Stock units convert to shares at Stifel Financial (NYSE: SF) with tax sale

Rhea-AI Filing Summary

Stifel Financial Corp executive David Rubulotta, Co-Head Fixed Inc Cap Mkts, reported equity transactions involving company stock. On January 13, 2026, he acquired 2,302 shares of common stock at an exercise price of $0 through the conversion of Phantom Stock Units, leaving him with 8,599 Phantom Stock Units that are currently exercisable with no expiration date.

On the same date, 910 shares of common stock were disposed of at a price of $125.22 per share, resulting in 1,392 shares of common stock beneficially owned directly following the reported transactions.

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^*

Rubulotta David

(Last) (First) (Middle)

787 7TH AVENUE

(Street)

NEW YORK NY 10019

(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
	Officer (give title below)	X	Other (specify below)
			Co-Head Fixed Inc Cap Mkts

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		2,302	A	$0	2,302	D
Common Stock	01/13/2026		F		910	D	$125.22	1,392	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			2,302	(1)	(2)	Common Stock	2,302	$0	8,599	D

Explanation of Responses:

1. Currently exercisable.

2. No expiration date for these Units

	/s/ David Rubulotta	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.
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FAQ

What insider transaction did SF executive David Rubulotta report?

David Rubulotta, Co-Head Fixed Inc Cap Mkts at Stifel Financial Corp (SF), reported acquiring 2,302 shares of common stock on January 13, 2026 through the conversion of Phantom Stock Units, and disposing of 910 shares of common stock the same day.

How many Stifel Financial (SF) shares does David Rubulotta own after this Form 4?

Following the reported transactions on January 13, 2026, David Rubulotta beneficially owns 1,392 shares of Stifel Financial common stock directly.

What happened to David Rubulotta’s Phantom Stock Units at Stifel Financial (SF)?

On January 13, 2026, 2,302 Phantom Stock Units were converted into 2,302 shares of common stock at an exercise price of $0, and 8,599 Phantom Stock Units remained beneficially owned directly after the transaction.

At what price were Stifel Financial (SF) shares disposed of in this Form 4?

The Form 4 reports that 910 shares of Stifel Financial common stock were disposed of at a price of $125.22 per share on January 13, 2026.

What is the role of David Rubulotta at Stifel Financial (SF)?

David Rubulotta is listed as Co-Head Fixed Inc Cap Mkts in relation to Stifel Financial Corp in this Form 4 filing.

Do David Rubulotta’s Phantom Stock Units at SF have an expiration date?

The footnotes state that the Phantom Stock Units are currently exercisable and have no expiration date.