[Form 4] Raymond James Financial, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Haynes Morgan Tarazeta J, Chief Audit Executive of Raymond James Financial (RJF), reported a gift of 114 shares of Raymond James common stock executed on 08/18/2025 (transaction code G) at a reported price of $0.0000. After the transaction the reporting person beneficially owned 3,631 shares directly and 376 shares indirectly through an ESOP account, with the filing noting the ESOP holdings include shares through August 18, 2025. The Form 4 was signed by an attorney-in-fact.

Positive

• Timely disclosure of insider transaction under Section 16, supporting regulatory transparency
• Use of ESOP indicates employee-aligned holdings retained through the plan
• Transaction was a gift (code G), not a sale, reducing immediate market signaling risk

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider reported a small gift and retains modest direct and ESOP holdings; disclosure supports governance transparency.

The Form 4 documents a voluntary gift of 114 shares by the Chief Audit Executive, with continued direct ownership of 3,631 shares and indirect ESOP holdings of 376 shares. The transaction code G indicates a gift rather than a market sale, and the reported price of $0.0000 is consistent with a transfer by gift. For governance purposes, this is routine and non-material relative to a large-cap issuer, but proper and timely reporting is important for regulatory compliance and investor confidence.

Securities Analyst

TL;DR: Small-sized insider gift unlikely to affect valuation or signal material change in insider sentiment.

From a market-materiality standpoint, the 114-share gift is immaterial to Raymond James Financial's overall equity base. The filing confirms both direct and ESOP-based indirect holdings, which can be relevant for understanding insider alignment with shareholder interests. No derivative transactions or option exercises are reported. Impact on investor valuation or control is negligible based on disclosed quantities.

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^*

Haynes Morgan Tarazeta J

(Last) (First) (Middle)

880 CARILLON PARKWAY

(Street)

ST. PETERSBURG FL 33716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAYMOND JAMES FINANCIAL INC [ RJF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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
Common Stock	08/18/2025		G		114	D	$0.0000	3,631	D
Common Stock								376(1)	I	ESOP

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. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through August 18, 2025.

Remarks:

This Form 4 reports the gift of shares by the reporting person. haynesmorganpoa.txt

	/s/ Tarazeta J. Haynes Morgan by Jonathan J. Doyle as Attorney-in-Fact	09/09/2025
	** 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.
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