SCHEDULE: FMR LLC Discloses 5.9% Stake in First Foundation Inc.
Beneficial Ownership Report (Amendment)
FMR LLC and Abigail P. Johnson have reported beneficial ownership of 5.9% of First Foundation Inc.'s common stock as of June 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson filed an Amendment No. 6 to Schedule 13G, reporting beneficial ownership of common stock in FIRST FOUNDATION INC.
- As of June 30, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 4,900,497.75 shares of FIRST FOUNDATION INC. common stock.
- This aggregate amount represents 5.9% of the total outstanding common stock of FIRST FOUNDATION INC.
- FMR LLC holds sole voting power over 4,899,285.00 shares and sole dispositive power over 4,900,497.75 shares.
- Abigail P. Johnson holds sole dispositive power over 4,900,497.75 shares, with no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC.
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power.
- The Johnson family group and all other Series B shareholders have a voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares.
- Through their ownership and the voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.
Industry Context
NA
Related Party Transactions
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares (49% voting power) and have a voting agreement, which may deem them to form a controlling group with respect to FMR LLC.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake by FMR LLC and Abigail P. Johnson provides transparency regarding the ownership structure of First Foundation Inc.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Effective date of Power of Attorney for FMR LLC and Abigail P. Johnson. |
| 08/08/2023 | Date of previous Schedule 13G filing by FMR LLC where the Power of Attorney was incorporated by reference. |
| 06/30/2025 | Date of event which required the filing of this statement (ownership threshold crossed). |
| 08/05/2025 | Signature date of the Schedule 13G filing. |
Keywords
First Foundation Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional ownership
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