Fairholme Fund (NYSE: JOE) sells 184,700 ST JOE Co shares in June

Rhea-AI Filing Summary

ST JOE Co insider filing shows The Fairholme Fund selling common stock in open-market transactions. On June 16, 2026, the fund sold 26,700 shares of common stock at $65.03 per share, following sales of 94,200 shares at $65.59 on June 15, 2026 and 63,800 shares at $65.25 on June 12, 2026.

After the most recent sale, 15,214,024 shares of ST JOE common stock were reported as held. The transactions were in securities held by The Fairholme Fund, a series of Fairholme Funds, Inc., and may be deemed beneficially owned by Bruce R. Berkowitz through Fairholme Capital Management, LLC, though they disclaim beneficial ownership beyond any pecuniary interest. A separate holding entry shows 606,866 shares directly owned by Mr. Berkowitz.

Insights

Equity ownership and insider-transactions analyst

Fairholme Fund reports routine open-market sales while retaining over 15 million ST JOE shares.

The filing reports three open-market sales of ST JOE Co common stock totaling 184,700 shares between June 12 and June 16, 2026, at prices around $65 per share. These transactions are attributed to securities held by The Fairholme Fund, a series of Fairholme Funds, Inc.

Following the latest sale, 15,214,024 shares of common stock remain reported as held, indicating the fund retains a substantial position. Footnotes explain that Bruce R. Berkowitz may be deemed a beneficial owner via Fairholme Capital Management, LLC but disclaims beneficial ownership beyond any pecuniary interest. A separate line shows 606,866 shares directly owned by Mr. Berkowitz, helping investors understand both fund-level and personal holdings.

The pattern reflects net selling activity but within the context of a large ongoing stake and no derivative exercises or gifts reported. Future company filings may provide additional context on any changes to this position over time.

Insider Trade Summary

Net Seller: 184,700 shares ($12,077,829)

Net Sell 4 txns

Insider BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC

Role null | null

Sold 184,700 shs ($12.08M)

Type	Security	Shares	Price	Value
Sale	Common Stock	26,700	$65.03	$1.74M
Sale	Common Stock	94,200	$65.59	$6.18M
Sale	Common Stock	63,800	$65.25	$4.16M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 15,214,024 shares (Direct, null)

Footnotes (1)

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 16, 2026: 26,700 shares at $65.03 Shares sold June 15, 2026: 94,200 shares at $65.59 Shares sold June 12, 2026: 63,800 shares at $65.25 +3 more

6 metrics

Shares sold June 16, 2026 26,700 shares at $65.03 Open-market sale of ST JOE common stock

Shares sold June 15, 2026 94,200 shares at $65.59 Open-market sale of ST JOE common stock

Shares sold June 12, 2026 63,800 shares at $65.25 Open-market sale of ST JOE common stock

Total shares sold 184,700 shares Aggregate of three open-market sales in June 2026

Shares held after latest sale 15,214,024 shares Common stock reported held after June 16, 2026 sale

Direct holding by Berkowitz 606,866 shares Common stock shown in separate holding entry

Key Terms

open-market sale, beneficially owned, pecuniary interest, investment manager, +1 more

5 terms

open-market sale financial

"Sale in open market or private transaction"

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 on this Form 4 except to the extent of its pecuniary interest"

investment manager financial

"Fairholme serves as the investment manager to the Fairholme Fund"

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.

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Form 4 Insider Transactions: What Each Field Means →

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)
06/12/2026

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	06/12/2026		S		63,800	D	$65.25	15,334,924	D(1)
Common Stock	06/15/2026		S		94,200	D	$65.59	15,240,724	D(1)
Common Stock	06/16/2026		S		26,700	D	$65.03	15,214,024	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)	06/16/2026
	Bruce R. Berkowitz, By: /s/ Erica K. Kapahi, (Attorney in Fact)	06/16/2026
	** 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)

FAQ

What did Fairholme Fund report in the latest ST JOE (JOE) Form 4?

The filing shows The Fairholme Fund, tied to Fairholme Funds, Inc., executed open-market sales of ST JOE common stock over several days in June 2026, while continuing to report a large remaining position after these transactions.

How many ST JOE (JOE) shares did Fairholme Fund sell and at what prices?

The fund sold 63,800 shares at $65.25 on June 12, 94,200 shares at $65.59 on June 15, and 26,700 shares at $65.03 on June 16, 2026, for a total of 184,700 ST JOE common shares in open-market transactions.

How many ST JOE (JOE) shares remain reported after Fairholme’s sales?

After the most recent reported sale on June 16, 2026, the filing shows 15,214,024 shares of ST JOE common stock held. This figure reflects the position reported following that day’s 26,700-share open-market sale at $65.03 per share.

Are the ST JOE (JOE) shares sold held directly by Bruce R. Berkowitz?

The open-market sales involve securities held by The Fairholme Fund, a series of Fairholme Funds, Inc. Footnotes state they may be deemed beneficially owned by Bruce R. Berkowitz via Fairholme Capital Management, but he and Fairholme disclaim beneficial ownership beyond any pecuniary interest.

Does Bruce R. Berkowitz personally hold ST JOE (JOE) shares in this Form 4?

Yes. A separate holding entry in the filing notes that certain reported securities are directly owned by Mr. Berkowitz. It shows 606,866 ST JOE common shares in this direct holding, distinct from the much larger position held by The Fairholme Fund.

Were any derivative securities or option exercises reported for ST JOE (JOE)?

No derivative transactions appear in this Form 4. The derivative summary shows no option exercises, conversions, or other derivative activity, indicating only non-derivative common stock sales and a holding entry were reported for this period.