Piper Sandler president sells 39,708 shares

Q: How many PIPR shares did Debbra L. Schoneman sell, and at what price?

Debbra L. Schoneman sold 39,708 PIPR common shares on November 2, 2026, at a weighted average price of $67.38 per share. Individual sale prices ranged from $66.96 to $67.67. The sale was reported alongside her same-day exercise of 39,708 options. No Rule 10b5-1 plan is reported.

Q: What was the exercise price for Debbra L. Schoneman’s PIPR options?

Schoneman exercised 39,708 options at $24.75 per share on November 2, 2026. The exercise price was adjusted for Piper Sandler Companies’ four-for-one forward split, which became effective March 23, 2026.

Reported individual sale prices ranged from $66.96 to $67.67 per share.

Available on EDGAR 11/03/2026 - 04:14 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:13 PM EST

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Form Type

Rhea-AI Filing Summary

Debbra L. Schoneman, President of Piper Sandler Companies, exercised 39,708 options on November 2, 2026, at a split-adjusted exercise price of $24.75 per share, acquiring 39,708 common shares. She sold the same 39,708 shares that day at a weighted average price of $67.38 per share. The option position was reported as 0 shares after exercise. A separate holding entry lists 241,744 common shares through a revocable living trust, with Schoneman and her spouse as co-trustees. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Exercise and Sale: 39,708 shares ($1.69M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Schoneman Debbra L.

Role President

Sold 39,708 shs ($2.68M)

Approx. gross sale proceeds $2.68M

Approx. exercise cost $983K

Approx. pre-tax spread $1.69M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy) ^{F4, F1}	39,708	$0.00	$0.00
Exercise	Common Stock ^F1	39,708	$24.75	$983K
Sale	Common Stock ^{F2, F1}	39,708	$67.38	$2.68M
Holding	Common Stock ^{F1, F3}	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 11,752 shares (Direct); Common Stock — 241,744 shares (Indirect, Through Living Trust)

Footnotes (4)

F1. Amounts shown have been adjusted to give effect to a four-for-one forward split of the Issuer's common stock which became effective on March 23, 2026 (the "stock split").
F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.9600 to $67.6700 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
F3. The shares are held in a revocable living trust, of which the reporting person and the reporting person's spouse are co-trustees..
F4. Exercise price has been adjusted to give effect to the stock split.

Key Figures

Options exercised: 39,708 shares Exercise price: $24.75 per share Common shares sold: 39,708 shares +4 more

7 metrics

Options exercised 39,708 shares November 2, 2026

Exercise price $24.75 per share Split-adjusted; November 2, 2026

Common shares sold 39,708 shares November 2, 2026

Weighted average sale price $67.38 per share November 2, 2026

Individual sale price range $66.96 to $67.67 per share November 2, 2026

Option position after exercise 0 shares After the November 2, 2026 exercise

Common shares held through revocable living trust 241,744 shares Holding entry reported November 2, 2026

Key Terms

weighted average price, exercise price, revocable living trust

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

exercise price financial

"Exercise price has been adjusted to give effect to the stock split."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

revocable living trust financial

"The shares are held in a revocable living trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PIPR shares did Debbra L. Schoneman sell, and at what price?

Debbra L. Schoneman sold 39,708 PIPR common shares on November 2, 2026, at a weighted average price of $67.38 per share. Individual sale prices ranged from $66.96 to $67.67. The sale was reported alongside her same-day exercise of 39,708 options. No Rule 10b5-1 plan is reported.

What was the exercise price for Debbra L. Schoneman’s PIPR options?

Schoneman exercised 39,708 options at $24.75 per share on November 2, 2026. The exercise price was adjusted for Piper Sandler Companies’ four-for-one forward split, which became effective March 23, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Schoneman Debbra L.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/02/2026		M		39,708	A	$24.75	51,460⁽¹⁾	D
Common Stock	11/02/2026		S		39,708	D	$67.38⁽²⁾	11,752⁽¹⁾	D
Common Stock								241,744⁽¹⁾⁽³⁾	I	Through Living Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$24.75⁽⁴⁾	11/02/2026		M			39,708⁽¹⁾	02/15/2021	02/15/2028	Common Stock	39,708	$0	0	D

Explanation of Responses:

1. Amounts shown have been adjusted to give effect to a four-for-one forward split of the Issuer's common stock which became effective on March 23, 2026 (the "stock split").

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.9600 to $67.6700 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.

3. The shares are held in a revocable living trust, of which the reporting person and the reporting person's spouse are co-trustees..

4. Exercise price has been adjusted to give effect to the stock split.

Remarks:

	/s/ James Grant for Debbra L. Schoneman	11/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR