Doyle Jonathan J 4
4 · PIPER SANDLER COMPANIES · Filed May 6, 2026
Research Summary
AI-generated summary of this filing
Piper Sandler (PIPR) Director Jonathan J. Doyle Sells 90,000 Shares
What Happened
Jonathan J. Doyle, Head of the Financial Services Group and a director at Piper Sandler (PIPR), sold a total of 90,000 shares in open-market transactions on May 4–5, 2026 for aggregate proceeds of approximately $7.096 million. The reported tranches were:
- 19,296 shares @ $76.78 = $1,481,547 (sold across $76.22–$77.21)
- 25,404 shares @ $77.54 = $1,969,826 (sold across $77.23–$78.18)
- 300 shares @ $78.25 = $23,475 (sold across $78.245–$78.25)
- 6,100 shares @ $79.24 = $483,364 (sold across $78.87–$79.66)
- 38,600 shares @ $80.66 = $3,113,476 (sold across $80.0737–$81.04)
- 300 shares @ $81.08 = $24,324 (sold across $81.0749–$81.08)
Key Details
- Transaction dates: May 4–5, 2026; Form 4 filed May 6, 2026 (timely filing).
- Total shares sold: 90,000; total proceeds: ≈ $7.096M.
- Reported prices are weighted averages; individual trades occurred across the price ranges listed above (filing notes offer full breakdown on request).
- Transaction type: S (Sale) — open market/private sale.
- Shares owned after the transactions: not disclosed in the provided filing details.
- No 10b5‑1 plan, gift, exercise or tax-withholding specifics were disclosed in the provided footnotes.
Context
These were outright sales by an insider (not an award, exercise or gift). Sales provide liquidity for the insider and do not, by themselves, prove a change in the insider’s view of the company. Purchases tend to be considered a stronger signal of insider conviction than routine sales.
Insider Transaction Report
Form 4
Doyle Jonathan J
DirectorHd of Financial Services Group
Transactions
- Sale
Common Stock
[F1]2026-05-04$76.78/sh−19,296$1,481,547→ 548,388 total - Sale
Common Stock
[F2]2026-05-04$77.54/sh−25,404$1,969,826→ 522,984 total - Sale
Common Stock
[F3]2026-05-04$78.25/sh−300$23,475→ 522,684 total - Sale
Common Stock
[F4]2026-05-05$79.24/sh−6,100$483,364→ 516,584 total - Sale
Common Stock
[F5]2026-05-05$80.66/sh−38,600$3,113,476→ 477,984 total - Sale
Common Stock
[F6]2026-05-05$81.08/sh−300$24,324→ 477,684 total
Footnotes (6)
- [F1]The price reported in Column 4 for all transactions on this report is a weighted average price. The shares sold in footnotes (1) through (6) were sold in multiple transactions at the price ranges provided in footnotes (1) through (6). These shares in footnote (1) were sold in multiple transactions at prices ranging from $76.2200 to $77.2100 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in footnotes (1) through (6) upon request by the SEC staff, the issuer or any shareholder of the issuer.
- [F2]These shares were sold in multiple transactions at prices ranging from $77.2300 to $78.1800 inclusive.
- [F3]These shares were sold in multiple transactions at prices ranging from $78.2450 to $78.2500 inclusive.
- [F4]These shares were sold in multiple transactions at prices ranging from $78.8700 to $79.6600 inclusive.
- [F5]These shares were sold in multiple transactions at prices ranging from $80.0737 to $81.0400 inclusive.
- [F6]These shares were sold in multiple transactions at prices ranging from $81.0749 to $81.0800 inclusive.
Signature
/s/ James Grant for Jonathan J. Doyle|2026-05-06