First Foundation (FFWM) president delivers shares to cover RSU tax bill

Rhea-AI Filing Summary

First Foundation Inc. executive John Hakopian, President of FFA, reported a tax-related share disposition on February 18, 2026. He delivered 755 shares of common stock at $6.24 per share to cover tax liability arising from the vesting of 2,349 restricted stock units.

After this tax-withholding disposition, Hakopian directly held 83,036 shares of common stock. He also had indirect ownership of 620,842 shares through a Family Trust, which includes 482 shares that were not previously reported.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider HAKOPIAN JOHN

Role President, FFA

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	755	$6.24	$5K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 83,036 shares (Direct); Common Stock — 620,842 shares (Indirect, Family Trust)

Footnotes (1)

1. This reported transaction involved the payment of tax liability by delivering shares in connection with the vesting of 2,349 restricted stock units of the Company on February 18, 2026. Includes 482 shares of common stock not previously reported.

Form 4 Insider Transactions: What Each Field Means →

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^*

HAKOPIAN JOHN

(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)
	President, FFA

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		755	D	$6.24	83,036(1)(2)	D
Common Stock								620,842	I	Family 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. This reported transaction involved the payment of tax liability by delivering shares in connection with the vesting of 2,349 restricted stock units of the Company on February 18, 2026.

2. Includes 482 shares of common stock not previously reported.

	/s/ John Hakopian	02/23/2026
	** 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.

FAQ

What insider transaction did FFWM executive John Hakopian report?

John Hakopian reported a tax-withholding disposition of 755 FFWM common shares. The shares were delivered to cover tax liability triggered by the vesting of 2,349 restricted stock units on February 18, 2026, rather than an open-market sale.

How many FFWM shares did John Hakopian dispose of for taxes?

He disposed of 755 shares of First Foundation Inc. common stock at $6.24 per share. This disposition was used specifically to satisfy tax obligations connected to the vesting of 2,349 restricted stock units, according to the Form 4 footnote disclosure.

How many FFWM shares does John Hakopian own after this Form 4 filing?

After the reported transaction, Hakopian directly owned 83,036 FFWM common shares. He also indirectly owned 620,842 shares through a Family Trust, giving him a substantial combined position according to the ownership figures disclosed in the filing.

What is the role of the Family Trust in John Hakopian’s FFWM holdings?

The Form 4 shows indirect ownership of 620,842 FFWM shares held through a Family Trust. This trust structure means those shares are reported as indirectly owned, separate from Hakopian’s 83,036 directly held shares of First Foundation Inc. common stock.

Were any previously unreported FFWM shares disclosed in this Form 4?

Yes. A footnote states that the reported holdings include 482 shares of common stock not previously reported. This clarification affects the total number of FFWM shares shown as beneficially owned in the indirect Family Trust position after the transaction.

What triggered the tax-withholding share disposition for FFWM’s John Hakopian?

The disposition was triggered by the vesting of 2,349 restricted stock units on February 18, 2026. To cover the related tax liability, 755 FFWM common shares were delivered, as described in the Form 4 footnote explaining the nature of the transaction.