On May 7, 2026, four insiders at ST JOE Co (JOE) sold shares totaling approximately $46.41 million. The transactions involved Funds Inc Fairholme and Bruce R. Berkowitz, both 10% owners of the company.
Specifically, Funds Inc Fairholme sold a combined 352,800 shares across multiple transactions, realizing approximately $23.21 million. Bruce R. Berkowitz also sold a combined 352,800 shares, generating roughly $23.21 million. All sales occurred at a price of $65.78 per share.
While insider selling can be attributed to various personal financial strategies such as diversification or tax planning, the concentrated nature of these sales by multiple significant stakeholders may attract investor attention.