Director Thomas Schreier Jr. (PIPR) receives 1,875-share Piper Sandler stock grant

Rhea-AI Filing Summary

SCHREIER THOMAS S JR reported acquisition or exercise transactions in this Form 4 filing.

Piper Sandler Companies director Thomas S. Schreier Jr. received a grant of 1,875 shares of common stock on May 20, 2026. The shares were awarded at a reported price of $0.00 per share, indicating an equity compensation grant rather than an open-market purchase. Following this award, he directly holds a total of 32,479 Piper Sandler common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SCHREIER THOMAS S JR

Role null

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

Holdings After Transaction: Common Stock — 32,479 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 1,875 shares Grant price: $0.00 per share Shares held after: 32,479 shares

3 metrics

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

Grant price $0.00 per share Reported transaction price for the equity award

Shares held after 32,479 shares Direct ownership following the grant

Key Terms

Common Stock, Grant, award, or other acquisition, Form 4

3 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.

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^*

SCHREIER THOMAS S JR

(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	32,479	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 Thomas S. Schreier, Jr.	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 insider transaction did PIPER SANDLER (PIPR) report for Thomas S. Schreier Jr.?

Piper Sandler reported that director Thomas S. Schreier Jr. received a grant of 1,875 shares of common stock. This was classified as a grant, award, or other acquisition, rather than an open-market purchase or sale.

How many PIPER SANDLER (PIPR) shares were granted in this Form 4 transaction?

The Form 4 shows a grant of 1,875 shares of Piper Sandler common stock. These shares were added to the director’s existing holdings, increasing his direct ownership position in the company’s common equity.

What was the price per share for the PIPER SANDLER (PIPR) stock grant?

The reported price per share for the 1,875-share grant was $0.00. A zero-dollar price indicates the transaction was an equity compensation award granted by the company, not an open-market purchase funded with cash.

What are Thomas S. Schreier Jr.’s holdings after this PIPR stock grant?

After the 1,875-share grant, Thomas S. Schreier Jr. directly holds 32,479 shares of Piper Sandler common stock. This total represents his direct ownership position following the reported equity award transaction on May 20, 2026.

Is the PIPER SANDLER (PIPR) Form 4 transaction a buy or a compensation award?

The transaction is a compensation-related equity award, not an open-market buy. It is coded as an “A” transaction, described as a grant, award, or other acquisition, with a reported price of $0.00 per share.