LAGOMARSINO SIMONE 4

What Happened

• Simone Lagomarsino, President and Director of First Foundation Inc. (FFWM), delivered 2,579 shares to cover tax withholding related to the vesting of 6,265 restricted stock units (RSUs) on February 18, 2026.
• The shares were valued at $6.24 each, for a total of $16,093. This transaction is reported under code F (tax withholding), not a market sale.

Key Details

• Transaction date: February 18, 2026; Report filed: February 20, 2026 (filed within the normal 2-business-day Form 4 window).
• Price reported: $6.24 per share; Shares delivered (disposed): 2,579; Total value: $16,093.
• Footnote: The shares were delivered to satisfy tax liability on the vesting of 6,265 RSUs. That implies 3,686 net shares were retained from the vesting (6,265 vested − 2,579 withheld).
• Shares owned after transaction: not explicitly stated in the filing.
• Transaction code: F = payment of tax liability by delivering shares (routine, not an open-market sale).

Context

• Delivering shares to cover taxes when RSUs vest is a common administrative action (a form of “cashless” tax withholding) and should not be interpreted as an intentional sale or directional bet by the insider.
• For retail investors, outright purchases or open-market sales by insiders often carry clearer signals; tax-withholding dispositions are generally routine.