Johnson Financial Group and its subsidiary Johnson Bank report beneficial ownership of 2,457,653 shares of Johnson Outdoors Class A common stock, representing 27.0% of the class as of December 31, 2025. This total includes shares over which they have both sole and shared voting and dispositive power.
The ownership figure also reflects 29,176 shares of Class B common stock with sole voting and dispositive power and 7,404 Class B shares with shared voting and dispositive power, each convertible into Class A on a one-for-one basis. Percentages are based on 9,246,844 Class A shares outstanding as of December 31, 2025. The reporting institutions state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Johnson Outdoors.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 11)
JOHNSON OUTDOORS INC
(Name of Issuer)
Class A Common Stock, $0.05 par value
(Title of Class of Securities)
479167108
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
479167108
1
Names of Reporting Persons
Johnson Financial Group, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
217,881.00
6
Shared Voting Power
2,239,772.00
7
Sole Dispositive Power
217,881.00
8
Shared Dispositive Power
2,239,772.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,457,653.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
27.0 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
479167108
1
Names of Reporting Persons
JOHNSON BANK
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
WISCONSIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
217,881.00
6
Shared Voting Power
2,239,772.00
7
Sole Dispositive Power
217,881.00
8
Shared Dispositive Power
2,239,772.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,457,653.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
27.0 %
12
Type of Reporting Person (See Instructions)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
JOHNSON OUTDOORS INC
(b)
Address of issuer's principal executive offices:
555 MAIN STREET, RACINE, WISCONSIN, 53403-1015.
Item 2.
(a)
Name of person filing:
Johnson Financial Group, Inc. and its subsidiary, Johnson Bank.
(b)
Address or principal business office or, if none, residence:
All reporting persons may be contacted at 555 Main Street, Racine, Wisconsin 53403.
(c)
Citizenship:
Johnson Financial Group, Inc. and Johnson Bank are Wisconsin corporations.
(d)
Title of class of securities:
Class A Common Stock, $0.05 par value
(e)
CUSIP No.:
479167108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information contained in Items 5-11 on the cover pages is incorporated herein by reference.
The shares reported in Items 5-11 on the cover page for Johnson Financial Group, Inc. are held indirectly through the reporting person's subsidiary, Johnson Bank.
The number of shares reported in Item 5 on each cover page includes 29,176 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has sole voting and dispositive power as of December 31, 2025 and includes 7,404 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has shared voting and dispositive power as of December 31, 2025. Shares of Class B common stock are convertible at any time into shares of Class A common stock of Johnson Outdoors Inc. on a one-share-for-one share basis.
(b)
Percent of class:
The percentages calculated in Item 11 on each cover page are based on 9,246,844 shares of Class A common stock outstanding as of December 31, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The number of shares reported in Item 5 on each cover page includes 29,176 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has sole voting and dispositive power as of December 31, 2025. Shares of Class B common stock are convertible at any time into shares of Class A common stock of Johnson Outdoors Inc. on a one-share-for-one share basis.
(ii) Shared power to vote or to direct the vote:
The number of shares reported in Item 6 on each cover page includes 7,404 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has shared voting and dispositive power as of December 31, 2025. Shares of Class B common stock are convertible at any time into shares of Class A common stock of Johnson Outdoors Inc. on a one-share-for-one share basis.
(iii) Sole power to dispose or to direct the disposition of:
The number of shares reported in Item 5 on each cover page includes 29,176 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has sole voting and dispositive power as of December 31, 2025. Shares of Class B common stock are convertible at any time into shares of Class A common stock of Johnson Outdoors Inc. on a one-share-for-one share basis.
(iv) Shared power to dispose or to direct the disposition of:
The number of shares reported in Item 6 on each cover page includes 7,404 shares of Class B common stock of Johnson Outdoors Inc. over which Johnson Bank has shared voting and dispositive power as of December 31, 2025. Shares of Class B common stock are convertible at any time into shares of Class A common stock of Johnson Outdoors Inc. on a one-share-for-one share basis.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
With respect to shares held in a fiduciary or representative capacity, persons other than the reporting persons have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such sales. A family trust for which Helen Johnson-Leipold is the grantor has an interest that relates to more than five percent of the class.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Johnson Financial Group, Inc. is the parent holding company of Johnson Bank, a bank as defined in Section 3(a)(6) of the Act.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Johnson Financial Group, Inc.
Signature:
/s/ Benjamin T. Pavlik
Name/Title:
Legal Counsel and Assistant Corporate Secretary
Date:
02/13/2026
JOHNSON BANK
Signature:
/s/ Adam S. Bellmer
Name/Title:
Wealth Chief Compliance Officer
Date:
02/13/2026
Exhibit Information
Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13G/A filed with the SEC on February 14, 2025)
https://www.sec.gov/Archives/edgar/data/788329/000089271225000040/exhibit1.htm
What ownership stake in Johnson Outdoors (JOUT) is reported in this Schedule 13G/A?
Johnson Financial Group and Johnson Bank report beneficial ownership of 2,457,653 Johnson Outdoors Class A shares, representing 27.0% of the class. This percentage is calculated using 9,246,844 Class A shares outstanding as of December 31, 2025, as disclosed.
Who are the reporting persons in the Johnson Outdoors (JOUT) Schedule 13G/A Amendment No. 11?
The reporting persons are Johnson Financial Group, Inc. and its subsidiary Johnson Bank, both Wisconsin corporations. They file jointly and can be contacted at 555 Main Street, Racine, Wisconsin, which is also Johnson Outdoors’ principal executive office address.
How much voting and dispositive power do Johnson Financial Group and Johnson Bank have over Johnson Outdoors (JOUT) shares?
They report sole voting and dispositive power over 217,881 shares and shared voting and dispositive power over 2,239,772 shares. These amounts include specific Class B common shares that are convertible into Class A on a one-for-one basis.
How are Johnson Outdoors (JOUT) Class B shares treated in this ownership report?
The filing includes 29,176 Class B shares with sole power and 7,404 Class B shares with shared power. All these Class B shares are convertible at any time into Johnson Outdoors Class A shares on a one-share-for-one-share basis.
On what share count is the 27.0% ownership of Johnson Outdoors (JOUT) based?
The 27.0% ownership figure is based on 9,246,844 Johnson Outdoors Class A shares outstanding as of December 31, 2025. This outstanding share number is used to calculate the percentage of the class held by the reporting institutions.
Is the Johnson Outdoors (JOUT) stake held to influence control of the company?
The reporting institutions certify the securities were acquired and are held in the ordinary course of business, not to change or influence control. They also state the holdings are not part of any transaction intended to affect control, except limited proxy nomination activities.
Who else has economic interests in the Johnson Outdoors (JOUT) shares reported here?
The filing notes that other persons, including clients and a family trust for Helen Johnson-Leipold, may receive dividends or sale proceeds. In particular, that family trust has an interest relating to more than five percent of the class through fiduciary and representative holdings.
