Raymond James Wealth Management Ltd — Director's Dealing 2025

Dec 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYMOND JAMES FINANCIAL INC (RJF)
CIK: 0000720005
Period of Report: 2025-11-30

Reporting Person: Curtis Scott A (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-30	Common Stock	M	1500.0000	—	Acquired	167626.0000	Direct
2025-11-30	Common Stock	M	1264.0000	—	Acquired	168890.0000	Direct
2025-11-30	Common Stock	F	406.0000	$156.5400	Disposed	168484.0000	Direct
2025-11-30	Common Stock	F	482.0000	$156.5400	Disposed	168002.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-30	Restricted Stock Units	$	M	1500.0000	Disposed	2025-11-30	Common Stock (1500.0000)	Direct
2025-11-30	Restricted Stock Units	$	M	1264.0000	Disposed	2026-11-30	Common Stock (1264.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4190.0000	Indirect

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.

F2: Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 24, 2025.

F3: RSUs vested 60% on 11/30/2023, 20% on 11/30/2024, and 20% on 11/30/2025.

F4: RSUs vested 60% on 11/30/2024, 20% on 11/30/2025, and will vest 20% on 11/30/2026.