Piper Sandler Co`S SEC Filings

Piper Sandler Companies (PIPR) had a Rule 144 notice filed for a proposed sale of 2,500 shares of common stock. The filing lists an aggregate market value of $825,826, an approximate sale date of November 5, 2025, execution through Charles Schwab & Co., Inc., and trading on the NYSE.

The shares were acquired on November 5, 2025 via an employee stock option exercise with a broker payment for cashless exercise. Shares outstanding were 17,689,597 as of the filing’s disclosure.

Piper Sandler Companies reported stronger Q3 2025 results, powered by advisory and underwriting activity. Total revenues were $480,094,000, up from $360,928,000 a year ago. Net income attributable to the company rose to $60,266,000 from $34,789,000, with diluted EPS of $3.38 versus $1.96.

Investment banking led the quarter at $330,588,000 (from $241,470,000), while institutional brokerage contributed $109,490,000 (from $100,934,000). Non-interest expenses increased to $371,849,000, primarily from compensation tied to higher production. For the nine months, revenues reached $1,237,225,000 and diluted EPS was $9.42.

On the balance sheet, cash and cash equivalents were $113,997,000 and shareholders’ equity was $1,463,164,000. Operating cash flow for the nine months was $(143,173,000), reflecting working capital swings in broker receivables and compensation. The company declared $0.70 per share in quarterly dividends and recorded $5.00 per share year-to-date. Piper Sandler also closed the acquisition of G Squared on September 12, adding $7.4 million of goodwill and $2.2 million of customer relationships.

Piper Sandler Companies reported that it released financial results for its third fiscal quarter ended September 30, 2025. The company furnished a press release dated October 31, 2025 as Exhibit 99, providing the detailed results. This disclosure was made under Item 2.02, Results of Operations and Financial Condition, and Item 9.01, Financial Statements and Exhibits.

The filing is an administrative update signaling that quarterly results are available through the attached press release. The document was signed by the Chief Financial Officer, Katherine P. Clune.

Brian R. Sterling, a director of Piper Sandler Companies (PIPR), reported a non‑market acquisition on 09/30/2025 that increased his beneficial ownership to 25,444 shares. The Form 4 shows Mr. Sterling elected to defer his quarterly director cash retainer, which resulted in an accrual of 73 shares of phantom stock. Those phantom shares are payable in common stock on the last day of the year in which his service as a director terminates. The transaction was filed on a Form 4 signed on 10/01/2025.

Philip E. Soran, a director of Piper Sandler Companies (PIPR), reported an acquisition on 09/30/2025 of 73 shares of phantom stock by electing to defer his quarterly director cash retainer. The filing shows 73 phantom shares recorded at $0 price and states those phantom shares become payable in common stock on the last day of the year in which his service as a director terminates. Following the reported transaction, the reporting person beneficially owned 19,815 common shares.

Scott C. Taylor, a director of Piper Sandler Companies (PIPR), reported a non-cash acquisition of phantom stock dividend equivalents under the directors' deferred compensation plan on 09/12/2025. The Form 4 shows a transaction coded as an acquisition (Code A) under rule 17(1) with a reported price of $0. Following the reported transaction, Mr. Taylor beneficially owned 16,336 shares (listed as direct ownership). The filing explains that dividend equivalents on phantom stock are reinvested as additional phantom shares that accrue to the director's account and convert into an equal number of common shares on the last day of the year in which the director's service terminates.

Brian R. Sterling, a director of Piper Sandler Companies (PIPR), reported an acquisition on 09/12/2025 of 25,371 shares of common stock delivered under the directors' deferred compensation plan. The transaction shows a price of $0, reflecting that these are dividend-equivalent phantom shares that were deemed reinvested into additional phantom stock. The filing indicates the 25,371 phantom shares are held directly and will be payable in an equal number of common shares on the last day of the year in which Mr. Sterling's service as a director terminates.

Philip E. Soran, a director of Piper Sandler Companies (PIPR), reported an acquisition of 39 shares on 09/12/2025 at no cash price, increasing his beneficial holding to 19,742 shares. The filing shows the shares result from dividend equivalents reinvested as phantom stock under the directors' deferred compensation plan; those phantom shares convert to common stock in an equal number when the director's service ends. The transaction was signed on behalf of Mr. Soran on 09/15/2025.

Mitchell Robbin, a director of Piper Sandler Companies (PIPR), received additional phantom common stock shares through dividend equivalents that were deemed reinvested on 09/12/2025. The reported non-derivative transaction shows 7(1) phantom shares acquired at $0, increasing the reporting person's beneficial ownership to 3,384 shares. The filing explains these phantom shares accrue under the directors' deferred compensation plan and are payable in an equal number of common shares on the last day of the year in which the director's service terminates.