Form 4: Piper Sandler Executive James P. Baker Reports Changes in Beneficial Ownership

James P. Baker, Global Co-Head of Investment Banking and Capital Markets at Piper Sandler Companies, reports transactions involving common stock, resulting in adjustments to his direct and indirect beneficial ownership.

Summary

• On February 15, 2025, James P. Baker acquired 1,858 shares of Piper Sandler Companies common stock.
• On February 16, 2025, Baker disposed of 473, 211 and 165 shares of common stock.
• Following these transactions, Baker directly owns 53,216 shares of common stock.
• Baker also indirectly owns 25,699 shares through a spousal trust and 25,699 shares through an irrevocable trust.
• Baker disclaims beneficial ownership of the shares held in the spousal trust.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect insider trading activity, which is often scrutinized by investors.

Key Dates