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
Jul 10, 2026
Reporting period
Not applicable
Filed with the SEC
Jul 13, 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
0001193125-26-301384
Filed / recorded
Jul 13, 2026, 2:10 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
Jul 10, 2026
Transaction code
M
Shares / units
3,769,500
Acquired / disposed
Acquired (A)
Shares owned after
40,579,081
Ownership form
Indirect — See footnotes
Amendment
No
Footnotes from the filing
Pursuant to the terms of that certain Amended and Restated Exchange Agreement, dated as of September 19, 2025 (the "A&R Exchange Agreement"), by and between the Issuer and Sumitomo Mitsui Banking Corporation ("SMBC"), a direct, wholly-owned subsidiary of the Reporting Person, SMBC has the right to exchange its shares of common stock of the Issuer for shares of non-voting common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications.
SMBC's right under the A&R Exchange Agreement to exchange shares of common stock of the Issuer for shares of non-voting stock of the Issuer will expire on the earliest to occur of (i) September 19, 2026 (or such later date as agreed between SMBC and the Issuer), (ii) the date on which a certain business alliance between the Reporting Person and its affiliates and the Issuer and its affiliates is terminated and (iii) the date on which an aggregate of 14,132,500 shares of common stock of the Issuer have (following September 19, 2025) been exchanged for either shares of non-voting common stock of the Issuer or shares of non-voting series B-1 preferred stock of Issuer pursuant to the A&R Exchange Agreement.
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.
