FirstSun director granted 2,140 shares in merger
FirstSun Capital Bancorp director Sam Edelson reported an acquisition of 2,140 shares of common stock through an equity award.
Rhea-AI Filing Summary
FirstSun Capital Bancorp director Sam Edelson reported an acquisition of 2,140 shares of common stock through an equity award. The shares were received at a price of $0.0000 per share as a grant, not an open-market purchase. According to the footnote, they were issued in exchange for 13,308 unvested restricted stock units of First Foundation Inc. that were assumed and replaced with FirstSun RSUs in connection with the merger of First Foundation with and into FirstSun, using an exchange ratio of 0.16083 FirstSun share per First Foundation share. After this transaction, Edelson directly holds 2,140 shares of FirstSun common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.0001 par value | 2,140 | $0.00 | $0.00 |
Footnotes (1)
- F1. Received in exchange for 13,308 unvested restricted stock units ("RSUs") of First Foundation Inc. ("First Foundation") that were assumed by FirstSun Capital Bancorp ("FirstSun") and replaced with RSUs of FirstSun, in connection with the merger of First Foundation with and into FirstSun. Each unvested RSU of First Foundation was converted into an RSU of FirstSun with respect to FirstSun common stock, based on the exchange ratio in the merger of 0.16083 of a share of FirstSun common stock for each share of First Foundation common stock.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
exchange ratio financial
merger financial
grant, award, or other acquisition financial
FAQ
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What insider transaction did Sam Edelson report for FSUN?
Was Sam Edelson’s FSUN Form 4 transaction a market purchase or a grant?
What does the exchange ratio of 0.16083 mean in the FSUN insider filing?
How many First Foundation RSUs were converted into FirstSun awards for Sam Edelson?
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