Form 4: First Foundation Director Exits Post-Merger

First Foundation Director Sam Edelson disposed of all common stock and converted restricted stock units following the merger with FirstSun Capital Bancorp.

Summary

• Sam Edelson, a Director of First Foundation Inc. (FFWM), reported a change in beneficial ownership.
• The transaction occurred on April 1, 2026, and involved the disposal of 13,308 shares of Common Stock.
• The disposal was pursuant to the Agreement and Plan of Merger, dated October 27, 2025, between First Foundation Inc. and FirstSun Capital Bancorp ('FirstSun').
• At the effective time of the merger, each share of First Foundation common stock converted into the right to receive 0.16083 shares of FirstSun common stock.
• Cash was paid in lieu of fractional shares as part of the merger terms.
• As a result of the merger, Sam Edelson no longer beneficially owns any shares of First Foundation common stock, directly or indirectly.
• Restricted stock units (RSUs) representing 13,308 shares of First Foundation common stock were assumed by FirstSun and converted into FirstSun restricted stock units based on the same exchange ratio.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to positive event, as it represents the successful completion of a strategic merger. While First Foundation ceases to exist independently, the transaction was planned and executed as expected, providing clarity for investors.

Positives

• The completion of the merger between First Foundation Inc. and FirstSun Capital Bancorp signifies the successful execution of a strategic corporate transaction.
• The conversion of First Foundation shares and restricted stock units into FirstSun securities provides continuity for shareholders and RSU holders within the new combined entity.

Negatives

• First Foundation Inc. ceases to exist as an independent publicly traded entity following the merger, resulting in the delisting of its common stock.

Future Outlook

The filing indicates the successful completion of the merger between First Foundation Inc. and FirstSun Capital Bancorp, transitioning First Foundation's equity into FirstSun's. This concludes First Foundation's independent operations and integrates its assets and liabilities into FirstSun.

Industry Context

StockSavvy.ai notes that this merger reflects a continuing trend of consolidation within the financial services sector, particularly among regional banks and financial institutions. Such mergers are often driven by the pursuit of scale, cost efficiencies, expanded market reach, and enhanced competitive positioning in a challenging economic and regulatory environment.

Stakeholder Impact

• Shareholders of First Foundation Inc. have had their shares converted into FirstSun Capital Bancorp common stock, becoming shareholders of the combined entity.
• Holders of First Foundation restricted stock units have had their awards converted into FirstSun restricted stock units, maintaining their equity incentive interests within the new structure.

Key Dates

Keywords

First Foundation Inc., FFWM, FirstSun Capital Bancorp, Merger, Acquisition, Insider Transaction, Form 4, Director, Common Stock, Restricted Stock Units, Corporate Action