may be deemed beneficially owned by Fairholme Capital Management, LLC and Mr. Berkowitz. They disclaim beneficial ownership beyond any pecuniary interest. After these transactions, a reported position shows 15,398,724 shares, with a separate direct holding reported at 606,866 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 59,700 shares ($3,887,346)
Net Sell
3 txns
Insider
BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC
Role
null | null
Sold
59,700 shs ($3.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,200 | $65.13 | $1.90M |
| Sale | Common Stock | 30,500 | $65.10 | $1.99M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,398,724 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 June 10, 2026: 29,200 shares at $65.13
Shares sold June 9, 2026: 30,500 shares at $65.10
Total shares sold: 59,700 shares
+3 more
6 metrics
Shares sold June 10, 2026
29,200 shares at $65.13
Open-market sale of Common Stock
Shares sold June 9, 2026
30,500 shares at $65.10
Open-market sale of Common Stock
Total shares sold
59,700 shares
Net share sales reported in this Form 4
Shares following June 10 sale
15,398,724 shares
Reported Common Stock position after latest sale
Separate direct holding
606,866 shares
Direct Common Stock holding as of June 9, 2026
Net buy/sell direction
Net sale of 59,700 shares
Form 4 transaction summary shows net-sell activity
Key Terms
open-market sale, ten percent owner, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market sale financial
"transaction_action is described as an open-market sale of Common Stock"
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.
ten percent owner financial
"each reporting person is identified as a ten percent owner"
beneficial ownership financial
"Fairholme may be deemed to have beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"they disclaim beneficial ownership except to the extent of its pecuniary interest"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
