[Form 4] RAYMOND JAMES FINANCIAL INC Insider Trading Activity

Rhea-AI Filing Summary

Raymond James Financial (RJF) executive Steven M. Raney, Executive Chair RJBank, reported a change in his ownership of Raymond James common stock. On November 20, 2025, he made a gift of 1,611 shares of common stock, reported with transaction code "G" and a price of $0.0000, which indicates a transfer without consideration.

After this transaction, he beneficially owned 42,351 shares of common stock directly and 3,156 shares indirectly through an Employee Stock Ownership Plan (ESOP). The filing also notes additional shares previously acquired under the company’s Employee Stock Purchase Plan on March 4, June 3, and September 3, 2025.

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
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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^*

Raney Steven M

(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)
	Executive Chair RJBank

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		G		1,611	D	$0.0000	42,351(1)	D
Common Stock								3,156(2)	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 40 shares of common stock acquired on March 4, 2025, 42 shares of common stock acquired on June 3, 2025, and 37 shares of common stock acquired on September 3, 2025, pursuant to the registrant's Employee Stock Purchase Plan.

2. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 20, 2025.

Remarks:

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

	/s/ Steven M. Raney by Jonathan J. Doyle as Attorney-in-Fact	11/21/2025
	** 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 transaction did RJF executive Steven M. Raney report?

Steven M. Raney reported a gift of 1,611 shares of Raymond James Financial common stock on November 20, 2025, using transaction code "G" to indicate a gift.

How many RJF shares does Steven M. Raney own after the reported transaction?

Following the transaction, Steven M. Raney beneficially owned 42,351 shares of Raymond James common stock directly and 3,156 shares indirectly through an ESOP account.

What does transaction code "G" mean in the RJF Form 4 filing?

In this Form 4, transaction code "G" identifies the transaction as a gift of shares, indicating a transfer of RJF common stock without payment.

What is Steven M. Raney’s role at Raymond James Financial (RJF)?

Steven M. Raney is listed as an Officer of Raymond James Financial with the title Executive Chair RJBank, and he is the reporting person on this Form 4.

How were some of Steven M. Raney’s RJF shares originally acquired?

The filing explains that his holdings include shares acquired under Raymond James’ Employee Stock Purchase Plan on March 4, 2025, June 3, 2025, and September 3, 2025, as well as shares in his Employee Stock Ownership Plan (ESOP) account.

Is this RJF Form 4 filed by one or multiple reporting persons?

This Form 4 is filed by one reporting person, identified as Steven M. Raney, according to the individual filing box checked in the document.