[Form 4] FIRSTSUN CAPITAL BANCORP Insider Trading Activity

Rhea-AI Filing Summary

Insider purchases and option exercises increased reported FSUN holdings to 3,531,230+ shares. On 10/03/2025, JLL/FCH Holdings I, LLC, a director-related reporting person, reported multiple acquisitions of Common Stock and derivative option transactions. The filing shows aggregated option-related acquisitions totaling 35,245 options at an exercise/conversion price of $21.55 and several additional option grants exercised or acquired at prices between $24.90 and $27.29. The report also discloses an indirect holding of common shares tied to an affiliate and director restricted stock awards that vest on 05/08/2026.

The largest non-derivative purchase entries were coded M (acquisition) and one disposition coded F for 26,328 shares at $38.86. Following these transactions, the reporting person disclosed beneficial ownership in the range of approximately 3.50M–3.53M shares depending on line items, reflecting increased insider exposure to the issuer's equity.

Positive

• Significant insider acquisitions: 35,245 option-related shares acquired at $21.55
• Increased beneficial ownership: reported holdings rose to approximately 3.53M shares including indirect holdings
• Director awards disclosed: 1,169 restricted shares vesting on 05/08/2026

Negative

• Partial disposition reported: 26,328 shares disposed at $38.86

Insights

Corporate Governance Analyst

Director-related entity increased equity exposure via option acquisitions and share purchases on 10/03/2025.

The sequence of filings shows a mix of option-related acquisitions totaling 35,245 underlying shares at an exercise price of $21.55 plus smaller option blocks at higher strike prices and multiple small open-market purchases coded M. These transactions raised reported beneficial ownership into the low $3.5M-share range, including indirect holdings and director restricted awards that vest on 05/08/2026.

Dependencies include vesting of director awards and option exercisability dates through 02/28/2026–03/01/2031. Watch for future Form 4s showing exercises, sales, or vesting-triggered dispositions over the next 12 months.

Equity Transactions Specialist

Multiple transaction codes indicate acquisitions and one disposition at $38.86.

The filing lists repeated M-code acquisitions at prices from $21.55 to $27.29 and a single F-coded disposition of 26,328 shares at $38.86. Option entries include exerciseability windows starting 04/01/2022 with expirations through 03/01/2031, and the reported number of underlying shares for options is zero following the report, indicating options remain unexercised or were otherwise adjusted.

Immediate items to watch include any follow-up Forms disclosing option exercises or sales that change the beneficial ownership reported here over the next 6–12 months.

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
Estimated average burden
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^*

JLL/FCH Holdings I, LLC

(Last) (First) (Middle)

C/O JLL PARTNERS FUND FCH LP

300 PARK AVENUE, 18TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRSTSUN CAPITAL BANCORP [ FSUN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

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, $0.0001 par value	10/03/2025	10/03/2025	M		35,245	A	$21.55	3,520,790(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	M		2,088	A	$21.55	3,522,878(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	M		2,088	A	$27.29	3,524,966(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	M		2,088	A	$25.62	3,527,054(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	M		2,088	A	$26.81	3,529,142(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	M		2,088	A	$24.9	3,531,230(1)	D
Common Stock, $0.0001 par value	10/03/2025	10/03/2025	F		26,328	D	$38.86	3,504,902(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
Stock Option, Common Stock, $0.0001 par value	$21.55	10/03/2025	10/03/2025	M			35,245	04/01/2022	02/28/2026	Common Stock, $0.0001 par value	35,245	$0	0	D
Stock Option, Common Stock, $0.0001 par value	$21.55	10/03/2025	10/03/2025	M			2,088	04/01/2022	01/01/2027	Common Stock, $0.0001 par value	2,088	$0	0	D
Stock Option, Common Stock, $0.0001 par value	$27.29	10/03/2025	10/03/2025	M			2,088	04/01/2022	02/01/2028	Common Stock, $0.0001 par value	2,088	$0	0	D
Stock Option, Common Stock, $0.0001 par value	$25.62	10/03/2025	10/03/2025	M			2,088	04/01/2022	02/01/2029	Common Stock, $0.0001 par value	2,088	$0	0	D
Stock Option, Common Stock, $0.0001 par value	$26.81	10/03/2025	10/03/2025	M			2,088	04/01/2022	03/01/2030	Common Stock, $0.0001 par value	2,088	$0	0	D
Stock Option, Common Stock, $0.0001 par value	$24.9	10/03/2025	10/03/2025	M			2,088	04/01/2022	03/01/2031	Common Stock, $0.0001 par value	2,088	$0	0	D

Explanation of Responses:

1. The shares reported include (i) 3,395 shares of common stock held by an affiliate of the Reporting Person, JLL Partners Fund FCH LP, for which the Reporting Person has voting power, and (ii) 1,169 shares for director annual restricted stock awards granted on May 8, 2025 for FirstSun Capital Bancorp board service, which vest on May 8, 2026.

Remarks:

	/s/ Daren Schneider, on behalf of JLL FCH Holdings I LLC	10/06/2025
	** 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 transactions did the FSUN reporting person file on 10/03/2025?

The filing shows multiple acquisitions coded M, including option-related acquisitions totaling 35,245 and several small share purchases at prices between $21.55 and $27.29, plus one disposition of 26,328 shares at $38.86.

How many FSUN shares does JLL/FCH Holdings I, LLC report owning after the transactions?

The reporting person indicates beneficial ownership in the range of approximately 3,504,902 to 3,531,230 shares across line items, summarized as about 3.53M shares.

Are there any restricted shares or vesting dates disclosed for FSUN?

Yes. The filing discloses 1,169 director restricted stock awards granted on 05/08/2025 that vest on 05/08/2026.

What option exercise prices and expirations are reported for FSUN?

Option entries include exercise/conversion prices of $21.55, $24.90, $25.62, $26.81, and $27.29 with exercisability and expiration windows from 04/01/2022 through expirations up to 03/01/2031.

Who signed the Form 4 for these FSUN transactions?

The form is signed by Daren Schneider on behalf of JLL FCH Holdings I LLC on 10/06/2025.