Form 4: First Foundation Director Disposes Shares Post-Merger

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

Summary

• Jacob Sonenshine, a Director of First Foundation Inc. (FFWM), reported changes in his beneficial ownership.
• The transactions occurred on April 1, 2026, as a direct result of the Agreement and Plan of Merger, dated October 27, 2025, between First Foundation Inc. and FirstSun Capital Bancorp.
• Sonenshine disposed of 23,863 shares of First Foundation Inc. Common Stock held directly.
• An additional 94,882 shares of First Foundation Inc. Common Stock, held indirectly through a Family Trust, were also disposed of.
• Each share of First Foundation Inc. common stock was converted into the right to receive 0.16083 shares of FirstSun Capital Bancorp common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares.
• Restricted stock units (RSUs) representing 15,210 shares of First Foundation Inc. common stock were assumed by FirstSun Capital Bancorp and converted based on the Exchange Ratio.
• Upon Sonenshine's separation of service at the effective time of the merger, all converted restricted stock units were forfeited.
• As a consequence of the merger, Sonenshine no longer beneficially owns, directly or indirectly, any shares of First Foundation Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a mandatory disclosure of an insider's change in beneficial ownership due to a completed merger, rather than an operational or financial performance update.

Negatives

• Jacob Sonenshine forfeited restricted stock units representing 15,210 shares of First Foundation Inc. common stock upon his separation of service at the effective time of the merger.

Future Outlook

This filing reports a completed transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insiders following significant corporate events, such as mergers. This specific filing reflects the finalization of the First Foundation Inc. and FirstSun Capital Bancorp merger, a common consolidation trend observed within the financial services sector.

Management Changes

Stakeholder Impact

• Shareholders of First Foundation Inc. received shares of FirstSun Capital Bancorp common stock (or cash in lieu of fractional shares) as a result of the merger.
• Jacob Sonenshine, as a former director, no longer holds shares in the acquired entity, First Foundation Inc.

Key Dates

Keywords

First Foundation Inc., FFWM, FirstSun Capital Bancorp, Merger, Form 4, Insider Transaction, Beneficial Ownership, Jacob Sonenshine, Director, Stock Disposal, Restricted Stock Units