PAGLIARINI ELIZABETH A. 4

4 · First Foundation Inc. · Filed Apr 1, 2026

AI-generated summary of this filing

Updated Apr 1, 2026

First Foundation (FFWM) Director Elizabeth Pagliarini Sells Shares

What Happened

Elizabeth A. Pagliarini, a director of First Foundation Inc. (FFWM), reported dispositions totaling 52,060 shares of First Foundation common stock on April 1, 2026. The transactions were recorded as dispositions to the issuer at $0.00 per share because they occurred pursuant to the Merger Agreement with FirstSun Capital Bancorp; each FFWM share converted into the right to receive 0.16083 shares of FirstSun common stock (with cash paid for fractional shares). As a result of the merger, the reporting person no longer beneficially owns any First Foundation common stock.

Key Details

Transaction date: 2026-04-01 (filed 2026-04-01).
Dispositions reported: 21,961; 22,956; and 7,143 shares (total 52,060). Reported price: $0.00 per share (conversion under merger terms, not an open-market sale).
Shares owned after transaction: 0 shares of First Foundation common stock.
Notable footnotes: RSUs covering 13,308 issuer shares were assumed by FirstSun and converted using the same exchange ratio, then forfeited upon the reporting person’s separation of service at the merger effective time.
Timeliness: Filing matches the period date (no late filing indicated).

Context

These are merger-related dispositions (conversion/settlement) rather than ordinary insider sales for cash; proceeds are reflected via conversion to FirstSun stock and cash for fractional shares per the Merger Agreement. For retail investors, this transaction is corporate-action driven and does not, by itself, signal a voluntary insider sale for liquidity or sentiment.

Form 4Exit

Period: 2026-04-01

Director

Transactions

Disposition to Issuer
Common Stock
[F1][F2]
2026-04-01−21,961→ 0 total
Disposition to Issuer
Common Stock
[F1]
2026-04-01−22,956→ 0 total(indirect: By Trust)
Disposition to Issuer
Common Stock
[F1]
2026-04-01−7,143→ 0 total(indirect: By Spouse)

Footnotes (2)

[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 13,308 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.

Signature

/s/ Bruno Carrijo, attorney in fact for Elizabeth A. Pagliarini|2026-04-01

1 file