X0306 4 2016-09-14 1 0001393726 TIPTREE FINANCIAL INC. TIPT 0000110097 NOMURA SECURITIES CO LTD 1-9-1 NIHONBASHI CHUO-KU TOKYO M0 103-8011 JAPAN 0 0 1 0 0001163653 NOMURA HOLDINGS INC 1-9-1 NIHONBASHI CHUO-KU TOKYO M0 103-8645 JAPAN 0 0 1 0 Class A Common Stock 2016-09-14 4 S 0 1000000 6.15 D 2273701 D The 1,000,000 of the shares of Class A Common Stock, par value $0.001 per share ("Common Stock"), of Tiptree Financial Inc. (the "Company") whose disposition is being reported in this Form 4 were previously owned by Nomura Securities Co., Ltd. (the "Sellers"). Pursuant to that Stock Purchase Agreement, dated as of September 14, 2016 (the "Purchase Agreement"), by and among the Company, Caroline Holdings LLC, a Delaware limited liability company (the "Buyer") and Tiptree Financial Inc. with the Sellers, the Sellers sold to the Buyer and the Buyer purchased from the Sellers, 1,000,000 shares of Common Stock for an aggregate purchase price of $6,150,000. /s/ Yasuo Kashiwagi 2016-09-14