SANTELLI JONATHAN N (EVP, Gen Counsel, Secy) 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

SANTELLI JONATHAN N

Filed: 12/17/2025ACC: 0001225208-25-010067

InsiderSANTELLI JONATHAN NCIK 1672865

→

IssuerRAYMOND JAMES FINANCIAL INCCIK 720005

Officer· EVP, Gen Counsel, Secy

Since Nov 2018

+1.31K

Net shares

Net buyer

$628.9K

Total sold

Open market trades

0B · 0S

Total transactions

12.78K acquired · 11.47K disposed

Non-Derivative Transactions7

Common Stock

Direct

M · Option Exercise

+3.26K

Price / share

—

Trade value

—

% of position

11.8%

12/15/2025

27.56K→30.83K

Common Stock

Direct

M · Option Exercise

+2.72K

Price / share

—

Trade value

—

% of position

8.8%

12/15/2025

30.83K→33.55K

Common Stock

Direct

M · Option Exercise

+1.64K

Price / share

—

Trade value

—

% of position

4.9%

12/15/2025

33.55K→35.19K

Common Stock

Direct

F · Tax Withholding

−647.00

Price / share

$163.85

Trade value

$106.01K

% of position

1.8%

12/15/2025

35.19K→34.54K

Common Stock

Direct

F · Tax Withholding

−837.00

Price / share

$163.85

Trade value

$137.14K

% of position

2.4%

12/15/2025

34.54K→33.71K

Common Stock

Direct

F · Tax Withholding

−1.07K

Price / share

$163.85

Trade value

$175.32K

% of position

3.2%

12/15/2025

33.71K→32.64K

Common Stock

Direct

F · Tax Withholding

−1.28K

Price / share

$163.85

Trade value

$210.38K

% of position

3.9%

12/15/2025

32.64K→31.35K

Total

Net shares

+3.79K

Net value

-$628.86K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/15/2025	M · Option Exercise	+3.26K	—	—	11.8%	27.56K	30.83K
Common Stock Direct	12/15/2025	M · Option Exercise	+2.72K	—	—	8.8%	30.83K	33.55K
Common Stock Direct	12/15/2025	M · Option Exercise	+1.64K	—	—	4.9%	33.55K	35.19K
Common Stock Direct	12/15/2025	F · Tax Withholding	−647.00	$163.85	$106.01K	1.8%	35.19K	34.54K
Common Stock Direct	12/15/2025	F · Tax Withholding	−837.00	$163.85	$137.14K	2.4%	34.54K	33.71K
Common Stock Direct	12/15/2025	F · Tax Withholding	−1.07K	$163.85	$175.32K	3.2%	33.71K	32.64K
Common Stock Direct	12/15/2025	F · Tax Withholding	−1.28K	$163.85	$210.38K	3.9%	32.64K	31.35K
Total			+3.79K		-$628.86K

Derivative Transactions5

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.72K shares

−2.72K

Strike price

Held after

7.25K

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.26K shares

−3.26K

Strike price

Held after

3.99K

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

1.64K shares

−1.64K

Strike price

Held after

0.00

Exercisable

—

12/15/2025

Restricted Stock Units

Direct

A · Award

Converts to

Common Stock

1.49K shares

+1.49K

Strike price

Held after

1.49K

Exercisable

—

12/15/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock2.72K shares	12/15/2025	M · Option Exercise	−2.72K	—	7.25K
Restricted Stock Units Direct	Common Stock3.26K shares	12/15/2025	M · Option Exercise	−3.26K	—	3.99K
Restricted Stock Units Direct	Common Stock3.66K shares	12/15/2025	A · Award	+3.66K	—	3.66K
Restricted Stock Units Direct	Common Stock1.64K shares	12/15/2025	M · Option Exercise	−1.64K	—	0.00
Restricted Stock Units Direct	Common Stock1.49K shares	12/15/2025	A · Award	+1.49K	—	1.49K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned540.00

Total

540.00 indirect540.00

Security Title	Shares Owned	Ownership Type
Common Stock	540.00	Indirect
Total	540.00	540.00 indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported