On May 12, 2026, two significant insiders at ST JOE Co (JOE) executed substantial share sales, collectively offloading approximately $11.43 million worth of stock. Funds Inc Fairholme and Bruce R. Berkowitz, both 10% owners of the company, each sold 86,500 shares at a price of $66.09 per share.
These transactions add to a series of sales by these insiders in early May. While individual insider stock sales can be attributed to various factors such as portfolio diversification, tax obligations, or personal liquidity requirements, a pattern of multiple insiders selling shares can sometimes draw increased investor scrutiny.
ST JOE Co, a real estate development company, has seen various insider transactions in the preceding days. The cumulative sales from Funds Inc Fairholme and Bruce R. Berkowitz over the past week represent a notable divestment from their holdings in the company.