Form 4: Director Sells PPBI Shares Post-Merger with Columbia

Pacific Premier Bancorp Director George M. Pereira disposed of 12,160 shares of common stock following the company's merger into Columbia Banking System.

Summary

• George M. Pereira, a Director of Pacific Premier Bancorp Inc. (PPBI), reported the disposition of 12,160 shares of PPBI Common Stock.
• The transaction occurred on August 31, 2025, coinciding with the effective time of the merger between Pacific Premier Bancorp and Columbia Banking System, Inc.
• Each share of PPBI common stock was converted into 0.9150 shares of Columbia common stock as per the merger agreement.
• Cash was paid in lieu of fractional shares.

Sentiment

Score: 5

Explanation: Neutral. This is a mandatory disclosure of an insider transaction resulting from a merger, which is an expected event. It does not inherently indicate positive or negative sentiment about the company's ongoing operations, but rather the completion of a corporate action.

Future Outlook

N/A

Industry Context

This transaction reflects the finalization of a significant consolidation event in the regional banking sector, where Pacific Premier Bancorp was acquired by Columbia Banking System. Such mergers are common strategies for achieving scale, cost efficiencies, and expanding market reach within the competitive banking industry.

Management Changes

Stakeholder Impact

• Shareholders of Pacific Premier Bancorp, Inc. received 0.9150 shares of Columbia common stock for each share they owned, effectively converting their investment into the acquiring entity.
• The merger concludes Pacific Premier Bancorp, Inc. as a standalone entity, impacting its employees, customers, and suppliers as they integrate into Columbia Banking System, Inc.'s operations.

Key Dates

Keywords

PACIFIC PREMIER BANCORP, PPBI, Columbia Banking System, Merger, Insider Transaction, Form 4, Director, Stock Disposition, George M. Pereira