FFWM CFO uses shares to cover tax liability

First Foundation Inc. Chief Financial Officer Britton James reported a tax-withholding share disposition related to vested equity.

Accepted by SEC EDGAR 02/20/2026 - 08:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

First Foundation Inc. Chief Financial Officer Britton James reported a tax-withholding share disposition related to vested equity. On the vesting of 9,398 restricted stock units on February 18, 2026, 2,786 shares of common stock were delivered at $6.24 per share to cover tax liabilities, leaving him with 59,223 directly owned shares.

Insider Trade Summary

Exercise Price or Tax Liability: 2,786 shares

Exercise Price or Tax Liability 1 txn

Insider Britton James

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,786	$6.24	$17K

Holdings After Transaction: Common Stock — 59,223 shares (Direct)

Holdings Before and After: Common Stock, 62,009 to 59,223 shares (Direct)

Footnotes (1)

1. F1. This reported transaction involved the payment of tax liability by delivering shares in connection with the vesting of 9,398 restricted stock units of the Company on February 18, 2026.

FAQ

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

What did First Foundation (FFWM) CFO Britton James report on this Form 4?

He reported a tax-withholding disposition of 2,786 shares of common stock. The shares were delivered to cover tax liabilities arising from vested restricted stock units, rather than an open-market sale, and he retained 59,223 shares afterward.

How many First Foundation (FFWM) shares were used to cover taxes?

A total of 2,786 common shares were delivered at $6.24 per share. This transaction settled tax obligations linked to the vesting of restricted stock units, and did not represent a traditional open-market sale by the CFO.

What equity award vesting triggered the FFWM CFO’s tax-withholding transaction?

The transaction was tied to the vesting of 9,398 restricted stock units on February 18, 2026. A portion of the resulting shares was surrendered to satisfy tax liability, as described in the filing’s footnote disclosure.

How many First Foundation (FFWM) shares does the CFO hold after this Form 4 event?

After the tax-withholding disposition, Britton James directly owns 59,223 common shares. This figure reflects his holdings following the delivery of 2,786 shares to cover taxes on the vested restricted stock units.

Was the FFWM CFO’s Form 4 transaction an open-market stock sale?

No, the filing describes a tax-withholding disposition under code F. Shares were delivered to pay tax liability associated with restricted stock unit vesting, rather than sold voluntarily on the open market.

What transaction code is used in the FFWM CFO Form 4 and what does it mean?

The Form 4 uses transaction code F, indicating payment of an exercise price or tax liability by delivering securities. Here it reflects shares surrendered to cover taxes on vested restricted stock units, not a discretionary sale.

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

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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
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hours per response:			0.5

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^*

Britton James

(Last) (First) (Middle)

5221 NORTH O'CONNOR BOULEVARD

STE 1375

(Street)

IRVING TX 75039

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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

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

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

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	02/18/2026		F		2,786	D	$6.24	59,223(1)	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. This reported transaction involved the payment of tax liability by delivering shares in connection with the vesting of 9,398 restricted stock units of the Company on February 18, 2026.

	/s/ James Britton	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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