[Form 4] RAYMOND JAMES FINANCIAL INC Insider Trading Activity

Rhea-AI Filing Summary

The filing reports that Scott A. Curtis, Chief Operating Officer and director-level officer of Raymond James Financial Inc. (RJF), amended a prior Form 4 to disclose a gift of 140 shares of RJF common stock that occurred on December 12, 2018 and was inadvertently not previously reported. Following the reported disposition, the filing shows Mr. Curtis beneficially owns 57,491 shares directly and 4,177 shares indirectly through an ESOP account, with the ESOP holdings noted as including shares acquired through September 26, 2025. The amendment states the earlier omission caused an overstatement of 140 shares on intervening Forms 4. The form is signed by an attorney-in-fact on behalf of Scott A. Curtis on September 30, 2025.

Positive

• Amendment corrects the public record by disclosing the previously omitted gift of 140 shares.
• Current beneficial ownership is explicitly stated: 57,491 shares direct and 4,177 shares indirect via ESOP.

Negative

• Initial non-reporting of the December 12, 2018 gift reflects a lapse in timely Section 16 disclosure obligations.

Insights

Corporate Governance Expert

TL;DR: Amendment corrects a small, historic reporting omission; the adjustment is immaterial to ownership scale but highlights a disclosure control lapse.

The Form 4 amendment discloses a gift of 140 shares on December 12, 2018 that had not been reported, resulting in an overstatement of beneficial ownership on subsequent filings. The filing quantifies current holdings as 57,491 shares direct and 4,177 indirect via an ESOP, and explicitly links ESOP shares to acquisitions through September 26, 2025. From a governance standpoint, the immediate materiality is low given the small absolute size of 140 shares relative to total holdings, but the need for an amendment underscores the importance of controls for timely Section 16 reporting. The signature by an attorney-in-fact on September 30, 2025 finalizes the correction in the public record.

Securities Compliance Analyst

TL;DR: This is a corrective disclosure for a past gift; it clarifies record accuracy without indicating new transactions.

The form identifies the transaction code as a gift (code G) and records a disposition of 140 shares at a price of $0.0000, consistent with a gratuitous transfer. The explanatory remarks state the omission was inadvertent and quantify the overstated amount. The filing also documents ESOP-related indirect ownership and confirms the amendment rather than a new transfer. For regulators and investors monitoring Section 16 filers, this resolves a historical reporting error but does not present new economic activity by the reporting person.

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).

1. Name and Address of Reporting Person^*

Curtis Scott A

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2018

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	12/12/2018		G		140	D	$0.0000	57,491	D
Common Stock								4,177(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 September 26, 2025.

Remarks:

This Form 4 reports a gift of shares by the reporting person that occurred on December 12, 2018 and that was inadvertently not previously reported. The effect of this omission on intervening Forms 4 was to overstate by 140 shares the total number of shares of common stock beneficially owned by the reporting person.

	/s/ Scott A. Curtis by Jonathan J. Doyle as Attorney-in-Fact	09/30/2025
	** 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 did the amended Form 4 for RJF disclose?

The amendment discloses a previously unreported gift of 140 shares of Raymond James Financial Inc. common stock that occurred on December 12, 2018.

How many RJF shares does Scott A. Curtis beneficially own after the amendment?

The filing reports 57,491 shares owned directly and 4,177 shares owned indirectly through an ESOP account.

Why was the Form 4 amended?

The remarks state the gift on December 12, 2018 was inadvertently not previously reported, which caused an overstatement of 140 shares on intervening Forms 4.

What transaction code was used to report the disposition?

The disposition of 140 shares is reported with transaction code G, indicating a gift, at a reported price of $0.0000.

When was the amended Form 4 signed?

The Form 4 was signed by Scott A. Curtis via an attorney-in-fact on September 30, 2025.