Form 4: Jefferies CEO Handler Reports Routine Stock Transactions

Jefferies Financial Group CEO Richard B. Handler reported transactions involving common stock, including shares withheld for tax liability and a gift to a family trust.

Summary

• Richard B. Handler, CEO and Director of Jefferies Financial Group Inc. (JEF), reported changes in his beneficial ownership of common stock.
• On December 16, 2025, 219,497 shares were withheld at a price of $61.16 per share to satisfy tax liabilities arising from the distribution of long-term equity grants.
• On the same date, 622 shares were gifted to a family trust, of which Mr. Handler is neither a trustee nor a beneficiary, with a transaction price of $0.
• These transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these reported transactions, Mr. Handler directly beneficially owns 13,478,798 shares of common stock.
• Mr. Handler also indirectly beneficially owns an additional 3,165,144 shares through various entities including LLCs and trusts (e.g., Reporting Person's 2024-B LLC, 2012 Trust, Spouse's Trust, 2003 Trust, 2022 LLC, 2022-A LLC, 2023-A LLC, 2023-B LLC, 2025-B Trust, 2025-D Trust, and a Profit Sharing Plan).

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions, specifically shares withheld for tax purposes and a small gift. It does not contain information that would indicate a positive or negative sentiment regarding the company's performance or future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report (Form 4) for a financial services company, disclosing changes in beneficial ownership by a key executive. Such filings are standard disclosures and typically do not reflect broader industry trends or competitive positioning.

Related Party Transactions

• A gift of 622 shares of common stock was made to a family trust, where the Reporting Person (Richard B. Handler) is neither a trustee nor a beneficiary.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine insider transactions, likely pre-scheduled under a 10b5-1 plan, and do not signal a change in management's confidence or company fundamentals.

Key Dates

Keywords

Jefferies Financial Group, JEF, Richard B. Handler, CEO, Director, Insider Transaction, Form 4, Beneficial Ownership, Equity Grants, Tax Withholding, Stock Gift, 10b5-1 Plan