First Foundation director’s shares convert in merger

First Foundation Inc. director Sam Edelson disposed of 13,308 shares of common stock in connection with the company’s merger with FirstSun Capital Bancorp.

Rhea-AI Filing Summary

First Foundation Inc. director Sam Edelson disposed of 13,308 shares of common stock in connection with the company’s merger with FirstSun Capital Bancorp. The shares, including restricted stock units, were converted at an exchange ratio of 0.16083 FirstSun common shares for each First Foundation share, with cash paid for any fractional shares. After this merger-related disposition to the issuer, Edelson no longer beneficially owns any First Foundation common stock, and his restricted stock units were assumed by FirstSun and converted into FirstSun restricted stock units using the same exchange ratio.

Insider Trade Summary

Disposition: 13,308 shares

Disposition 1 txn

Insider Edelson Sam

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	13,308	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (2)

1. F1. Disposed of pursuant to the Agreement and Plan of Merger, dated October 27, 2025 (the "Merger Agreement"), by and between the Issuer and FirstSun Capital Bancorp ("FirstSun"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 0.16083 shares of FirstSun common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
2. F2. Includes restricted stock units with respect to 13,308 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units were assumed by FirstSun and converted into restricted stock units with respect to a number of shares of FirstSun common stock equal to the number of issuer shares underlying the restricted stock unit multiplied by the Exchange Ratio.

Key Figures

Shares disposed: 13,308 shares Exchange ratio: 0.16083 shares Post-transaction FFWM holdings: 0 shares

3 metrics

Shares disposed 13,308 shares Common stock, disposition to issuer in merger

Exchange ratio 0.16083 shares FirstSun common stock per First Foundation share

Post-transaction FFWM holdings 0 shares Total shares following transaction

Key Terms

Agreement and Plan of Merger, Exchange Ratio, restricted stock units, beneficially owns

4 terms

Agreement and Plan of Merger regulatory

"Disposed of pursuant to the Agreement and Plan of Merger, dated October 27, 2025"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Exchange Ratio financial

"each share of Issuer common stock converted into the right to receive 0.16083 shares of FirstSun common stock (the "Exchange Ratio")"

The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.

restricted stock units financial

"Includes restricted stock units with respect to 13,308 shares of the Issuer's common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

beneficially owns regulatory

"the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did First Foundation (FFWM) director Sam Edelson report on this Form 4?

Sam Edelson reported a disposition of 13,308 shares of First Foundation common stock to the issuer. The transaction occurred as part of the merger with FirstSun Capital Bancorp, so it was not an open-market trade but a merger-driven conversion of his equity position.

Was Sam Edelson’s Form 4 transaction a market sale of FFWM shares?

No, the disposition was to the issuer under a merger agreement with FirstSun Capital Bancorp. Each First Foundation share converted into FirstSun stock at a fixed exchange ratio, meaning the change in Edelson’s holdings resulted from the merger closing rather than an open-market sale.

How many First Foundation (FFWM) shares did Sam Edelson dispose of in the merger?

He disposed of 13,308 shares of First Foundation common stock, including restricted stock units. These were converted using the agreed exchange ratio into FirstSun Capital Bancorp common shares, with cash paid in lieu of any fractional shares created by the conversion.

What exchange ratio applied to FFWM shares in the FirstSun merger for this insider?

Each First Foundation common share converted into 0.16083 shares of FirstSun common stock. This fixed exchange ratio governed both Edelson’s common shares and the shares underlying his restricted stock units, with cash provided instead of issuing fractional FirstSun shares.

Does Sam Edelson still own any First Foundation (FFWM) stock after this Form 4?

No, following the merger-related disposition, Edelson no longer beneficially owns any First Foundation common stock. His equity exposure shifted to FirstSun Capital Bancorp through converted common shares and restricted stock units based on the agreed exchange ratio in the merger agreement.

What happened to Sam Edelson’s restricted stock units in First Foundation’s merger?

Restricted stock units covering 13,308 First Foundation shares were assumed by FirstSun at the merger’s effective time. They converted into restricted stock units over FirstSun common shares equal to the underlying First Foundation shares multiplied by the 0.16083 exchange ratio.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 07:17 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Edelson Sam

(Last) (First) (Middle)

5221 NORTH O'CONNOR BOULEVARD

STE 1375

(Street)

IRVING TEXAS 75039

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
First Foundation Inc. [ FFWM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		D		13,308	D	$0.00	0(1)(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Disposed of pursuant to the Agreement and Plan of Merger, dated October 27, 2025 (the "Merger Agreement"), by and between the Issuer and FirstSun Capital Bancorp ("FirstSun"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 0.16083 shares of FirstSun common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.

2. Includes restricted stock units with respect to 13,308 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units were assumed by FirstSun and converted into restricted stock units with respect to a number of shares of FirstSun common stock equal to the number of issuer shares underlying the restricted stock unit multiplied by the Exchange Ratio.

	/s/ Bruno Carrijo, attorney in fact for Sam Edelson	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)