4/A: First Foundation Inc. CEO Corrects Beneficial Ownership Report
SEC Filing (Form 4/A)
Scott F. Kavanaugh, CEO of First Foundation Inc., files an amended Form 4 to correct an omission in a previously filed report regarding indirectly beneficially owned securities.
Summary
- Scott F. Kavanaugh, the CEO of First Foundation Inc. [FFWM], filed an amended Form 4 with the SEC on November 8, 2024.
- The amendment corrects an omission in a previous Form 4 filed on October 24, 2024, which inadvertently excluded securities previously reported as indirectly beneficially owned.
- The corrected filing includes all common stock both directly and indirectly beneficially owned by Kavanaugh.
- Kavanaugh directly owns 174,330 shares of common stock.
- Kavanaugh indirectly owns 1,291,529 shares of common stock through a family trust.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction ensures accurate reporting, which is a positive aspect of corporate governance.
Industry Context
This filing is a routine disclosure related to insider ownership and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The correction of the filing ensures that shareholders and potential investors have accurate information regarding the beneficial ownership of First Foundation Inc.'s stock.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Date of Earliest Transaction |
| 10/24/2024 | Date of Original Filed (Form 4 which was amended) |
| 10/24/2024 | Date of omission of securities previously reported as indirectly beneficially owned |
| 11/08/2024 | Date of Amended Filing (Form 4/A) |
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