BRIGGS MAX 4

What Happened
Max Briggs, a director of First Foundation Inc. (FFWM), reported dispositions of a total of 91,076 shares of First Foundation common stock on 2026-04-01. The filing shows three dispositions to the issuer (code D): 39,004 shares, 46,072 shares, and 6,000 shares, each reported at $0.00 per share (no cash proceeds). Under the Merger Agreement with FirstSun Capital Bancorp, each First Foundation share converted into the right to receive 0.16083 shares of FirstSun common stock (with cash paid in lieu of any fractional shares). As a result of the merger and related forfeitures, Mr. Briggs no longer beneficially owns any First Foundation common stock.

Key Details

• Transaction date: 2026-04-01 (filed same day). Transaction code: D (Disposition to issuer).
• Reported entries: 39,004 @ $0.00; 46,072 @ $0.00; 6,000 @ $0.00 — total 91,076 shares disposed.
• Shares owned after transaction: 0 shares of First Foundation common stock (reporting person no longer beneficial owner).
• Notable footnotes: Merger Agreement dated Oct 27, 2025; exchange ratio = 0.16083 FirstSun shares per First Foundation share; cash paid in lieu of fractional shares. Includes 15,210 underlying restricted stock units that were converted/assumed by FirstSun and then forfeited upon Mr. Briggs’s separation of service.
• Filing timeliness: Form 4 filed the same day as the reported transactions; no late filing flag.

Context — what this means for investors:
This activity is merger-related corporate action, not an open-market sale for cash. Most disposed shares were converted into FirstSun shares per the merger terms (91,076 First Foundation shares would equate to roughly 14,648 FirstSun shares at the 0.16083 ratio), while the RSUs noted in the filing were assumed and subsequently forfeited on separation. Because these are disposition/ merger mechanics (code D) rather than voluntary sales, they should not be read as a straightforward insider sell signal.