4/A: Piper Sandler Executive James P. Baker Corrects Form 4 Filing, Reports Open Market Purchase

James P. Baker, Global Co-Head of Investment Banking and Capital Markets at Piper Sandler Companies, amends a previous SEC Form 4 filing to accurately reflect an open market purchase of common stock.

Summary

• James P. Baker, a Global Co-Head of Investment Banking and Capital Markets at Piper Sandler Companies, filed an amended SEC Form 4 (Form 4/A) on May 16, 2025.
• The amendment corrects a previous filing from the same date, clarifying that a transaction involving 2,000 shares of Piper Sandler common stock was an open market purchase ('P') rather than a grant, award, or other acquisition.
• The shares were purchased at a weighted average price of $267.32, with individual prices ranging from $267.25 to $267.54.
• Following the reported transaction, Baker directly owns 59,867 shares.
• Baker also indirectly owns 25,699 shares through a trust for his spouse and 25,699 shares through a trust for himself.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment.

Industry Context

This filing is a routine disclosure related to insider trading activity, which is common among executives of publicly traded companies. It provides transparency into the buying and selling of company stock by its leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, PIPR, Piper Sandler, James P. Baker, Open Market Purchase, Amendment