Piper Sandler (PIPR) director gets 1,875-share stock grant, lifting stake

Rhea-AI Filing Summary

ESSIG STUART reported acquisition or exercise transactions in this Form 4 filing.

Piper Sandler Companies director Stuart Essig received a stock grant of 1,875 shares of common stock. The award was reported at a price of $0.00 per share, indicating a compensation-related grant rather than an open-market purchase. After this grant, he directly holds 2,575 shares of Piper Sandler common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ESSIG STUART

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,875	$0.00	--

Holdings After Transaction: Common Stock — 2,575 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 1,875 shares Grant price: $0.00 per share Shares after transaction: 2,575 shares +2 more

5 metrics

Shares granted 1,875 shares Common Stock grant on 2026-05-20

Grant price $0.00 per share Stated transaction price for the award

Shares after transaction 2,575 shares Total direct holdings following grant

Acquire transactions 1 transaction Non-derivative acquisition events in this Form 4

Net buy/sell shares 0 shares No open-market buys or sells reported

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4, non-derivative

4 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"transaction_type: "non-derivative""

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
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^*

ESSIG STUART

(Last) (First) (Middle)

350 NORTH 5TH STREET

SUITE 1000

(Street)

MINNEAPOLIS MINNESOTA 55401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PIPER SANDLER COMPANIES [ PIPR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/20/2026		A		1,875	A	$0	2,575	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

Explanation of Responses:

Remarks:

	/s/ James Grant for Stuart Essig	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Stuart Essig report in this Form 4 for PIPR?

Stuart Essig reported receiving a grant of 1,875 shares of Piper Sandler common stock. The shares were awarded at $0.00 per share, increasing his direct holdings to 2,575 shares after the transaction.

Was the Essig transaction in PIPR shares a market purchase or a grant?

The transaction was a grant or award of shares, not a market purchase. It is coded as a grant acquisition at $0.00 per share, indicating compensation rather than an open-market buy of Piper Sandler stock.

How many PIPR shares does Stuart Essig own after this Form 4 transaction?

After the reported grant, Stuart Essig directly owns 2,575 shares of Piper Sandler common stock. His holdings rose from 700 to 2,575 shares as a result of receiving 1,875 new shares in this award.

Does this PIPR Form 4 show any insider selling by Stuart Essig?

No, the Form 4 shows only an acquisition of shares through a grant. There are no sales or dispositions reported in this filing, and Essig’s total direct holdings in Piper Sandler common stock increased as a result.

What does transaction code A mean in the PIPR Form 4 filing?

Transaction code A stands for a grant, award, or other acquisition of securities. In this case, it reflects a stock grant of 1,875 Piper Sandler common shares to Stuart Essig at a stated price of $0.00 per share.