STOCK TITAN
  1. Home
  2. Sec-filings
  3. JOE
  4. [Form 4] ST JOE Co Insider Trading Activity

St Joe Co (NYSE: JOE) holder Fairholme Fund reports $65.5 share sales

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

Rhea-AI Filing Summary

Fairholme Fund, a major holder of St Joe Co (JOE), reported sales of common stock. On January 15, 2026, the fund sold 87,700 shares at $65.51 per share. On January 16, 2026, it sold another 13,900 shares at $65.50 per share, leaving 16,151,124 St Joe shares reported as beneficially owned after the transactions.

The securities were held by The Fairholme Fund, a series of Fairholme Funds, Inc. Bruce R. Berkowitz may be deemed a beneficial owner through his control of Fairholme Capital Management, LLC, but he and Fairholme disclaim beneficial ownership except to the extent of any pecuniary interest. A separate block of 606,866 St Joe shares is reported as directly owned by Mr. Berkowitz.

Positive

  • None.

Negative

  • None.

Insights

Large St Joe holder Fairholme Fund reported modest share sales around $65.5 while retaining a sizable position.

The filing shows The Fairholme Fund, a series of Fairholme Funds, Inc., selling St Joe Co common stock in two open-market transactions. On January 15, 2026 it sold 87,700 shares at $65.51 per share, and on January 16, 2026 it sold 13,900 shares at $65.50 per share. After these trades, 16,151,124 St Joe shares are reported as beneficially owned in that fund-related block.

Footnotes clarify that these securities are held by The Fairholme Fund, and that Bruce R. Berkowitz may be deemed a beneficial owner through his control of Fairholme Capital Management, LLC, which manages the fund. Both Mr. Berkowitz and Fairholme, however, disclaim beneficial ownership except to any pecuniary interest. Separately, 606,866 St Joe shares are reported as directly owned by Mr. Berkowitz, indicating a personal stake distinct from the fund holdings.

Because the position size after the sales remains large, this filing primarily updates ownership records rather than signaling a clearly transformative change. The key factual takeaway is that a 10% owner associated with Mr. Berkowitz has slightly reduced, but not exited, its St Joe Co common stock holdings.

Insider BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC
Role 10% Owner | 10% Owner
Sold 101,600 shs ($6.66M)
Type Security Shares Price Value
Sale Common Stock 13,900 $65.50 $910K
Sale Common Stock 87,700 $65.51 $5.75M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,151,124 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)
01/15/2026
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 01/15/2026 S 87,700 D $65.51 16,165,024 D(1)
Common Stock 01/16/2026 S 13,900 D $65.5 16,151,124 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) 01/20/2026
Fairholme Funds, Inc., By: Fairholme Capital Management, L.L.C., Investment Manager, Bruce R. Berkowitz, By: /s/ Erica K. Kapahi (Attorney in Fact) 01/20/2026
** 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

Who reported St Joe Co (JOE) share transactions in this Form 4?

The Form 4 lists Bruce R. Berkowitz and Fairholme Funds, Inc. as reporting persons. The transactions involve securities held by The Fairholme Fund, a series of Fairholme Funds, Inc., with Fairholme Capital Management, LLC serving as investment manager.

How many St Joe Co (JOE) shares did The Fairholme Fund sell and at what prices?

The Fairholme Fund reported selling 87,700 St Joe common shares on January 15, 2026 at $65.51 per share and 13,900 shares on January 16, 2026 at $65.50 per share, each coded as an S (sale) transaction.

How many St Joe Co (JOE) shares remained held by The Fairholme Fund after these sales?

After the reported sales, the Form 4 shows 16,151,124 St Joe common shares beneficially owned in the fund-related block of holdings associated with The Fairholme Fund.

Does Bruce R. Berkowitz personally own St Joe Co (JOE) shares separate from The Fairholme Fund?

Yes. A separate entry reports 606,866 St Joe common shares as directly owned by Mr. Berkowitz, distinct from the shares held by The Fairholme Fund.

What does the Form 4 say about beneficial ownership for Bruce R. Berkowitz and Fairholme Capital Management?

The footnote states that Mr. Berkowitz may be deemed to beneficially own the fund-held shares through his control of Fairholme Capital Management, LLC. However, Mr. Berkowitz and Fairholme disclaim beneficial ownership of those securities except to the extent of any pecuniary interest.

What is the relationship of the reporting persons to St Joe Co (JOE)?

The Form 4 identifies the reporting persons as 10% owners of St Joe Co. They are not listed as officers, and the director and officer checkboxes are not marked for them in the provided excerpt.