Raymond James Financial (RJF)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-28 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: RAYMOND JAMES FINANCIAL INC (RJF) CIK: 0000720005 --- Reporting Owner --- Name: Elwyn Tashtego S CIK: 0001601145 Role: Officer (President, PCG) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-07-28 | Code: S (Open market sale) Shares: -10,000 | Price: $176.06 Total Value: $1,760,552.00 Shares Owned After: 45,114 | 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 $176.00 to $176.17. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F3] Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through July 28, 2026. [Holding #2] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. [Holding #3] Security: Common Stock Ownership: I (Indirect) Footnotes: [F4] The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. --- 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 $176.00 to $176.17. F3: Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through July 28, 2026. F4: The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. --- Signature --- /s/ /s/ Tashtego S. Elwyn by Jonathan J. Doyle as Attorney-in-Fact (2026-07-29)