Piper Sandler (NYSE: PIPR) officer logs stock grant and tax share disposals

Rhea-AI Filing Summary

Piper Sandler Companies director and officer Jonathan J. Doyle reported a mix of equity award and related tax transactions in company common stock. He received a grant of 1,758 shares on February 17, 2026 as a stock award at a stated price of $0.00 per share. On the same date, he disposed of 628, 385, and 240 shares in separate transactions coded as tax-withholding dispositions used to cover exercise price or tax liabilities. After these transactions, Doyle directly owned 133,415 common shares of Piper Sandler Companies.

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

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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^*

Doyle Jonathan J

(Last) (First) (Middle)

350 NORTH 5TH STREET, SUITE 1000

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Hd of Financial Services Group

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/17/2026		A		1,758	A	$0	134,668	D
Common Stock	02/17/2026		F		628	D	$0	134,040	D
Common Stock	02/17/2026		F		385	D	$0	133,655	D
Common Stock	02/17/2026		F		240	D	$0	133,415	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 Jonathan J. Doyle	02/19/2025
	** 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.

FAQ

What insider transactions did Jonathan J. Doyle report for PIPR common stock?

Jonathan J. Doyle reported receiving a 1,758-share stock award and three related tax-withholding dispositions of 628, 385, and 240 shares of Piper Sandler Companies common stock on February 17, 2026. These are routine equity-compensation-related transactions.

Was the PIPR insider transaction a stock purchase or a sale?

The filing shows an equity grant/award acquisition of 1,758 shares and three tax-withholding dispositions of 628, 385, and 240 shares. The dispositions are coded as payments of exercise price or tax liabilities, not as open-market purchases or sales.

How many Piper Sandler (PIPR) shares does Jonathan J. Doyle own after these transactions?

After the reported equity award and tax-withholding dispositions, Jonathan J. Doyle directly owns 133,415 shares of Piper Sandler Companies common stock. This figure reflects his updated direct ownership following all Form 4 transactions dated February 17, 2026.

What does transaction code A mean in the PIPR Form 4 for Jonathan J. Doyle?

Transaction code A in the filing represents a grant, award, or other acquisition of securities. For Jonathan J. Doyle, it corresponds to a stock award of 1,758 common shares of Piper Sandler Companies at a stated price of $0.00 per share.

What does transaction code F indicate in the PIPR insider filing?

Transaction code F indicates a tax-withholding disposition or payment of exercise price or tax liability by delivering securities. Doyle reported three such transactions of 628, 385, and 240 PIPR shares tied to equity-compensation obligations.

Is the PIPR Form 4 for Jonathan J. Doyle a routine equity compensation event?

The combination of a stock grant/award of 1,758 shares and several F-coded tax-withholding dispositions suggests a routine equity compensation event. The filing updates his direct ownership to 133,415 common shares of Piper Sandler Companies.