Form 4: Director Max Briggs Exits First Foundation Post-Merger

First Foundation Inc. Director Max Briggs disposed of all his common stock and forfeited restricted stock units following the merger with FirstSun Capital Bancorp.

Summary

• Max Briggs, a Director of First Foundation Inc., reported the disposition of all his beneficial ownership in the company.
• The transactions occurred on April 1, 2026, pursuant to the Agreement and Plan of Merger dated October 27, 2025, between First Foundation Inc. and FirstSun Capital Bancorp.
• Briggs disposed of 39,004 shares directly, 46,072 shares indirectly through a Family Trust, and 6,000 shares indirectly through his spouse, totaling 91,076 shares.
• Each share of First Foundation common stock was converted into 0.16083 shares of FirstSun common stock.
• Restricted stock units for 15,210 shares of First Foundation common stock were forfeited upon Briggs' separation of service at the effective time of the merger, despite initially being assumed and converted by FirstSun.
• Following these transactions, Max Briggs no longer beneficially owns any shares of First Foundation Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a procedural filing reporting the expected outcome of a previously announced merger, with no new operational or financial information about the company.

Negatives

• The forfeiture of 15,210 restricted stock units by a director upon separation of service at the merger's effective time.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this Form 4 filing reflects the finalization of a corporate merger, a common event in the financial services sector as companies seek scale or strategic alignment. The disposition of shares by a director is a standard procedural outcome when a company is acquired and its shares are exchanged for those of the acquiring entity.

Management Changes

Stakeholder Impact

• Shareholders of First Foundation Inc. received shares of FirstSun Capital Bancorp based on the exchange ratio, as expected from the merger agreement.
• Max Briggs, as a director, no longer holds shares in the acquired entity and separated from service.

Key Dates

Keywords

First Foundation Inc., FFWM, FirstSun Capital Bancorp, Merger, Insider Trading, Form 4, Director, Stock Disposition, Restricted Stock Units, Corporate Action