X0508 4 2026-02-19 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0002021190 Mistarz Cecily 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 0 Common Stock 2026-02-19 4 A 0 1303.0000 0.0000 A 2489.0000 D Common Stock 2026-02-19 4 M 0 1253.0000 0 A 3742.0000 D Common Stock 2026-02-19 4 M 0 250.0000 0 A 3992.0000 D Common Stock 2026-02-19 4 M 0 250.0000 0 A 4242.0000 D Restricted Stock Units 2026-02-19 4 A 0 248.0000 0.0000 A Common Stock 248.0000 2001.0000 D Restricted Stock Units 2026-02-19 4 A 0 248.0000 0.0000 A Common Stock 248.0000 2249.0000 D Restricted Stock Units 2026-02-19 4 M 0 250.0000 0.0000 D Common Stock 250.0000 1999.0000 D Restricted Stock Units 2026-02-19 4 M 0 250.0000 0.0000 D Common Stock 250.0000 1749.0000 D Restricted Stock Units 2026-02-19 4 M 0 1253.0000 0.0000 D Common Stock 1253.0000 496.0000 D Consists of a grant of Deferred Restricted Stock Units ("DRSUs") as part of compensation for service on the registrant's Board of Directors. Upon vesting, the DRSUs convert to the right to receive shares of common stock on a one-to-one basis, together with accrued cash in lieu of dividends. The DRSUs vest at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant. Pursuant to an irrevocable election by the reporting person, settlement of the DRSUs will be deferred following vesting until the second anniversary of the vest date. Includes DRSUs. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends. The award will vest at the date of the next succeeding annual shareholders meeting, but no later than March 15, 2027. The award vested in accordance with its terms, which provided for vesting at the date of the next succeeding annual shareholders meeting following the grant date, but no later than March 15 of the calendar year following grant. This Form 4 reports (i) the acquisition by the reporting person of DRSUs resulting from an annual grant to the registrant's non-executive directors, (ii) a grant of RSUs to non-executive directors of Raymond James Bank, a subsidiary of registrant, (iii) a grant of RSUs to non-executive directors of TriState Capital Bank, a subsidiary of registrant, and (iv) the vesting of RSUs awarded to the reporting person. /s/ Cecily Mistarz by Jonathan J. Doyle as Attorney-in-Fact 2026-02-23