Director Stuart Essig receives 175 Piper Sandler (PIPR) shares at $0

Rhea-AI Filing Summary

Piper Sandler Companies director reports stock award. Director Stuart Essig reported receiving 175 shares of Piper Sandler Companies common stock on February 4, 2026. The shares were acquired at a price of $0 per share, bringing his directly held beneficial ownership to 175 common shares after the transaction.

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

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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 MN 55401

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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	02/04/2026		A		175	A	$0	175	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	02/05/2026
	** 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.

FAQ

What insider transaction did PIPR director Stuart Essig report?

Director Stuart Essig reported an acquisition of 175 shares of Piper Sandler Companies common stock. The transaction occurred on February 4, 2026 and was coded as an acquisition, increasing his directly held beneficial ownership to 175 shares after the transaction.

At what price were the Piper Sandler (PIPR) shares acquired by the director?

The 175 Piper Sandler Companies common shares were acquired at a reported price of $0 per share. This indicates the shares were likely granted rather than purchased on the open market, and they increased the director’s directly held ownership position.

How many Piper Sandler (PIPR) shares does Stuart Essig own after this Form 4?

Following the reported transaction, Stuart Essig beneficially owns 175 shares of Piper Sandler Companies common stock directly. This total reflects the 175 shares acquired in the February 4, 2026 transaction as reported in the Form 4 filing.

Is the February 4, 2026 PIPR insider transaction a purchase or an award?

The filing shows an acquisition of 175 common shares with a transaction code "A" at a price of $0 per share. This pattern is consistent with a stock award or grant to the director rather than a market purchase for cash consideration.

Does the Piper Sandler (PIPR) Form 4 show direct or indirect ownership?

The Form 4 indicates that the 175 Piper Sandler Companies shares are held with a direct ownership form. No nature of indirect beneficial ownership is listed, and there are no footnote disclosures reallocating voting or investment authority to another entity.