Form 4: PPBI CFO Disposes Shares Post-Merger with Columbia

Pacific Premier Bancorp's SEVP & CFO, Ronald J. Nicolas Jr., disposed of 306,599 shares of common stock following the merger with Columbia Banking System, Inc. on August 31, 2025.

Summary

• Ronald J. Nicolas Jr., the Senior Executive Vice President and Chief Financial Officer of Pacific Premier Bancorp, Inc. (PPBI), reported the disposal of 306,599 shares of PPBI Common Stock.
• The transaction occurred on August 31, 2025, which was the effective time of the merger between Pacific Premier Bancorp, Inc. and Columbia Banking System, Inc.
• The disposal was a direct consequence of the Agreement and Plan of Merger, dated April 23, 2025.
• Under the merger terms, each share of PPBI common stock was converted into the right to receive 0.9150 of a share of Columbia common stock.
• Cash was paid in lieu of fractional shares, if applicable, as part of the conversion.

Sentiment

Score: 5

Explanation: The filing is a mandatory disclosure of an insider transaction resulting from a pre-announced merger, thus it is neutral in sentiment regarding company performance.

Positives

• The successful completion of the merger between Pacific Premier Bancorp, Inc. and Columbia Banking System, Inc. on August 31, 2025, as per the agreement dated April 23, 2025.

Negatives

• This Form 4 filing, reporting an insider transaction, does not detail any negative aspects for the company.

Risks

• This Form 4 filing, which reports an insider transaction, does not contain information regarding company-specific risks.

Future Outlook

This Form 4 filing, reporting a completed insider transaction, does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

The transaction reflects a consolidation event within the banking sector, where Pacific Premier Bancorp, Inc. was acquired by Columbia Banking System, Inc., a common trend among regional banks seeking scale and market presence.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders of Pacific Premier Bancorp, Inc. had their common stock converted into shares of Columbia Banking System, Inc. common stock, with cash for fractional shares.

Next Steps

• The merger between Pacific Premier Bancorp, Inc. and Columbia Banking System, Inc. has been completed, with PPBI shares converted into Columbia shares.

Key Dates

Keywords

PPBI, Columbia Banking System, Merger, Form 4, Insider Transaction, Common Stock, CFO, Banking