Form 4: First Foundation Officer Disposes Shares Post-Merger

First Foundation President Simone Lagomarsino reported the disposal of all First Foundation shares and restricted stock units following the merger with FirstSun Capital Bancorp.

Summary

• Simone Lagomarsino, President and Director of First Foundation Inc., reported the disposal of all her beneficial ownership in First Foundation securities.
• The transactions occurred on April 1, 2026, pursuant to the Agreement and Plan of Merger dated October 27, 2025, between First Foundation Inc. and FirstSun Capital Bancorp.
• Disposed of 50,002 shares of First Foundation Common Stock held directly.
• Disposed of 121,951 shares of First Foundation Common Stock held indirectly through a Trust.
• Disposed of 14,098 performance-vested Restricted Stock Units (RSUs).
• Each share of First Foundation common stock converted into the right to receive 0.16083 shares of FirstSun common stock.
• All restricted stock units were assumed by FirstSun and converted, but subsequently forfeited upon Simone Lagomarsino's separation of service at the effective time of the merger.
• Simone Lagomarsino 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, primarily reporting the administrative closure of a previously announced merger for an insider. The forfeiture of RSUs is a negative for the individual, but the merger itself is a corporate strategic event.

Positives

• The completion of the merger with FirstSun Capital Bancorp, as outlined in the October 27, 2025, Merger Agreement, signifies the successful execution of a strategic corporate action.

Negatives

• Reporting person Simone Lagomarsino forfeited all 14,098 restricted stock units upon separation of service at the effective time of the merger.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that mergers and acquisitions are common in the financial services sector, often driven by consolidation, market expansion, or efficiency gains. This transaction reflects the ongoing trend of smaller banks or financial institutions being acquired by larger entities to enhance scale and competitive positioning.

Comparison to Industry Standards

• The exchange ratio of 0.16083 shares of FirstSun common stock for each First Foundation share is a specific deal term, which would have been negotiated based on market valuations and strategic considerations at the time of the merger agreement.
• The forfeiture of RSUs upon separation of service is a standard clause in many equity incentive plans, particularly when an executive departs following a change of control event.

Management Changes

Stakeholder Impact

• Shareholders of First Foundation Inc. received shares of FirstSun Capital Bancorp, completing the merger transaction.
• Key executive Simone Lagomarsino separated from service at the effective time of the merger, resulting in the forfeiture of restricted stock units. This indicates a change in leadership for the acquired entity's former management.

Key Dates

Keywords

First Foundation, FFWM, FirstSun Capital Bancorp, Merger, Form 4, Insider Transaction, Stock Disposal, Restricted Stock Units, Corporate Governance