Piper Sandler director sells 90,000 common shares
Piper Sandler Companies director and officer Jonathan J. Doyle, Head of the Financial Services Group, reported a series of open-market sales of the company’s Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Piper Sandler Companies director and officer Jonathan J. Doyle, Head of the Financial Services Group, reported a series of open-market sales of the company’s Common Stock. On May 4–5, 2026, he sold a total of 90,000 shares in six transactions at weighted average prices ranging from the high $70s to low $80s per share, as detailed in price ranges in the footnotes. After these sales, Doyle directly owns 477,684 shares of Piper Sandler Common Stock.
Insider Trade Summary
Net Seller: 90,000 shares
Net Sell
6 txns
Insider
Doyle Jonathan J
Role
Hd of Financial Services Group
Sold
90,000 shs ($7.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,100 | $79.24 | $483K |
| Sale | Common Stock | 38,600 | $80.66 | $3.11M |
| Sale | Common Stock | 300 | $81.08 | $24K |
| Sale | Common Stock | 19,296 | $76.78 | $1.48M |
| Sale | Common Stock | 25,404 | $77.54 | $1.97M |
| Sale | Common Stock | 300 | $78.25 | $23K |
Holdings After Transaction:
Common Stock — 477,684 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 for all transactions on this report is a weighted average price. The shares sold in footnotes (1) through (6) were sold in multiple transactions at the price ranges provided in footnotes (1) through (6). These shares in footnote (1) were sold in multiple transactions at prices ranging from $76.2200 to $77.2100 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 (6) upon request by the SEC staff, the issuer or any shareholder of the issuer.
- F2. These shares were sold in multiple transactions at prices ranging from $77.2300 to $78.1800 inclusive.
- F3. These shares were sold in multiple transactions at prices ranging from $78.2450 to $78.2500 inclusive.
- F4. These shares were sold in multiple transactions at prices ranging from $78.8700 to $79.6600 inclusive.
- F5. These shares were sold in multiple transactions at prices ranging from $80.0737 to $81.0400 inclusive.
- F6. These shares were sold in multiple transactions at prices ranging from $81.0749 to $81.0800 inclusive.
Key Figures
Total shares sold: 90,000 shares
Shares sold May 5, 2026 (largest block): 38,600 shares
Highest reported sale price: $81.0800 per share
+2 more
5 metrics
Total shares sold
90,000 shares
Net shares sold across six transactions on May 4–5, 2026
Shares sold May 5, 2026 (largest block)
38,600 shares
Common Stock sale at $80.6600 weighted average price
Highest reported sale price
$81.0800 per share
Common Stock open-market sale on May 5, 2026
Lowest reported sale price range start
$76.2200 per share
Price range for some May 4, 2026 sales in footnote
Shares held after transactions
477,684 shares
Total direct Common Stock ownership following final sale
Key Terms
open-market sale, weighted average price, Common Stock, private transaction
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 for all transactions on this report 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.
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.
private transaction financial
"Sale in open market or private transaction"
A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PIPER SANDLER COMPANIES (PIPR) report for Jonathan J. Doyle?
Piper Sandler reported that Jonathan J. Doyle executed open-market sales of company Common Stock. Across six transactions on May 4–5, 2026, he sold a total of 90,000 shares, as disclosed in the Form 4 filing’s transaction detail and summary data.
Were Jonathan J. Doyle’s PIPR transactions open-market sales or another type of trade?
Each transaction is coded as an S, described as a sale in an open market or private transaction. The filing labels his transaction action as an “open-market sale,” indicating these were ordinary share sales rather than option exercises, gifts, or tax withholdings.
Did the PIPER SANDLER COMPANIES Form 4 mention complex derivatives or options activity?
No derivative positions are listed in the derivative summary for this filing. All six reported transactions involve Common Stock only, with no option exercises, conversions, or other derivative events disclosed alongside these open-market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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