<div id="readability-page-1"><div>Reilly Paul C Chairman of the Board of Raymond James Financial Inc [RJF] filed a Form 4 on December 15, 2025 with the Securities and Exchange Commission disclosing the following changes in ownership:<div><table><tbody><tr><th>Date</th><th>Transaction</th><th>Shares</th><th>Price</th><th>Value</th></tr><tr><td>12/15/25</td><td>Exercise(1)</td><td>92,332</td><td>$0.00</td><td>N/A</td></tr><tr><td>12/15/25</td><td>Surrender(2)</td><td>96,703</td><td>$163.85</td><td>$15,844,787</td></tr><tr><td>12/15/25</td><td>Sale</td><td>130,687</td><td>$163.15</td><td>$21,321,440</td></tr><tr><td>12/15/25</td><td>Gift</td><td>30,516</td><td>$0.00</td><td>N/A</td></tr></tbody></table></div>Ending Holdings: 262,544 (260,546 - Direct, 1,998 - Indirect)<div><table><tbody><tr><td>(1)</td><td>85,259 shares exercised on vest date and on expiration date.</td></tr><tr><td> </td><td>7,073 shares exercised 2.0 years before expiration date.</td></tr><tr><td>(2)</td><td>Surrender of shares back to company to pay option exercise cost and/or resulting tax liability.</td></tr></tbody></table></div>For a free trial, or to learn more about our insider trading analysis and data services, please visit http://www.washingtonservice.com or contact us at (301) 913-5100 or send an email to info@washingtonservice.com.Founded in 1970, The Washington Service provides securities professionals with financial, economic and public policy research and data. </div></div>

Paul C. Reilly, Chairman of Raymond James Financial Inc, disclosed changes in ownership through a Form 4 filing with the SEC. On December 15, 2025, he exercised, surrendered, sold, and gifted shares, resulting in a sale of 130,687 shares at $163.15 each, totaling $21.3 million. His ending holdings are 262,544 shares. The transactions include exercising options and surrendering shares to cover costs and taxes.

Chmn Reilly Sells 130,687 ($21.3M) Of Raymond James Financial Inc [RJF]