Fairholme Fund sells 59,700 ST JOE shares

ST JOE Co insider entities associated with Bruce R. Berkowitz reported open-market sales of a combined 59,700 shares of Common Stock.

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.

Insider Trade Summary

Net Seller: 59,700 shares

Net Sell 3 txns

Insider BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC

Role 10% Owner | 10% Owner

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 — 16,005,590 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. 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.

FAQ

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

What did Fairholme-related entities do in this ST JOE (JOE) Form 4?

Entities associated with Bruce R. Berkowitz reported selling 59,700 shares of ST JOE Common Stock in open-market transactions at about $65 per share. The trades were executed over two days and left a large share position still reported as held.

How many ST JOE (JOE) shares were sold and at what prices?

The filing shows two open-market sales totaling 59,700 shares. On June 9, 30,500 shares sold at $65.10 per share, and on June 10, 29,200 shares sold at $65.13 per share, according to the reported transaction details.

How many ST JOE (JOE) shares remain held after these insider sales?

After the June 10 transaction, one reported position shows 15,398,724 ST JOE shares of Common Stock. A separate entry reports a direct holding of 606,866 shares as of June 9, indicating a substantial continuing ownership stake following the disclosed sales.

Who is reported as benefiting from these ST JOE (JOE) share holdings?

The securities were held by The Fairholme Fund, a series of Fairholme Funds, Inc. They may be deemed beneficially owned by Fairholme Capital Management, LLC and Bruce R. Berkowitz, who both disclaim beneficial ownership except to the extent of any pecuniary interest.

Were the ST JOE (JOE) shares in this Form 4 directly owned by Bruce Berkowitz?

The filing notes the reported transactions involved securities held by The Fairholme Fund, while a separate footnote states certain reported securities are directly owned by Mr. Berkowitz. Both Fairholme and Mr. Berkowitz disclaim beneficial ownership beyond their pecuniary interest.

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

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Accepted by SEC EDGAR 06/11/2026 - 06:07 PM 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^*

BERKOWITZ BRUCE R

(Last) (First) (Middle)

C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C.

5966 SOUTH DIXIE HIGHWAY, SUITE 300

(Street)

SOUTH MIAMI FLORIDA 33143

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ST JOE Co [ JOE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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

	Form filed by One Reporting Person
X	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	06/09/2026		S		30,500	D	$65.1	15,427,924	D(1)
Common Stock	06/10/2026		S		29,200	D	$65.13	15,398,724	D(1)
Common Stock								606,866	D(2)

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

1. Name and Address of Reporting Person^*

BERKOWITZ BRUCE R

(Last) (First) (Middle)

C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C.

5966 SOUTH DIXIE HIGHWAY, SUITE 300

(Street)

SOUTH MIAMI FLORIDA 33143

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

FAIRHOLME FUNDS INC

(Last) (First) (Middle)

5966 SOUTH DIXIE HIGHWAY, SUITE 300

(Street)

SOUTH MIAMI FLORIDA 33143

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. The reported securities are directly owned by Mr. Berkowitz.

	Fairholme Funds, Inc., By: Fairholme Capital Management, L.L.C., Investment Manager, Bruce R. Berkowitz, By: /s/ Erica K. Kapahi, (Attorney in Fact)	06/11/2026
	Bruce R. Berkowitz, By: /s/ Erica K. Kapahi, (Attorney in Fact)	06/11/2026
	** 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)