Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Jun 30, 2026
Reporting period
Not applicable
Filed with the SEC
Jul 2, 2026
DirectorIndirect holdingOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001193125-26-293480
Filed / recorded
Jul 2, 2026, 3:54 PM UTC
Added to OQRO
Oct 6, 2026, 7:59 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Jefferies Financial Group Inc.
Issuer CIK
96223
Ticker
JEF
Reporting person
SUMITOMO MITSUI FINANCIAL GROUP, INC.
Relationship
Director
Security
Non-Voting Common Stock
Table
Non-derivative (Table I)
Transaction date
Jun 30, 2026
Transaction code
M
Shares / units
27,562,500
Acquired / disposed
Acquired (A)
Shares owned after
36,809,581
Ownership form
Indirect — See Footnotes
Amendment
No
Footnotes from the filing
Reflects shares of Series B Non-Voting Convertible Preferred Shares that would have automatically converted into non-voting common stock of the Issuer on the third anniversary of the date of issuance (and may have converted into voting common stock in certain other circumstances described in the Exchange Agreement between the Issuer and the Reporting Person). Upon conversion, each share of Series B Non-Voting Convertible Preferred Shares would convert into 500 shares of the applicable class of common stock of the Issuer, subject to certain adjustments as set forth in the Restated Certificate of Incorporation of the Issuer (the "Charter"). The Series B Non-Voting Convertible Preferred Shares had no expiration date. Pursuant to the express terms of Article Seventh, Section 3(a)(i) of the Charter, each issued and outstanding share of Series B Non-Voting Convertible Preferred Shares was converted into 500 shares of Non-Voting Common Stock on June 30, 2026 for no consideration.
The reported securities are held directly by SMBC, a wholly-owned subsidiary of the Reporting Person.
The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of its pecuniary interest therein.
