X0508 4 2025-12-02 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001601145 Elwyn Tashtego S 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 President, PCG 0 Common Stock 2025-12-02 4 A 0 5429.0000 0.0000 A 38931.0000 D Common Stock 7492.0000 I ESOP Common Stock 75.0000 I UTMA Custodian for Daughter Common Stock 75.0000 I UTMA Custodian for Son Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2022. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 24, 2025. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. This Form 4 reports the acquisition by the reporting person of common stock resulting from the vesting of Restricted Stock Units (RSUs) granted on 12/15/2022 based on the company's attaining certain levels of average after-tax return-on-equity, as modified by the company's relative total shareholder return compared to a peer group, over a three-year measurement period. /s/ Tashtego S. Elwyn by Jonathan J. Doyle as Attorney-in-Fact 2025-12-04