PAGLIARINI ELIZABETH A. 4

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.