Edelson Sam 4
4 · First Foundation Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
First Foundation (FFWM) Director Sam Edelson Disposes 13,308 Shares
What Happened
- Sam Edelson, a director of First Foundation Inc. (FFWM), recorded a disposition of 13,308 shares on 2026-04-01. The transaction is reported as a disposition to the issuer with a $0.00 per-share sale price because the shares were converted under the Merger Agreement with FirstSun Capital Bancorp rather than sold for cash. As a result, Edelson no longer beneficially owns any shares of First Foundation common stock.
Key Details
- Transaction date: 2026-04-01 (reported same day)
- Transaction type/code: Disposition to issuer (D) — conversion under the Merger Agreement
- Shares disposed: 13,308; Reported price: $0.00; Reported value: $0
- Shares owned after transaction: 0 shares of First Foundation common stock (per filing)
- Merger terms: Each First Foundation share converted into the right to receive 0.16083 shares of FirstSun common stock; cash paid in lieu of fractional shares (Footnote F1)
- Restricted stock units: The 13,308 shares include RSUs that were assumed and converted by FirstSun into RSUs for a number of FirstSun shares equal to the issuer shares × 0.16083 (Footnote F2)
- Filing timeliness: No late filing indicator noted in the reported Form 4
Context
- This was not an open-market sale but a corporate-action conversion tied to the merger; the $0.00 per-share figure reflects conversion into FirstSun stock (and cash for fractional shares), not a cash sale. For First Foundation investors, this indicates insiders’ issuer-held equity was converted as part of the merger, not a trading decision by the director.
Insider Transaction Report
Form 4Exit
Edelson Sam
Director
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-04-01−13,308→ 0 total
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.
Signature
/s/ Bruno Carrijo, attorney in fact for Sam Edelson|2026-04-01