SONENSHINE JACOB 4

What Happened

• Jacob Sonenshine, a director of First Foundation Inc. (FFWM), recorded dispositions of a total of 118,745 shares of FFWM common stock on 2026-04-01. The Form 4 shows two dispositions: 23,863 shares and 94,882 shares, each reported at $0.00 per share (total $0) because the transfers were made pursuant to the Agreement and Plan of Merger with FirstSun Capital Bancorp. At the effective time of the merger, each FFWM share converted into the right to receive 0.16083 shares of FirstSun common stock (cash paid in lieu of fractional shares). As a result, the reporting person no longer beneficially owns any FFWM common stock.

Key Details

• Transaction date: 2026-04-01; transaction type: disposition to issuer under the Merger Agreement (coded D on the Form 4).
• Shares disposed: 23,863 and 94,882 (total 118,745). Price per share reported: $0.00 (conversion under merger); total cash proceeds shown: $0.
• Shares owned after transaction: 0 FFWM shares (reporting person no longer beneficially owns Issuer common stock).
• Footnote F1: Dispositions occurred pursuant to the Merger Agreement; each FFWM share converted to 0.16083 FirstSun shares, with cash for fractional shares.
• Footnote F2: Includes 15,210 restricted stock units that were assumed and converted by FirstSun and then forfeited upon the reporting person’s separation of service at the merger’s effective time.
• Filing: Report filed on 2026-04-01 (period of report 2026-04-01). No late-filing indication in the filing.

Context

• These were not open-market sales for cash but transfer/conversion events tied to a corporate merger. The Form 4 reports $0 because FFWM shares were converted into FirstSun consideration per the merger terms (and fractional-share cash treatment applied).
• For retail investors, this transaction signals completion of the merger mechanics for this insider’s FFWM holdings rather than a routine sale for liquidity or trading.