Stifel (NYSE: SF) counsel exercises 11,335 units and withholds 6,695 shares

Rhea-AI Filing Summary

Stifel Financial Corp. insider transaction: Senior Vice President and General Counsel Mark P. Fisher reported equity transactions dated 01/13/2026. Fisher exercised 11,335 Phantom Stock Units into an equal number of shares of Stifel common stock at an exercise price of $0.00 per unit, increasing his directly held common stock to 56,934 shares immediately after the exercise. In a separate transaction coded "F," 6,695 common shares were disposed of at $125.22 per share, typically reflecting shares withheld to cover taxes, leaving him with 50,239 common shares held directly following the reported transactions. After these moves, Fisher also directly holds 18,779 Phantom Stock Units, which are currently exercisable and have no stated expiration date.

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

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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^*

Fisher Mark P

(Last) (First) (Middle)

ONE MONTGOMERY STREET

SUITE 3700

(Street)

SAN FRANCISCO CA 94104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STIFEL FINANCIAL CORP [ SF ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

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
Common Stock	01/13/2026		M		11,335	A	$0	56,934	D
Common Stock	01/13/2026		F		6,695	D	$125.22	50,239	D

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
Phantom Stock Units	$0	01/13/2026		M			11,335	(1)	(2)	Common Stock	11,335	$0	18,779	D

Explanation of Responses:

1. Currently exercisable.

2. No expiration date for these Units

	/s/ Mark Fisher	01/15/2026
	** 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.

FAQ

What insider transaction did SF executive Mark P. Fisher report?

Mark P. Fisher, Senior VP and General Counsel of Stifel Financial Corp. (SF), reported exercising 11,335 Phantom Stock Units into common stock on 01/13/2026 and a related tax withholding transaction disposing of 6,695 common shares at $125.22 per share.

How many Stifel (SF) common shares does Mark P. Fisher own after this Form 4?

Following the reported transactions, Mark P. Fisher beneficially owns 50,239 shares of Stifel common stock held directly.

What happened to Mark P. Fisher’s Phantom Stock Units in this SF Form 4?

On 01/13/2026, 11,335 Phantom Stock Units were exercised into common stock at an exercise price of $0.00 per unit. After the exercise, Fisher still directly holds 18,779 Phantom Stock Units, which are currently exercisable and have no expiration date.

What does the transaction code M mean in the SF Form 4 for Mark P. Fisher?

The transaction code "M" indicates the exercise or conversion of derivative securities. In this case, it reflects the exercise of 11,335 Phantom Stock Units into Stifel common stock at $0.00 per unit on 01/13/2026.

Why were 6,695 Stifel (SF) shares disposed of at $125.22 in this filing?

The Form 4 shows a transaction coded "F" for the disposal of 6,695 common shares at $125.22 per share. Code F typically represents shares withheld by the issuer to satisfy tax obligations in connection with an equity award event.

Does Mark P. Fisher hold his SF securities directly or indirectly?

All positions reported in this Form 4 for both common stock and Phantom Stock Units are listed with ownership form Direct (D), indicating they are held directly by Mark P. Fisher.