Form 4: Director Sells All First Foundation Shares Post-Merger

First Foundation Inc. director Elizabeth A. Pagliarini disposed of all her common stock holdings following the merger with FirstSun Capital Bancorp.

Summary

• Elizabeth A. Pagliarini, a Director of First Foundation Inc. (FFWM), disposed of all her beneficial ownership in FFWM common stock on April 1, 2026.
• The disposition was pursuant to the Agreement and Plan of Merger, dated October 27, 2025, between First Foundation Inc. and FirstSun Capital Bancorp.
• At the effective time of the merger, each share of First Foundation Inc. common stock converted into the right to receive 0.16083 shares of FirstSun common stock, with cash paid in lieu of fractional shares.
• Ms. Pagliarini directly disposed of 21,961 shares of common stock.
• She indirectly disposed of 22,956 shares held by a Trust and 7,143 shares held by her Spouse.
• Following these transactions, Ms. Pagliarini no longer beneficially owns any shares of First Foundation Inc. common stock.
• Restricted Stock Units (RSUs) for 13,308 shares of First Foundation Inc. common stock were assumed by FirstSun and converted into FirstSun RSUs based on the exchange ratio.
• However, all converted restricted stock units were forfeited upon Ms. Pagliarini's separation of service at the effective time of the merger.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as Form 4s primarily serve as mandatory disclosures of insider transactions, not indicators of company performance or strategic shifts beyond the reported transaction itself.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports a completed insider transaction resulting from a merger.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard post-merger disclosures, reflecting changes in insider ownership as a result of corporate actions. This specific filing indicates the finalization of the First Foundation Inc. and FirstSun Capital Bancorp merger and the subsequent adjustment of insider holdings.

Management Changes

Stakeholder Impact

• Shareholders of First Foundation Inc. received shares of FirstSun Capital Bancorp common stock based on the 0.16083 exchange ratio.
• The reporting person, a former director of First Foundation Inc., no longer holds any shares in the merged entity.

Key Dates

Keywords

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