ST JOE Co — Director's Dealing 2023

Sep 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE Co (JOE)
CIK: 0000745308
Period of Report: 2023-08-31

Reporting Person: BERKOWITZ BRUCE R (Director, 10% Owner)
Reporting Person: FAIRHOLME FUNDS INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-31	Common Stock	J	348267	$0.00	Disposed	19394724	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	606866	Direct

Footnotes

F1: On August 31, 2023, The Fairholme Allocation Fund, a series of Fairholme Funds, Inc., made a final liquidating distribution to its shareholders, which resulted in a transfer of the reported securities from the Fund to a shareholder with an account managed by Fairholme Capital Management, L.L.C. ("Fairholme"). The securities may be deemed to be beneficially owned by Mr. Bruce R. Berkowitz ("Mr. Berkowitz") because he controls the sole member of Fairholme, which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to separate series of a registered investment company and managed accounts.

F2: (Continued from Footnote 1) Mr. Berkowitz and Fairholme disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that Mr. Berkowitz and Fairholme are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: The reported securities are directly owned by Mr. Berkowitz.