Edelson Sam 4

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.