HAKOPIAN JOHN 4

What Happened
John Hakopian, President of First Foundation Inc. (FFWM), had 2,349 restricted stock units (RSUs) vest on February 18, 2026. To satisfy the related tax withholding, 755 shares were delivered (disposed) at $6.24 per share, a withholding value of $4,711. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-18. Price: $6.24 per share. Shares withheld/disposed: 755. Total value: $4,711.
• Nature: Tax withholding upon RSU vesting (reported as code F) — routine disposition to cover tax liability.
• Footnotes: F1 confirms the withholding was in connection with vesting of 2,349 RSUs on Feb 18, 2026. F2 notes the filing “includes 482 shares of common stock not previously reported.”
• Shares owned after transaction: not specified in the excerpt provided.
• Filing: Report filed with accession date 2026-02-23 for a 2026-02-18 transaction (Form 4s are typically due within two business days), so this filing appears later than the usual two-business-day deadline.

Context
Delivering shares to cover taxes on vested RSUs is a common, administrative transaction and does not necessarily signal a buy or sell decision in the market. This was not an exercise followed by an immediate open-market sale (cashless exercise) but a tax withholding related to RSU vesting (disposition code F).