Britton James 4
4 · First Foundation Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
First Foundation (FFWM) CFO Britton James Disposes Shares in Merger
What Happened
- Britton James, Chief Financial Officer of First Foundation Inc. (FFWM), reported dispositions tied to the company’s merger with FirstSun Capital Bancorp. The Form 4 shows 59,223 issuer common shares and 21,147 derivative shares reported as disposed on 2026-04-01 (total 80,370 shares) at a reported price of $0.00.
- The zero price reflects the merger conversion mechanics: each FFWM share converted into the right to receive 0.16083 shares of FirstSun common stock (cash paid for fractional shares). The filing states the reporting person no longer beneficially owns any FFWM common stock after the merger.
Key Details
- Transaction date: 2026-04-01. Reported price: $0.00 (conversion under merger terms).
- Shares reported: 59,223 (issuer shares) + 21,147 (derivative) = 80,370 total disposed.
- Shares owned after transaction: 0 (reporting person no longer beneficially owns FFWM common stock).
- Relevant footnotes: F1 — dispositions pursuant to the Merger Agreement and conversion at an Exchange Ratio of 0.16083; F2 — restricted stock units (per footnote, 22,796 RSU-related shares) were assumed and converted by FirstSun but forfeited upon the reporting person’s separation; F3 — performance-vested RSUs were likewise converted and forfeited upon separation.
- Filing timeliness: Reported on 2026-04-01 for transactions on 2026-04-01 (filed contemporaneously).
Context
- This is a merger-related disposition/conversion, not an open-market sale or purchase; the $0.00 reporting reflects share-for-share conversion (and RSU treatment), not lack of value. Such merger-driven filings are typically routine corporate actions and do not necessarily reflect the insider’s trading view.
- The derivative entries relate to restricted stock units that were assumed and then forfeited per the merger terms and the CFO’s separation of service.
Insider Transaction Report
Form 4Exit
Britton James
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-04-01−59,223→ 0 total - Disposition to Issuer
Restricted Stock Unit
[F3]2026-04-01+21,147→ 0 total→ Common Stock (21,147 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated October 27, 2025 (the "Merger Agreement"), by and between the Issuer and FirstSun Capital Bancorp ("FirstSun"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 0.16083 shares of FirstSun common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
- [F2]Includes restricted stock units with respect to 22,796 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units were assumed by FirstSun and converted into restricted stock units with respect to a number of shares of FirstSun common stock equal to the number of issuer shares underlying the restricted stock unit multiplied by the Exchange Ratio. Upon the reporting person's separation of service at the effective time of the merger, all restricted stock units were forfeited.
- [F3]Performance-vested RSUs under Issuer's 2024 Equity Incentive Plan, in each case subject to continuous employment and subject to the achievement of certain performance criteria and strategic goals. Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units were assumed by FirstSun and converted into restricted stock units with respect to a number of shares of FirstSun common stock equal to the number of issuer shares underlying the restricted stock unit multiplied by the Exchange Ratio. Upon the reporting person's separation of service at the effective time of the merger, all such restricted stock units were forfeited.
Signature
/s/ James Britton|2026-04-01