Form 4: PPBI Executive Disposes Shares in Columbia Merger

Pacific Premier Bancorp's Sr. EVP & Chief Credit Officer, Donn Jakosky, disposed of 45,774 shares of common stock as part of the merger with Columbia Banking System.

Summary

• Donn Bordon Jakosky, Sr. EVP & Chief Credit Officer of Pacific Premier Bancorp, Inc. (PPBI), reported the disposition of 45,774 shares of PPBI Common Stock.
• The transaction occurred on August 31, 2025, in connection with the merger of PPBI into Columbia Banking System, Inc.
• As a result of the merger, each share of PPBI common stock was converted into 0.9150 shares of Columbia common stock, with cash paid for fractional shares.
• Following this transaction, Jakosky beneficially owns 0 shares of PPBI Common Stock directly.

Sentiment

Score: 5

Explanation: Neutral. This is a factual report of an insider transaction resulting from a pre-announced merger, which is a standard corporate action. It does not indicate positive or negative sentiment about the company's ongoing operations or future prospects beyond the merger itself.

Industry Context

This transaction reflects the ongoing consolidation trend within the banking sector, where smaller regional banks are acquired by larger institutions to achieve scale, expand market reach, and potentially reduce operational costs. The conversion ratio of 0.9150 shares of Columbia for each PPBI share indicates the agreed-upon valuation for PPBI shareholders in the merger.

Stakeholder Impact

• Shareholders of Pacific Premier Bancorp, Inc. had their shares converted into Columbia Banking System, Inc. common stock as per the merger agreement.
• Donn Jakosky, as an executive, completed the required disposition of his PPBI shares due to the merger.

Key Dates

Keywords

Pacific Premier Bancorp, PPBI, Columbia Banking System, Merger, Insider Trading, Form 4, Donn Jakosky, Stock Disposition, Corporate Action, Banking