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St Joe (JOE) 10% holder Fairholme Fund trims 39K shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Fairholme Fund, a major holder of ST JOE Co, sold 39,000 shares of common stock in open-market transactions. The sales occurred on February 27, March 2, and March 3 at prices between $71.85 and $73.14 per share.

After these sales, Fairholme Funds Inc. reported ownership of 16,096,124 shares of ST JOE Co common stock, based on the latest transaction balance. A separate holding line shows 606,866 shares directly owned by Bruce R. Berkowitz. The filing states the sold securities were held by The Fairholme Fund, a series of Fairholme Funds, Inc., with Mr. Berkowitz and Fairholme Capital Management, LLC potentially deemed beneficial owners through their roles but disclaiming beneficial ownership except to any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC
Role 10% Owner | 10% Owner
Sold 39,000 shs ($2.82M)
Type Security Shares Price Value
Sale Common Stock 8,800 $73.14 $644K
Sale Common Stock 11,200 $72.64 $814K
Sale Common Stock 19,000 $71.85 $1.37M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,096,124 shares (Direct)
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.
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 FL 33143
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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 02/27/2026 S 19,000 D $71.85 16,116,124 D(1)
Common Stock 03/02/2026 S 11,200 D $72.64 16,104,924 D(1)
Common Stock 03/03/2026 S 8,800 D $73.14 16,096,124 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 FL 33143
(City) (State) (Zip)
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)
C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C.
5966 SOUTH DIXIE HIGHWAY, SUITE 300
(Street)
SOUTH MIAMI FL 33143
(City) (State) (Zip)
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.
Bruce R. Berkowitz, By: /s/ Erica K. Kapahi (Attorney in Fact) 03/03/2026
Fairholme Funds, Inc., By: Fairholme Capital Management, L.L.C., Investment Manager, Bruce R. Berkowitz, By: /s/ Erica K. Kapahi (Attorney in Fact) 03/03/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Fairholme Fund report for ST JOE Co (JOE)?

Fairholme Fund reported selling 39,000 shares of ST JOE Co common stock in open-market transactions. The sales took place on February 27, March 2, and March 3 at prices between $71.85 and $73.14 per share.

Over what dates and prices were ST JOE Co (JOE) shares sold?

The filing shows sales on February 27, March 2, and March 3. Reported sale prices ranged from $71.85 to $73.14 per share, reflecting open-market or private sale transactions in ST JOE Co common stock.

How many ST JOE Co (JOE) shares did Fairholme Funds Inc. hold after the reported sales?

After the reported sales, Fairholme Funds Inc. showed 16,096,124 ST JOE Co common shares as the balance following the latest transaction. This figure comes from the “total shares following transaction” field tied to the final listed sale.

What ST JOE Co (JOE) holdings are directly owned by Bruce R. Berkowitz?

A separate holding line in the Form 4 lists 606,866 ST JOE Co common shares as directly owned by Bruce R. Berkowitz. This direct ownership is distinct from the shares held by The Fairholme Fund reported in the sale transactions.

Who actually held the ST JOE Co (JOE) shares sold in this Form 4?

Footnotes state the sold securities were held by The Fairholme Fund, a series of Fairholme Funds, Inc. Mr. Berkowitz and Fairholme Capital Management, LLC may be deemed beneficial owners through management roles but disclaim beneficial ownership except for any pecuniary interest.

What type of transactions were reported in the ST JOE Co (JOE) Form 4?

The Form 4 describes the reported trades as open-market or private sale transactions in ST JOE Co common stock. All three dated entries carry transaction code “S,” which denotes a sale in the open market or a private transaction.