First Foundation (FFWM) Form 4: CFO Delivers Shares for Tax on RSU Vesting

Rhea-AI Filing Summary

James Britton, Chief Financial Officer of First Foundation Inc. (FFWM), reported a sale of 974 shares of the issuer's common stock on 08/29/2025 at a price of $5.95 per share. After the transaction he beneficially owned 69,657 shares in total. The filing states the sale related to the payment of tax liability by delivering shares in connection with the vesting of 4,000 restricted stock units on the same date; the total reported holdings include 63,605 restricted stock units (4,000 previously reported in Table II) and 6,052 shares of common stock. The Form 4 was signed by Paul Newton as attorney-in-fact on 09/03/2025.

Positive

• None.

Negative

• Reported disposition of 974 shares by the Company's CFO on 08/29/2025 at $5.95 per share

Insights

Securities Analyst

TL;DR: A CFO reported a small disposition tied to tax withholding on RSU vesting; this is a routine, non-transactional liquidity event.

The reported sale of 974 shares at $5.95 was executed to satisfy tax obligations arising from the vesting of 4,000 restricted stock units. The disclosure shows the insider retains a meaningful position of 69,657 shares, consisting largely of RSUs and a smaller amount of common stock. There is no indication of additional open-market purchasing or unconventional derivative activity in this filing. For investors, this filing documents standard tax-related share delivery rather than a sale for discretionary cash needs or a change in ownership intent.

Corporate Governance Expert

TL;DR: The Form 4 documents a compliant reporting of RSU vesting and share delivery to cover tax withholding; disclosure appears complete for the event.

The filer identifies the reporting person as the CFO and indicates the transaction code 'F', consistent with a disposition tied to tax withholding. The explanation itemizes the components of post-transaction beneficial ownership, separating restricted stock units from outstanding shares. The form is signed by an attorney-in-fact and contains the necessary descriptive detail about the vesting-related delivery. No governance red flags such as unexplained accelerated sales or undisclosed plans are evident from the provided text.

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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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)
08/29/2025

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	08/29/2025		F		974	D	$5.95	69,657(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 4,000 restricted stock units of the Company on August 29, 2025. The total reported in Column 5 includes 63,605 restricted stock units, of which 4,000 were previously reported in Table II, and 6,052 shares of common stock.

	/s/ Paul Newton attorney in fact for James Britton	09/03/2025
	** 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.

FAQ

What did James Britton (FFWM) report on Form 4?

He reported a sale of 974 shares on 08/29/2025 at $5.95 per share and a post-transaction beneficial ownership of 69,657 shares.

Why were shares sold in the FFWM Form 4 filing?

The filing states the sale was to pay tax liability resulting from the vesting of 4,000 restricted stock units on 08/29/2025.

How many restricted stock units and shares does the filing show after the transaction?

63,605 restricted stock units (including 4,000 previously reported in Table II) and 6,052 common shares, totaling 69,657 beneficially owned.

Who signed the Form 4 for James Britton and when?

Paul Newton, attorney-in-fact, signed the Form 4 on 09/03/2025.

What transaction code is shown for the disposition?

Transaction code 'F' is reported for the disposition on 08/29/2025.