[144] Piper Sandler Companies SEC Filing

Rhea-AI Filing Summary

Piper Sandler Companies (PIPR) filed a Form 144 reporting a proposed sale of 2,000 common shares through Charles Schwab & Co., Inc. on the NYSE, with an approximate sale date of 08/11/2025 and an aggregate market value of $645,378.00. The filing lists 17,690,540 shares outstanding and specifies this block for sale.

The filing shows the shares were acquired as equity compensation: 113 shares vested on 02/16/2020, 554 shares vested on 02/16/2024, and 1,333 shares vested on 02/26/2024, all from Piper Sandler Companies. The filer reports nothing to report for securities sold in the past three months.

Positive

• Equity compensation vesting is disclosed clearly (113, 554, 1,333 shares), showing the shares were issued via company awards rather than market purchase
• No other sales reported in the past three months, per the filing, indicating this is an isolated reported transaction

Negative

• Proposed sale of 2,000 shares valued at $645,378.00 will reduce the filer\'s holdings when executed
• Insider sale planned under Rule 144 may be perceived negatively by some investors even though the filing is routine

Insights

Financial Analyst

TL;DR: Routine insider sale notice reporting a 2,000-share block; limited standalone market impact absent other insider activity.

The Form 144 documents a planned sale of 2,000 Piper Sandler common shares valued at $645,378 via Charles Schwab with an approximate sale date of 08/11/2025. The securities were acquired through equity compensation in 2020 and 2024 and the filer reports no other sales in the past three months. For analysts, this is a standard Rule 144 disclosure that notifies the market of an intended sale; it does not itself indicate company performance changes. Material impact would depend on additional filings or larger aggregated insider dispositions.

Corporate Governance Expert

TL;DR: Compliance-focused disclosure showing vested awards being sold under Rule 144; governance implications are minimal based on the data provided.

The filing identifies equity-compensation vesting events (02/16/2020, 02/16/2024, 02/26/2024) and a proposed brokered sale of 2,000 shares on the NYSE. The representation in the remarks affirms the filer does not possess undisclosed material information. From a governance perspective, this is a typical post-vesting sale notification; it signals rule compliance but provides no evidence of governance changes or concerns within the issuer.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	2000	645378.00	17690540	08/11/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/16/2020	Restricted Stock Lapse	PIPER SANDLER COMPANIES			113	02/16/2020	Equity Compensation
Common	02/16/2024	Restricted Stock Lapse	PIPER SANDLER COMPANIES			554	02/16/2024	Equity Compensation
Common	02/26/2024	Performance Stock Lapse	PIPER SANDLER COMPANIES			1333	02/26/2024	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the PIPR Form 144 report?

The filing reports a proposed sale under Rule 144 of 2,000 Piper Sandler (PIPR) common shares with an aggregate market value of $645,378.00.

When is the approximate sale date listed in the filing?

The Form 144 lists an approximate date of sale of 08/11/2025.

Through which broker will the PIPR shares be sold?

The broker named is Charles Schwab & Co., Inc. located at 3000 Schwab Way, Westlake TX; the sale is listed for the NYSE.

How were the shares acquired according to the filing?

All reported shares were acquired as equity compensation: 113 vested 02/16/2020, 554 vested 02/16/2024, and 1,333 vested 02/26/2024.

Were any other securities of the issuer sold by the filer in the past three months?

The filing states Nothing to Report for securities sold during the past three months.

How many shares outstanding does the filing list for Piper Sandler?

The Form 144 lists 17,690,540 shares outstanding.