Fairholme Fund sells 140,400 ST JOE shares
ST JOE Co reported an insider ownership update showing activity linked to The Fairholme Fund, a series of Fairholme Funds, Inc. The Fairholme Fund sold 140,400 shares of ST JOE common stock at $65.71 per share.
Rhea-AI Filing Summary
ST JOE Co reported an insider ownership update showing activity linked to The Fairholme Fund, a series of Fairholme Funds, Inc. The Fairholme Fund sold 140,400 shares of ST JOE common stock at $65.71 per share. After this sale, the fund continued to hold 15,073,624 common shares. A separate holding line shows Bruce R. Berkowitz directly owning 606,866 common shares. Footnotes explain the structure, noting that Berkowitz and Fairholme Capital Management may be deemed beneficial owners through their investment management role but disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 140,400 shares
Net Sell
2 txns
Insider
BERKOWITZ BRUCE R, FAIRHOLME FUNDS INC
Role
10% Owner | 10% Owner
Sold
140,400 shs ($9.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 140,400 | $65.71 | $9.23M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,680,490 shares (Direct)
Footnotes (2)
- 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.
- F2. The reported securities are directly owned by Mr. Berkowitz.
Key Figures
Shares sold: 140,400 shares
Sale price per share: $65.71 per share
Fairholme Fund holdings after sale: 15,073,624 shares
+1 more
4 metrics
Shares sold
140,400 shares
Common Stock sale on 2026-06-18
Sale price per share
$65.71 per share
Open-market or private transaction
Fairholme Fund holdings after sale
15,073,624 shares
Common Stock directly held following transaction
Bruce R. Berkowitz direct holdings
606,866 shares
Common Stock directly owned as reported
Key Terms
beneficially owned, pecuniary interest, investment manager, Section 16, +1 more
5 terms
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 ... 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.
open-market sale financial
"transaction_action": "open-market sale""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did ST JOE Co (JOE) report in this Form 4?
ST JOE Co reported that The Fairholme Fund sold 140,400 shares of its common stock at $65.71 per share. After this sale, the fund still held 15,073,624 ST JOE common shares, indicating a large continuing position despite the disposition.
What are Bruce R. Berkowitz’s reported ST JOE Co (JOE) holdings after the transactions?
One line reports Bruce R. Berkowitz directly owning 606,866 ST JOE common shares. Separately, The Fairholme Fund is shown holding 15,073,624 common shares after the sale, with footnotes describing potential deemed beneficial ownership and related disclaimers.
Does this ST JOE Co (JOE) Form 4 involve any derivatives or options?
No derivative positions are listed in the transaction details, and the derivative summary is empty. The reported activity concerns only common stock, including a sale of 140,400 shares and a separate direct holding entry, with no option exercises or derivative conversions disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
