STOCK TITAN

[Form 4] St. Joe Company Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

St. Joe Co (JOE) insider Bruce R. Berkowitz and Fairholme Funds reported multiple open-market sales of common stock over three days in August 2025. The filings show sales of 139,100 shares on 08/12/2025 at $50.57, 167,500 shares on 08/13/2025 at $51.44, and 44,000 shares on 08/14/2025 at $50.72, totaling 350,600 shares sold. After these reported transactions, the filing shows beneficial ownership of 16,590,024 shares. The report identifies the sellers as Bruce R. Berkowitz (a director and 10% owner) and Fairholme Funds, Inc., and includes a disclosure that some securities were held by The Fairholme Fund with a customary disclaimer of beneficial ownership.

Bruce R. Berkowitz, dirigente di St. Joe Co (JOE), e Fairholme Funds hanno comunicato vendite sul mercato aperto di azioni ordinarie effettuate in tre giorni di agosto 2025. Le comunicazioni riportano la vendita di 139.100 azioni il 12/08/2025 a $50,57, 167.500 azioni il 13/08/2025 a $51,44 e 44.000 azioni il 14/08/2025 a $50,72, per un totale di 350.600 azioni cedute. Dopo queste operazioni il documento indica una partecipazione beneficiaria residua di 16.590.024 azioni. Il rapporto identifica i venditori come Bruce R. Berkowitz (amministratore e detentore del 10%) e Fairholme Funds, Inc., e segnala che alcune azioni erano detenute da The Fairholme Fund con la consueta esclusione di titolarità beneficiaria.

Bruce R. Berkowitz, directivo de St. Joe Co (JOE), y Fairholme Funds informaron varias ventas en el mercado abierto de acciones ordinarias durante tres días de agosto de 2025. Las presentaciones muestran ventas de 139.100 acciones el 12/08/2025 a $50,57, 167.500 acciones el 13/08/2025 a $51,44 y 44.000 acciones el 14/08/2025 a $50,72, sumando un total de 350.600 acciones vendidas. Tras estas transacciones, el informe refleja una titularidad beneficiaria de 16.590.024 acciones. El reporte identifica a los vendedores como Bruce R. Berkowitz (director y propietario del 10%) y Fairholme Funds, Inc., e incluye la indicación de que algunos valores estaban en poder de The Fairholme Fund con la habitual exención de propiedad beneficiaria.

St. Joe Co(JOE) 이사인 브루스 R. 버코위츠(Bruce R. Berkowitz)와 페어홈 펀드(Fairholme Funds)가 2025년 8월 사흘에 걸쳐 보통주를 장내 매도했다고 신고했습니다. 신고서에는 2025-08-12에 139,100주를 주당 $50.57, 2025-08-13에 167,500주를 주당 $51.44, 2025-08-14에 44,000주를 주당 $50.72 매도해 총 350,600주를 판매했다고 기재되어 있습니다. 이들 거래 이후 보고서상 실소유 지분은 16,590,024주로 나타났습니다. 보고서는 판매자를 이사이자 10% 소유주인 브루스 R. 버코위츠와 Fairholme Funds, Inc.로 특정하며, 일부 증권은 The Fairholme Fund가 보유하고 있고 일반적인 실소유권 면책 조항이 포함되어 있음을 공시하고 있습니다.

Bruce R. Berkowitz, administrateur de St. Joe Co (JOE), et Fairholme Funds ont déclaré plusieurs ventes d'actions ordinaires sur le marché libre au cours de trois jours d'août 2025. Les dépôts indiquent la vente de 139 100 actions le 12/08/2025 à 50,57 $, 167 500 actions le 13/08/2025 à 51,44 $ et 44 000 actions le 14/08/2025 à 50,72 $, soit un total de 350 600 actions vendues. Après ces opérations, le dossier fait état d'une participation bénéficiaire de 16 590 024 actions. Le rapport identifie les vendeurs comme Bruce R. Berkowitz (administrateur et détenteur de 10 %) et Fairholme Funds, Inc., et précise que certaines valeurs étaient détenues par The Fairholme Fund avec la clause de non-responsabilité habituelle concernant la propriété bénéficiaire.

Bruce R. Berkowitz, Insider und Direktor von St. Joe Co (JOE), sowie Fairholme Funds meldeten mehrere Verkäufe von Stammaktien über den offenen Markt an drei Tagen im August 2025. Die Meldungen verzeichnen Verkäufe von 139.100 Aktien am 12.08.2025 zu $50,57, 167.500 Aktien am 13.08.2025 zu $51,44 und 44.000 Aktien am 14.08.2025 zu $50,72, insgesamt 350.600 verkaufte Aktien. Nach diesen Transaktionen weist die Meldung eine wirtschaftliche Beteiligung von 16.590.024 Aktien aus. Im Bericht werden die Verkäufer als Bruce R. Berkowitz (Direktor und 10%-Eigentümer) und Fairholme Funds, Inc. genannt; zudem wird offengelegt, dass einige Wertpapiere von The Fairholme Fund gehalten wurden, mit der üblichen Haftungsausschlussklausel bezüglich wirtschaftlicher Inhaberschaft.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Significant director-level sales of 350,600 JOE shares over three days; reduces reported beneficial position to 16.59M shares.

The transactions are explicit open-market dispositions with per-share prices between $50.57 and $51.44. Such concentrated selling by a director/10% owner is material to shareholders because it changes insider stake levels and increases available float. The filing is routine in form and contains the standard manager/fund disclosure and disclaimer. No derivative activity or buys are reported.

TL;DR: Governance disclosure is complete; sales are reported and signed, with manager/fund attribution and a pecuniary-interest disclaimer.

The Form 4 meets Section 16 reporting standards: it lists the reporting persons, relationship to the issuer (director and 10% owner), detailed sale dates, quantities and prices, and includes a signed explanation regarding fund ownership and disclaimers. There are no indications of 10b5-1 plan checkboxes marked, nor of derivative transactions. The filing therefore provides transparent, timely disclosure of insider liquidity events.

Bruce R. Berkowitz, dirigente di St. Joe Co (JOE), e Fairholme Funds hanno comunicato vendite sul mercato aperto di azioni ordinarie effettuate in tre giorni di agosto 2025. Le comunicazioni riportano la vendita di 139.100 azioni il 12/08/2025 a $50,57, 167.500 azioni il 13/08/2025 a $51,44 e 44.000 azioni il 14/08/2025 a $50,72, per un totale di 350.600 azioni cedute. Dopo queste operazioni il documento indica una partecipazione beneficiaria residua di 16.590.024 azioni. Il rapporto identifica i venditori come Bruce R. Berkowitz (amministratore e detentore del 10%) e Fairholme Funds, Inc., e segnala che alcune azioni erano detenute da The Fairholme Fund con la consueta esclusione di titolarità beneficiaria.

Bruce R. Berkowitz, directivo de St. Joe Co (JOE), y Fairholme Funds informaron varias ventas en el mercado abierto de acciones ordinarias durante tres días de agosto de 2025. Las presentaciones muestran ventas de 139.100 acciones el 12/08/2025 a $50,57, 167.500 acciones el 13/08/2025 a $51,44 y 44.000 acciones el 14/08/2025 a $50,72, sumando un total de 350.600 acciones vendidas. Tras estas transacciones, el informe refleja una titularidad beneficiaria de 16.590.024 acciones. El reporte identifica a los vendedores como Bruce R. Berkowitz (director y propietario del 10%) y Fairholme Funds, Inc., e incluye la indicación de que algunos valores estaban en poder de The Fairholme Fund con la habitual exención de propiedad beneficiaria.

St. Joe Co(JOE) 이사인 브루스 R. 버코위츠(Bruce R. Berkowitz)와 페어홈 펀드(Fairholme Funds)가 2025년 8월 사흘에 걸쳐 보통주를 장내 매도했다고 신고했습니다. 신고서에는 2025-08-12에 139,100주를 주당 $50.57, 2025-08-13에 167,500주를 주당 $51.44, 2025-08-14에 44,000주를 주당 $50.72 매도해 총 350,600주를 판매했다고 기재되어 있습니다. 이들 거래 이후 보고서상 실소유 지분은 16,590,024주로 나타났습니다. 보고서는 판매자를 이사이자 10% 소유주인 브루스 R. 버코위츠와 Fairholme Funds, Inc.로 특정하며, 일부 증권은 The Fairholme Fund가 보유하고 있고 일반적인 실소유권 면책 조항이 포함되어 있음을 공시하고 있습니다.

Bruce R. Berkowitz, administrateur de St. Joe Co (JOE), et Fairholme Funds ont déclaré plusieurs ventes d'actions ordinaires sur le marché libre au cours de trois jours d'août 2025. Les dépôts indiquent la vente de 139 100 actions le 12/08/2025 à 50,57 $, 167 500 actions le 13/08/2025 à 51,44 $ et 44 000 actions le 14/08/2025 à 50,72 $, soit un total de 350 600 actions vendues. Après ces opérations, le dossier fait état d'une participation bénéficiaire de 16 590 024 actions. Le rapport identifie les vendeurs comme Bruce R. Berkowitz (administrateur et détenteur de 10 %) et Fairholme Funds, Inc., et précise que certaines valeurs étaient détenues par The Fairholme Fund avec la clause de non-responsabilité habituelle concernant la propriété bénéficiaire.

Bruce R. Berkowitz, Insider und Direktor von St. Joe Co (JOE), sowie Fairholme Funds meldeten mehrere Verkäufe von Stammaktien über den offenen Markt an drei Tagen im August 2025. Die Meldungen verzeichnen Verkäufe von 139.100 Aktien am 12.08.2025 zu $50,57, 167.500 Aktien am 13.08.2025 zu $51,44 und 44.000 Aktien am 14.08.2025 zu $50,72, insgesamt 350.600 verkaufte Aktien. Nach diesen Transaktionen weist die Meldung eine wirtschaftliche Beteiligung von 16.590.024 Aktien aus. Im Bericht werden die Verkäufer als Bruce R. Berkowitz (Direktor und 10%-Eigentümer) und Fairholme Funds, Inc. genannt; zudem wird offengelegt, dass einige Wertpapiere von The Fairholme Fund gehalten wurden, mit der üblichen Haftungsausschlussklausel bezüglich wirtschaftlicher Inhaberschaft.

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)
08/12/2025
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 08/12/2025 S 139,100 D $50.57 16,801,524 D(1)
Common Stock 08/13/2025 S 167,500 D $51.44 16,634,024 D(1)
Common Stock 08/14/2025 S 44,000 D $50.72 16,590,024 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 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) 08/14/2025
Fairholme Funds, Inc., By: Fairholme Capital Management, L.L.C., Investment Manager, Bruce R. Berkowitz, By: /s/ Erica K. Kapahi (Attorney in Fact) 08/14/2025
** 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.

FAQ

What insider transactions did Bruce R. Berkowitz report for JOE?

The Form 4 reports sales of 139,100 shares on 08/12/2025 at $50.57, 167,500 shares on 08/13/2025 at $51.44, and 44,000 shares on 08/14/2025 at $50.72.

How many JOE shares were sold in total in the Form 4?

A total of 350,600 shares were sold across the three reported transactions.

What is the reported beneficial ownership after these transactions?

The filing shows beneficial ownership of 16,590,024 shares following the reported transactions.

Who else is listed as a reporting person on the Form 4?

Fairholme Funds, Inc. is also listed, with transactions noted as held by The Fairholme Fund and an explanatory disclaimer about beneficial ownership.

Were any derivative transactions or purchases reported?

No derivative transactions or share purchases are reported in this Form 4; Table II contains no entries.
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