FRIEDMAN BRIAN P

JEF President Friedman sells 393.4K shares for $28.4M at $72.17 amid 13.9% 30-day rally; reduces stake by 41.2%

President Brian P. Friedman sold 393,397 shares across two separate transactions on 2024-11-06 for a combined $28,393,256.08 at a blended average price of $72.17, reducing his post-transaction holdings to 560,507 shares from a pre-transaction position of 953,904 shares. The sale occurs after a sharp 30-day rally of +13.9%, with the stock now trading at the 52-week high of $72.06. Examining his prior trades at JEF, Friedman's three measurable sales in 2024 (May 2024 transactions and the May 14 sale) showed net positive 90-day returns of +18.9% and +19.2%, indicating his prior sales at this ticker were poorly timed—the stock rose after he sold. His cross-ticker track record shows an average 90-day return of +19.1% after sells with a 0.00% well-timed rate, confirming a consistent pattern of selling before rallies. The 41.2% reduction in stake size, combined with execution at a 52-week high after recent momentum, warrants monitoring against the backdrop of annual revenue contraction of -21.4% and an elevated P/E of 26.30.

President Friedman sells 247,326 shares of JEF at $65.20 for $16.1M; holds 1.63M shares post-sale.

FRIEDMAN BRIAN P sold 247,326 shares on 2024-10-30 at $65.20 per share, reducing his stake from 1.88M to 1.63M shares (-13.2% of prior holdings). At his same-ticker history—his prior three measurable sales at JEF in May and October 2024—stocks rose an average 90 days after the sales, with a 0% well-timed rate, meaning none of those prior transactions preceded subsequent declines. The current price of $64.58 is -4.0% below the 52-week high and +4.9% above the 30-day average, placing the transaction near recent highs. Friedman retains substantial holdings (1.63M shares), consistent with an executive managing a core position rather than exiting the stock. Given the company's -21.4% annual revenue decline and P/E of 23.57, context for this sale warrants examination.

President Brian P. Friedman sells 200,000 shares of JEF at $63.09 for $12.6M, reducing stake by 24.9%

Brian P. Friedman, President of Jefferies Financial Group, sold 200,000 shares (200.0K shares) at $63.09 on 2024-10-10 for a total value of $12,618,060.00 ($12.6M), reducing his post-transaction holdings to 604,606 shares (604.6K shares) from 804,606 shares (804.6K shares). The sale occurred near the 52-week high of $63.66, and his 30-day return following prior similar sales at JEF averaged -5.1% to -5.6%, though his 90-day returns across all three prior JEF sales averaged +18.9% to +19.2%, with a 0.00% well-timed rate at the 90-day mark. The company carries a P/E of 23.03 with annual revenue declining 21.4% year-over-year, suggesting structural headwinds in the investment banking environment, though current liquidity appears stable with net income of $181,039,000.00 ($181.0M) on latest quarterly revenue of $1,683,552,000.00 ($1.7B).