First Foundation (FFWM) issues 33,784 time-vested RSUs to President

Rhea-AI Filing Summary

Simone Lagomarsino, President and a director of First Foundation Inc. (FFWM), reported a grant of 33,784 time-vested restricted stock units (RSUs) on 08/26/2025. Each RSU represents a contingent right to one share of common stock and the grant was reported at a price of $0.00. After the award, Ms. Lagomarsino beneficially owns 52,581 shares directly and 121,951 shares indirectly through a trust. The Form 4 was signed by attorney-in-fact Paul Newton on 08/27/2025.

Positive

• Time-vested RSUs align the reporting person's incentives with long-term shareholder value by converting to shares upon vesting
• Grant is non-cash ($0.00), indicating equity compensation rather than a cash purchase

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Time-vested RSUs align executive pay with shareholder outcomes without immediate dilution or cash payout.

The filing documents a standard equity compensation grant to a company insider who serves as President and director. The RSUs are time-vested and represent contingent rights to common stock, which aligns the reporting person's long-term interests with shareholders. The reported price of $0.00 indicates a grant rather than a purchase. Ownership disclosure—direct and indirect—provides transparency on potential voting and economic interests.

Executive Compensation Analyst

TL;DR: The award is a non-cash, time-vested equity grant typical for retention and alignment.

The grant of 33,784 RSUs under the 2024 Equity Incentive Plan is a routine compensation practice. Each RSU converts to one share upon vesting, so the grant increases potential future share-based pay. The Form 4 clearly quantifies post-grant beneficial ownership, showing both direct holdings and trust-held shares, which is useful for assessing total insider exposure to equity-based incentives.

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

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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^*

LAGOMARSINO SIMONE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		A		33,784(1)	A	$0.00	52,581	D
Common Stock								121,951	I	Trust

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. The reported transaction involved the reporting person's receipt of a grant of 33,784 time-vested restricted stock units ("RSUs") under First Foundation Inc.'s 2024 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the registrant's common stock.

	/s/ Paul Newton attorney in fact for Simone Lagomarsino	08/27/2025
	** 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 Simone Lagomarsino report on Form 4 for FFWM?

She reported a grant of 33,784 time-vested RSUs under the company's 2024 Equity Incentive Plan on 08/26/2025.

How many shares does Ms. Lagomarsino beneficially own after the RSU grant?

She beneficially owns 52,581 shares directly and 121,951 shares indirectly through a trust, per the filing.

What price was reported for the RSU grant on the Form 4?

The transaction is reported at a price of $0.00, indicating a grant rather than a purchase.

What is the relationship of the reporting person to First Foundation Inc. (FFWM)?

The filing lists Simone Lagomarsino as both a Director and the company's President.

When was the Form 4 signed and by whom?

The signature on the Form 4 is by attorney-in-fact Paul Newton dated 08/27/2025.