Karr Michael S 4
4 · PACIFIC PREMIER BANCORP INC · Filed Aug 27, 2025
Insider Transaction Report
Form 4
Karr Michael S
SVP Chief Credit Officer
Transactions
- Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−15,480→ 0 total→ PPBI Common Stock (15,480 underlying) - Exercise/Conversion
PPBI Common Stock
2025-08-25+45,184→ 75,841 total - Gift
PPBI Common Stock
2025-08-27−39,216→ 0 total - Exercise/Conversion
PPBI Common Stock
2025-08-25+3,842→ 79,683 total - Tax Payment
PPBI Common Stock
2025-08-25$24.30/sh−40,467$983,348→ 39,216 total - Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−14,051→ 0 total→ PPBI Common Stock (14,051 underlying) - Exercise/Conversion
PPBI Restricted Stock Unit
2025-08-25−15,653→ 0 total→ PPBI Common Stock (15,653 underlying) - Gift
PPBI Common Stock
2025-08-27+39,216→ 127,417 total(indirect: By Trust) - Exercise/Conversion
Dividend Equivalent Rights
2025-08-25−3,842→ 0 total→ PPBI Common Stock (3,842 underlying)
Footnotes (7)
- [F1]Represents the acquisition of 45,184 shares of common stock underlying Restricted Stock Units that were accelerated and fully vested in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2025, by and among Columbia Banking System, Inc. ("Columbia"), Pacific Premier Bancorp, Inc. (the "Issuer") and Balboa Merger Sub, Inc., pursuant to which the Issuer plans to merge with and into Columbia on or about September 1, 2025.
- [F2]Each dividend equivalent right is the economic equivalent of one share of common stock. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units.
- [F3]Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock, restricted stock units and dividend equivalent rights previously issued. The accelerated vesting and the release of stock was in connection with the Merger Agreement.
- [F4]On August 27, 2025, the reporting person transferred 39,216 directly owned shares of Issuer common stock to The Karr Family Revocable Trust dated February 15, 2005 (the "Trust"). The reporting person shares voting and dispositive control over shares held by the Trust.
- [F5]Shares held by the Trust dated February 15, 2005.
- [F6]Each Restricted Stock Unit represents the right to receive one share of common stock. Performance metrics, terms and/or conditions to which these Restricted Stock Units were originally subject were deemed, pursuant to the Merger Agreement, to have been achieved or satisfied, as applicable, at the target levels.
- [F7]Not applicable.