HAKOPIAN JOHN 4

What Happened
John Hakopian, President of First Foundation (FFWM), reported dispositions on April 1, 2026 related to the merger of First Foundation into FirstSun Capital Bancorp. The filing shows dispositions of 82,554 and 620,842 shares of FFWM common stock (total 703,396 shares) at $0.00 per share and a related derivative entry of 5,287 units at $0.00. Under the Merger Agreement, each FFWM share converted into the right to receive 0.16083 shares of FirstSun common stock (with cash paid in lieu of fractional shares). The filing states Hakopian no longer beneficially owns any FFWM common stock.

Key Details

• Transaction date: April 1, 2026; reported price: $0.00 per share (conversion under merger).
• Shares disposed: 82,554 and 620,842 FFWM common shares (703,396 total). Derivative line: 5,287 units (RSU-related conversion).
• Shares owned after transaction: 0 FFWM common shares (reporting person no longer beneficially owns FFWM common stock).
• Notable footnotes: Merger Agreement dated Oct 27, 2025; Exchange Ratio = 0.16083 FirstSun shares per FFWM share; restricted stock units (including 4,700 RSUs noted) and performance RSUs were assumed and converted into FirstSun RSUs per the exchange ratio; cash paid for fractional shares.
• Filing timeliness: Reported with the Form 4 dated April 1, 2026 (no late filing indicated in the report).

Context
This was not an open-market sale but a corporate conversion due to a merger—FFWM shares were exchanged for FirstSun consideration under the merger terms. Restricted and performance-based RSUs were assumed and converted into FirstSun RSUs and remain subject to their original vesting/performance conditions as noted in the filing. The Form 4 reports the mechanics of the merger conversion rather than a market trade or cash proceeds.