Form 4: First Foundation Inc. Executive John Hakopian Reports Stock Transactions
SEC Form 4 Filing
John Hakopian, President of First Foundation Advisors, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 28, 2025, John Hakopian, President of First Foundation Advisors (FFA), reported transactions involving First Foundation Inc. (FFWM) stock.
- Hakopian acquired 653 shares of common stock at a price of $5.09 through the vesting of restricted stock units.
- He also disposed of 193 shares of common stock.
- Following these transactions, Hakopian directly owns 96,055 shares of common stock and indirectly owns 620,842 shares through a family trust.
- The reported transactions also involved the vesting of 653 restricted stock units, which convert into common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Vesting date for restricted stock units. |
| 02/28/2024 | Vesting date for restricted stock units. |
| 02/28/2025 | Date of stock transactions and vesting of restricted stock units. |
| 03/03/2025 | Date of signature for the report. |
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