Britton James 4

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.