PIPR insider filing: 2,500 options exercised at $99 with stock sales
Rhea-AI Filing Summary
Piper Sandler Companies (PIPR): President Debbra L. Schoneman reported insider transactions on 11/05/2025. She exercised 2,500 employee stock options at an exercise price of $99 per share, then sold portions of common stock in multiple trades at weighted-average prices.
Reported sales included 700 shares at $328.68, 443 shares at $330.09, 1,237 shares at $331.19, and 120 shares at $331.98. Following these transactions, she directly held 2,896 common shares. In addition, 56,264 common shares are held indirectly through revocable living trusts where she and her spouse serve as co-trustees. After the exercise, 15,167 derivative (option) securities remained beneficially owned.
Positive
- None.
Negative
- None.
Insights
Routine option exercise with partial share sales; neutral impact.
The reporting officer exercised 2,500 stock options at an exercise price of $99 and sold several lots the same day at weighted-average prices between roughly $328.68 and $331.98. This sequence—exercise followed by sales—is a common liquidity and portfolio-management event.
Post-transaction positions show 2,896 common shares held directly and 56,264 held indirectly via revocable living trusts. Derivative holdings total 15,167 options remaining. Actual market impact depends on trade size relative to daily volume; the excerpt lists only the reported lots.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $99.00 | $248K |
| Sale | Common Stock | 700 | $328.68 | $230K |
| Sale | Common Stock | 443 | $330.09 | $146K |
| Sale | Common Stock | 1,237 | $331.19 | $410K |
| Sale | Common Stock | 120 | $331.98 | $40K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 for the first three sales transactions on this report is a weighted average price. The shares sold in footnotes (1) through (3) were sold in multiple transactions at the price ranges provided in footnotes (1) through (3). These shares in footnote (1) were sold in multiple transactions at prices ranging from $328.4500 to $329.4300 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 footnotes (1) through (3) upon request by the SEC staff, the issuer or any shareholder of the issuer. These shares were sold in multiple transactions at prices ranging from $329.7550 to $330.4600 inclusive. These shares were sold in multiple transactions at prices ranging from $330.9000 to $331.5700 inclusive. The shares are held in revocable living trusts, of which the reporting person and the reporting person's spouse are co-trustees.
