[Form 4] Piper Sandler Companies Insider Trading Activity
This Form 4 discloses that John W. Geelan, identified as an officer (General Counsel) of Piper Sandler Companies (PIPR), reported sales of company common stock on 08/11/2025. The filing lists two non-derivative sale transactions totaling 2,000 shares: 366 shares sold at a weighted average price of $321.46 (range $321.23–$321.67) and 1,634 shares sold at a weighted average price of $322.96 (range $322.82–$323.265).
After these transactions the report shows beneficial ownership of 14,279 shares following the first reported sale and 12,645 shares following the second. No derivative transactions are reported. The filer offers to provide per-transaction quantities at specific prices upon request.
Questo Form 4 indica che John W. Geelan, identificato come dirigente (Responsabile legale) di Piper Sandler Companies (PIPR), ha segnalato la vendita di azioni ordinarie della società in data 08/11/2025. La comunicazione elenca due operazioni di vendita non derivate per un totale di 2,000 azioni: 366 azioni vendute a un prezzo medio ponderato di $321.46 (intervallo $321.23–$321.67) e 1,634 azioni vendute a un prezzo medio ponderato di $322.96 (intervallo $322.82–$323.265).
Dopo queste operazioni il report indica una partecipazione effettiva di 14,279 azioni dopo la prima vendita segnalata e di 12,645 azioni dopo la seconda. Non risultano operazioni su derivati. Il dichiarante si rende disponibile a fornire, su richiesta, le quantità per singola transazione a prezzi specifici.
Este Formulario 4 revela que John W. Geelan, identificado como ejecutivo (Asesor Jurídico Principal) de Piper Sandler Companies (PIPR), reportó ventas de acciones ordinarias de la empresa el 08/11/2025. La presentación enumera dos operaciones de venta no derivadas que suman 2,000 acciones: 366 acciones vendidas a un precio medio ponderado de $321.46 (rango $321.23–$321.67) y 1,634 acciones vendidas a un precio medio ponderado de $322.96 (rango $322.82–$323.265).
Tras estas operaciones, el informe muestra una tenencia beneficiaria de 14,279 acciones después de la primera venta reportada y de 12,645 acciones después de la segunda. No se informan transacciones con derivados. El declarante ofrece facilitar, a petición, las cantidades por transacción a precios específicos.
이 Form 4는 Piper Sandler Companies (PIPR)의 임원으로 식별된 John W. Geelan이 (법무총괄) 08/11/2025에 회사 보통주를 매도했다고 공시한 내용입니다. 제출서류에는 비파생 매도 거래 두 건, 총 2,000주가 기재되어 있습니다: 366주는 가중평균가격 $321.46에 매도(범위 $321.23–$321.67), 1,634주는 가중평균가격 $322.96에 매도(범위 $322.82–$323.265).
이 거래들 이후 보고서에는 첫 번째 매도 후 14,279주, 두 번째 매도 후 12,645주의 실질 보유가 표시되어 있습니다. 파생상품 거래는 보고되지 않았습니다. 제출인은 요청 시 개별 거래별 수량과 특정 가격 정보를 제공하겠다고 밝혔습니다.
Ce Formulaire 4 révèle que John W. Geelan, identifié comme dirigeant (directeur juridique) de Piper Sandler Companies (PIPR), a déclaré des ventes d'actions ordinaires de la société le 08/11/2025. Le dépôt fait état de deux opérations de vente non dérivées totalisant 2,000 actions : 366 actions vendues à un prix moyen pondéré de $321.46 (plage $321.23–$321.67) et 1,634 actions vendues à un prix moyen pondéré de $322.96 (plage $322.82–$323.265).
Après ces opérations, le rapport indique une détention bénéficiaire de 14,279 actions après la première vente signalée et de 12,645 actions après la seconde. Aucune transaction sur dérivés n'est signalée. Le déclarant propose de fournir, sur demande, les quantités par transaction à des prix déterminés.
Dieses Form 4 gibt an, dass John W. Geelan, ausgewiesen als leitender Angestellter (General Counsel) von Piper Sandler Companies (PIPR), am 08/11/2025 Verkäufe von Stammaktien des Unternehmens meldete. Die Einreichung listet zwei nicht-derivative Verkaufstransaktionen mit insgesamt 2,000 Aktien auf: 366 Aktien verkauft zu einem gewichteten Durchschnittspreis von $321.46 (Spanne $321.23–$321.67) und 1,634 Aktien verkauft zu einem gewichteten Durchschnittspreis von $322.96 (Spanne $322.82–$323.265).
Nach diesen Transaktionen weist der Bericht eine wirtschaftliche Inhaberschaft von 14,279 Aktien nach der ersten gemeldeten Veräußerung und 12,645 Aktien nach der zweiten aus. Es werden keine Derivatetransaktionen gemeldet. Der Einreicher bietet an, auf Anfrage die Stückzahlen je Transaktion bei konkreten Preisen zu nennen.
- Transparent disclosure of weighted average prices and explicit price ranges for the sales
- Post-transaction beneficial ownership levels are reported for each sale (14,279 then 12,645 shares)
- No derivative activity reported, simplifying interpretation of insider exposure
- Filer offers to provide per-transaction share counts at each price upon request
- Insider sales totaling 2,000 shares may be perceived negatively by some investors
- Reduction in beneficial ownership to 12,645 shares after the reported transactions
Insights
TL;DR: Officer sale of 2,000 PIPR shares at ~$321–$323; reported ownership falls to 12,645 shares — neutral, routine disclosure.
The filing documents two non-derivative sales by General Counsel John W. Geelan totaling 2,000 shares executed on 08/11/2025, with weighted average prices of $321.46 and $322.96 and disclosed price ranges. The report provides post-transaction beneficial ownership levels (14,279 then 12,645 shares) and no option or derivative activity. These are straightforward insider sales with full price-range disclosure and an offer to supply per-trade details; they do not, on their face, indicate operational or financial distress in the company.
TL;DR: The Form 4 shows compliant, itemized disclosure by an officer; sale size is modest relative to typical material thresholds.
The report identifies the reporting person as an officer (General Counsel) and records two separate open-market sale blocks disclosed with weighted average prices and explicit price ranges, plus an undertaking to provide transaction-level breakdowns if requested. No 10b5-1 plan or derivative transactions are indicated in the content provided. From a governance and disclosure standpoint, the filing is transparent and complete for the transactions reported.
Questo Form 4 indica che John W. Geelan, identificato come dirigente (Responsabile legale) di Piper Sandler Companies (PIPR), ha segnalato la vendita di azioni ordinarie della società in data 08/11/2025. La comunicazione elenca due operazioni di vendita non derivate per un totale di 2,000 azioni: 366 azioni vendute a un prezzo medio ponderato di $321.46 (intervallo $321.23–$321.67) e 1,634 azioni vendute a un prezzo medio ponderato di $322.96 (intervallo $322.82–$323.265).
Dopo queste operazioni il report indica una partecipazione effettiva di 14,279 azioni dopo la prima vendita segnalata e di 12,645 azioni dopo la seconda. Non risultano operazioni su derivati. Il dichiarante si rende disponibile a fornire, su richiesta, le quantità per singola transazione a prezzi specifici.
Este Formulario 4 revela que John W. Geelan, identificado como ejecutivo (Asesor Jurídico Principal) de Piper Sandler Companies (PIPR), reportó ventas de acciones ordinarias de la empresa el 08/11/2025. La presentación enumera dos operaciones de venta no derivadas que suman 2,000 acciones: 366 acciones vendidas a un precio medio ponderado de $321.46 (rango $321.23–$321.67) y 1,634 acciones vendidas a un precio medio ponderado de $322.96 (rango $322.82–$323.265).
Tras estas operaciones, el informe muestra una tenencia beneficiaria de 14,279 acciones después de la primera venta reportada y de 12,645 acciones después de la segunda. No se informan transacciones con derivados. El declarante ofrece facilitar, a petición, las cantidades por transacción a precios específicos.
이 Form 4는 Piper Sandler Companies (PIPR)의 임원으로 식별된 John W. Geelan이 (법무총괄) 08/11/2025에 회사 보통주를 매도했다고 공시한 내용입니다. 제출서류에는 비파생 매도 거래 두 건, 총 2,000주가 기재되어 있습니다: 366주는 가중평균가격 $321.46에 매도(범위 $321.23–$321.67), 1,634주는 가중평균가격 $322.96에 매도(범위 $322.82–$323.265).
이 거래들 이후 보고서에는 첫 번째 매도 후 14,279주, 두 번째 매도 후 12,645주의 실질 보유가 표시되어 있습니다. 파생상품 거래는 보고되지 않았습니다. 제출인은 요청 시 개별 거래별 수량과 특정 가격 정보를 제공하겠다고 밝혔습니다.
Ce Formulaire 4 révèle que John W. Geelan, identifié comme dirigeant (directeur juridique) de Piper Sandler Companies (PIPR), a déclaré des ventes d'actions ordinaires de la société le 08/11/2025. Le dépôt fait état de deux opérations de vente non dérivées totalisant 2,000 actions : 366 actions vendues à un prix moyen pondéré de $321.46 (plage $321.23–$321.67) et 1,634 actions vendues à un prix moyen pondéré de $322.96 (plage $322.82–$323.265).
Après ces opérations, le rapport indique une détention bénéficiaire de 14,279 actions après la première vente signalée et de 12,645 actions après la seconde. Aucune transaction sur dérivés n'est signalée. Le déclarant propose de fournir, sur demande, les quantités par transaction à des prix déterminés.
Dieses Form 4 gibt an, dass John W. Geelan, ausgewiesen als leitender Angestellter (General Counsel) von Piper Sandler Companies (PIPR), am 08/11/2025 Verkäufe von Stammaktien des Unternehmens meldete. Die Einreichung listet zwei nicht-derivative Verkaufstransaktionen mit insgesamt 2,000 Aktien auf: 366 Aktien verkauft zu einem gewichteten Durchschnittspreis von $321.46 (Spanne $321.23–$321.67) und 1,634 Aktien verkauft zu einem gewichteten Durchschnittspreis von $322.96 (Spanne $322.82–$323.265).
Nach diesen Transaktionen weist der Bericht eine wirtschaftliche Inhaberschaft von 14,279 Aktien nach der ersten gemeldeten Veräußerung und 12,645 Aktien nach der zweiten aus. Es werden keine Derivatetransaktionen gemeldet. Der Einreicher bietet an, auf Anfrage die Stückzahlen je Transaktion bei konkreten Preisen zu nennen.
FAQ
Who filed the Form 4 for PIPR?
What transactions were reported on the PIPR Form 4?
How many PIPR shares does the reporting person own after the reported transactions?
Were any derivative securities reported on the Form 4?
Do the reported prices reflect single trades or ranges?
