Raymond James Financial (RJF)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-27 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: RAYMOND JAMES FINANCIAL INC (RJF) CIK: 0000720005 --- Reporting Owner --- Name: Raney Steven M CIK: 0001422342 Role: Officer (Executive Chair RJBank) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-07-27 | Code: S (Open market sale) Shares: -5,770 | Price: $172.97 Total Value: $998,032.86 Shares Owned After: 43,046 | Ownership: D (Direct) Footnotes: [F1] The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. [F2] Reflects the weighted average sale price. The range of prices for such transaction was $172.83 to $173.13. [F3] Includes 40 shares of common stock acquired on March 3, 2026 and 43 shares of common stock acquired on June 2, 2026 pursuant to the registrant's Employee Stock Purchase Plan. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through July 27, 2026. --- Footnotes (Complete Index) --- F1: The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. F2: Reflects the weighted average sale price. The range of prices for such transaction was $172.83 to $173.13. F3: Includes 40 shares of common stock acquired on March 3, 2026 and 43 shares of common stock acquired on June 2, 2026 pursuant to the registrant's Employee Stock Purchase Plan. F4: Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through July 27, 2026. --- Signature --- /s/ /s/ Steven M. Raney by Jonathan J. Doyle as Attorney-in-Fact (2026-07-28)