Control Empresarial trims PBF Energy (PBF) stake with open-market sales

Rhea-AI Filing Summary

Control Empresarial de Capitales S.A. de C.V., a ten percent owner of PBF Energy Inc., reported open-market sales of PBF Class A common shares. It sold 205,570 shares on June 25 at a weighted average price of $42.0121 per share and 200,000 shares on June 26 at a weighted average price of $42.7851 per share. Footnotes note these were executed through multiple trades within price ranges of $42.00–$42.30 and $42.50–$43.00. After these transactions, the reporting holder directly owns 17,712,128 Class A common shares, indicating it retains a substantial position in PBF Energy.

Insider Trade Summary

Net Seller: 405,570 shares ($17,193,447)

Net Sell 2 txns

Insider Control Empresarial de Capitales S.A. de C.V.

Role null

Sold 405,570 shs ($17.19M)

Type	Security	Shares	Price	Value
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	200,000	$42.7851	$8.56M
Sale	Class A Common Shares (as defined in Exhibit 99.1 hereto)	205,570	$42.0121	$8.64M

Holdings After Transaction: Class A Common Shares (as defined in Exhibit 99.1 hereto) — 17,712,128 shares (Direct, null)

Footnotes (1)

1. Weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.30 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4. Weighted average price. These shares were sold in multiple transactions at prices ranging from $42.50 to $43.00 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

Key Figures

Shares sold June 25, 2026: 205,570 shares Price June 25, 2026: $42.0121 per share Shares sold June 26, 2026: 200,000 shares +5 more

8 metrics

Shares sold June 25, 2026 205,570 shares Open-market sale at weighted average $42.0121

Price June 25, 2026 $42.0121 per share Weighted average sale price

Shares sold June 26, 2026 200,000 shares Open-market sale at weighted average $42.7851

Price June 26, 2026 $42.7851 per share Weighted average sale price

Total shares sold 405,570 shares Sum of June 25–26 open-market sales

Shares held after transactions 17,712,128 shares Direct holdings following June 26 sale

June 25 price range $42.00–$42.30 Footnote price range for multiple trades

June 26 price range $42.50–$43.00 Footnote price range for multiple trades

Key Terms

Class A Common Shares, open-market sale, ten percent owner, weighted average price, +1 more

5 terms

Class A Common Shares financial

"security_title: "Class A Common Shares (as defined in Exhibit 99.1 hereto)""

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

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.

ten percent owner financial

""is_ten_percent_owner": 1"

weighted average price financial

"footnote: "Weighted average price. These shares were sold in multiple transactions""

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"footnote: "within the range set forth in this footnote (1) to this Form 4""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:38 PM Accepted by SEC EDGAR 06/29/2026 - 04:37 PM Learn about SEC filing dates

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^*

Control Empresarial de Capitales S.A. de C.V.

(Last) (First) (Middle)

PASEO DE LAS PALMAS 781, PISO 3

LOMAS DE CHAPULTEPEC

(Street)

CIUDAD DE MEXICO 11000

(City) (State) (Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
PBF Energy Inc. [ PBF ]

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

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Add'l Rep. Persons-see Ex.99-1

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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 Common Shares (as defined in Exhibit 99.1 hereto)	06/25/2026		S		205,570	D	$42.0121(1)	17,912,128	D(3)
Class A Common Shares (as defined in Exhibit 99.1 hereto)	06/26/2026		S		200,000	D	$42.7851(2)	17,712,128	D(3)

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. Weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.30 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

2. Weighted average price. These shares were sold in multiple transactions at prices ranging from $42.50 to $43.00 inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

3. See attached Exhibit 99.1 to this Form 4, which is hereby incorporated herein by reference.

	/s/ MARCO ANTONIO SLIM DOMIT, ATTORNEY-IN-FACT	06/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

How many PBF (PBF) shares did Control Empresarial sell in this Form 4?

Control Empresarial sold a total of 405,570 PBF Class A common shares. The transactions occurred over two days and were reported as open-market sales with weighted average prices in the low $40s.

What prices did Control Empresarial receive for the PBF (PBF) share sales?

The seller received weighted average prices of $42.0121 and $42.7851 per share. Footnotes state these shares were sold in multiple trades within price ranges of $42.00–$42.30 and $42.50–$43.00, respectively.

On what dates did Control Empresarial sell PBF (PBF) shares?

The reported PBF share sales took place on June 25, 2026 and June 26, 2026. Each date involved a separate open-market transaction with its own share count and weighted average price disclosed in the Form 4.

How many PBF (PBF) shares does Control Empresarial hold after these sales?

After the reported transactions, Control Empresarial holds 17,712,128 Class A common shares of PBF Energy directly. This remaining stake is significantly larger than the number of shares sold in the two reported transactions.

Were the PBF (PBF) share sales by Control Empresarial single trades or multiple trades?

Each reported sale represents multiple trades aggregated into a weighted average price. Footnotes explain that shares on each date were sold within specific price ranges and that full trade details are available upon request.