FAIRHOLME FUNDS INC 4

4 · ST JOE Co · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

ST JOE (JOE) 10% Owner Bruce Berkowitz Sells 21,100 Shares

What Happened

Bruce R. Berkowitz, reported as a 10% owner of ST JOE Co (ticker: JOE), sold 21,100 shares in an open-market transaction on March 17, 2026. The shares were sold at $72.22 each for a total of $1,523,842. This was a sale (not a purchase), which is often routine and does not by itself indicate company outlook.

Key Details

Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19)
Transaction type/code: Open-market sale (S)
Price per share: $72.22
Total proceeds: $1,523,842
Shares owned after transaction: Not specified in the provided data (see the Form 4 for full holdings)
Footnotes:
- F1: Notes the transaction involved securities held by The Fairholme Fund; Berkowitz controls the sole member of Fairholme Capital Management and may be deemed to have beneficial ownership, though he and Fairholme disclaim beneficial ownership except to the extent of any pecuniary interest.
- F2: States the reported securities are directly owned by Mr. Berkowitz.
Filing timeliness: Form 4 filed on 2026-03-19 for a 2026-03-17 trade — appears to be filed within the required two business days.

Context

As a reported 10% owner, Berkowitz's trades can reflect institutional-level activity (via Fairholme) rather than routine insider compensation-related transactions. Sales are common and do not necessarily imply a negative view; consider this trade alongside other insider activity and company fundamentals.

Form 4

Period: 2026-03-17

10% Owner

Transactions

Holdings

Footnotes (2)

[F1]The reported transactions were in securities held by The Fairholme Fund, a series of Fairholme Funds, Inc. (the "Fairholme Fund"). The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz ("Mr. Berkowitz") because he controls the sole member of Fairholme Capital Management, LLC ("Fairholme"), which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to the Fairholme Fund. Mr. Berkowitz and Fairholme disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that Mr. Berkowitz and Fairholme are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
[F2]The reported securities are directly owned by Mr. Berkowitz.

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