ELWYN TASHTEGO S (President - RJA) exercised options at RAYMOND JAMES FINANCIAL INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

ELWYN TASHTEGO S

Filed: 12/16/2025ACC: 0001225208-25-010024

InsiderELWYN TASHTEGO SCIK 1601145

→

IssuerRAYMOND JAMES FINANCIAL INCCIK 720005

Officer· President - RJA

Since Oct 2018

-8.71K

Net shares

Net seller

$2.58M

Total sold

Open market trades

0B · 0S

Total transactions

44.42K acquired · 53.14K disposed

Non-Derivative Transactions8

Common Stock

Direct

G · Gift

−2.70K

Price / share

—

Trade value

—

% of position

6.9%

12/12/2025

38.93K→36.23K

Common Stock

Direct

M · Option Exercise

+27.20K

Price / share

—

Trade value

—

% of position

75.1%

12/15/2025

36.23K→63.43K

Common Stock

Direct

M · Option Exercise

+4.19K

Price / share

—

Trade value

—

% of position

6.6%

12/15/2025

63.43K→67.63K

Common Stock

Direct

M · Option Exercise

+3.26K

Price / share

—

Trade value

—

% of position

4.8%

12/15/2025

67.63K→70.89K

Common Stock

Direct

F · Tax Withholding

−1.28K

Price / share

$163.85

Trade value

$210.38K

% of position

1.8%

12/15/2025

70.89K→69.61K

Common Stock

Direct

F · Tax Withholding

−1.65K

Price / share

$163.85

Trade value

$270.52K

% of position

2.4%

12/15/2025

69.61K→67.95K

Common Stock

Direct

F · Tax Withholding

−2.14K

Price / share

$163.85

Trade value

$349.98K

% of position

3.1%

12/15/2025

67.95K→65.82K

Common Stock

Direct

F · Tax Withholding

−10.70K

Price / share

$163.85

Trade value

$1.75M

% of position

16.3%

12/15/2025

65.82K→55.11K

Total

Net shares

+16.18K

Net value

-$2.58M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/12/2025	G · Gift	−2.70K	—	—	6.9%	38.93K	36.23K
Common Stock Direct	12/15/2025	M · Option Exercise	+27.20K	—	—	75.1%	36.23K	63.43K
Common Stock Direct	12/15/2025	M · Option Exercise	+4.19K	—	—	6.6%	63.43K	67.63K
Common Stock Direct	12/15/2025	M · Option Exercise	+3.26K	—	—	4.8%	67.63K	70.89K
Common Stock Direct	12/15/2025	F · Tax Withholding	−1.28K	$163.85	$210.38K	1.8%	70.89K	69.61K
Common Stock Direct	12/15/2025	F · Tax Withholding	−1.65K	$163.85	$270.52K	2.4%	69.61K	67.95K
Common Stock Direct	12/15/2025	F · Tax Withholding	−2.14K	$163.85	$349.98K	3.1%	67.95K	65.82K
Common Stock Direct	12/15/2025	F · Tax Withholding	−10.70K	$163.85	$1.75M	16.3%	65.82K	55.11K
Total			+16.18K		-$2.58M

Derivative Transactions5

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.26K shares

−3.26K

Strike price

Held after

47.52K

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

27.20K shares

−27.20K

Strike price

Held after

20.31K

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

3.66K shares

+3.66K

Strike price

Held after

3.66K

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

4.19K shares

−4.19K

Strike price

Held after

0.00

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

6.10K shares

+6.10K

Strike price

Held after

6.10K

Exercisable

—

12/15/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock3.26K shares	12/15/2025	M · Option Exercise	−3.26K	—	47.52K
Restricted Stock Units Direct	Common Stock27.20K shares	12/15/2025	M · Option Exercise	−27.20K	—	20.31K
Restricted Stock Units Direct	Common Stock3.66K shares	12/15/2025	A · Award	+3.66K	—	3.66K
Restricted Stock Units Direct	Common Stock4.19K shares	12/15/2025	M · Option Exercise	−4.19K	—	0.00
Restricted Stock Units Direct	Common Stock6.10K shares	12/15/2025	A · Award	+6.10K	—	6.10K

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned75.00

Common Stock

Indirect

Shares owned75.00

Common Stock

Indirect

Shares owned7.49K

Total

7.64K indirect7.64K

Security Title	Shares Owned	Ownership Type
Common Stock	75.00	Indirect
Common Stock	75.00	Indirect
Common Stock	7.49K	Indirect
Total	7.64K	7.64K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported