Restricted stock grant to Oppenheimer (NYSE: OPY) director’s trust

Rhea-AI Filing Summary

Oppenheimer Holdings Inc. director Paul M. Friedman reported an other transaction involving 1,400 shares of Class A non-voting common stock. According to the filing, this represents a restricted stock award granted under the Oppenheimer Holdings Inc. 2024 Incentive Plan.

The shares are held indirectly through the Paul M. Friedman Living Trust dated 3/5/19, bringing the trust’s reported holdings of this class of stock to 18,400 shares following the award.

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

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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^*

Friedman Paul M

(Last) (First) (Middle)

C/O OPPENHEIMER HOLDINGS INC.

85 BROAD STREET

(Street)

NEW YORK NY 10004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OPPENHEIMER HOLDINGS INC [ OPY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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
Class A non-voting common stock	02/26/2026(1)		J		1,400	A	(1)	18,400	I	Paul M. Friedman Living Trust dated 3/5/19

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

Explanation of Responses:

1. Represents a restricted stock award granted under the Oppenheimer Holdings Inc. 2024 Incentive Plan

Remarks:

	/s/ Jenny Chan, as Attorney-in-fact for Paul M. Friedman	02/27/2026
	** 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).
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FAQ

What insider transaction did OPPENHEIMER HOLDINGS INC (OPY) report for Paul M. Friedman?

The filing reports an other transaction involving 1,400 shares of Class A non-voting common stock. This reflects a restricted stock award granted under the company’s 2024 Incentive Plan and held indirectly through the Paul M. Friedman Living Trust.

How many OPY shares does Paul M. Friedman’s trust hold after this Form 4 transaction?

After the reported transaction, the Paul M. Friedman Living Trust holds 18,400 shares of Oppenheimer Class A non-voting common stock. This total includes the newly granted 1,400-share restricted stock award reported in the Form 4 filing.

What type of security was involved in Paul M. Friedman’s OPY Form 4 filing?

The Form 4 involves Class A non-voting common stock of Oppenheimer Holdings Inc. The reported 1,400 shares were granted as a restricted stock award under the Oppenheimer Holdings Inc. 2024 Incentive Plan and are held indirectly by a living trust.

How is ownership of the reported OPY shares structured for Paul M. Friedman?

Ownership is reported as indirect through the Paul M. Friedman Living Trust dated 3/5/19. The trust holds 18,400 shares of Class A non-voting common stock after the award, rather than the shares being held directly in Friedman’s personal name.

Was the 1,400-share OPY transaction a market purchase or sale?

No, the 1,400-share transaction is coded as an “other” transaction (code J), described as a restricted stock award. It reflects a grant under the 2024 Incentive Plan, not an open-market purchase or sale of Oppenheimer Holdings Inc. shares.