Piper Sandler (PIPR) director Sterling receives 1,875-share stock grant

Rhea-AI Filing Summary

Piper Sandler Companies director Brian R. Sterling reported an acquisition of company stock. On May 20, he received 1,875 shares of Common Stock in a transaction classified as a grant or award at a stated price of $0.00 per share. Following this award, he directly holds 104,534 shares of Piper Sandler common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sterling Brian R

Role null

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

Holdings After Transaction: Common Stock — 104,534 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 1,875 shares Price per share: $0.00 per share Shares owned after grant: 104,534 shares

3 metrics

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

Price per share $0.00 per share Stated grant price for awarded shares

Shares owned after grant 104,534 shares Total direct holdings after transaction

Key Terms

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

3 terms

Common Stock financial

"He received 1,875 shares of Common Stock in a transaction"

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

"The transaction was coded as a grant, award, or other acquisition"

Form 4 regulatory

"What did Brian R. Sterling report in this Piper Sandler (PIPR) 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^*

Sterling Brian R

(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	104,534	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 Brian R. Sterling	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 did Brian R. Sterling report in this Piper Sandler (PIPR) Form 4?

Brian R. Sterling reported receiving 1,875 shares of Piper Sandler common stock. The transaction was coded as a grant or award, meaning he acquired shares without an open-market purchase, increasing his direct holdings in the company.

How many Piper Sandler (PIPR) shares did Brian R. Sterling acquire?

He acquired 1,875 shares of Piper Sandler common stock. The filing classifies this as a grant, award, or other acquisition, rather than an open-market trade, and reflects additional equity awarded to him as a director of the company.

What is Brian R. Sterling’s total Piper Sandler (PIPR) ownership after this Form 4?

After the reported grant, Brian R. Sterling directly holds 104,534 shares of Piper Sandler common stock. This total includes the newly awarded 1,875 shares, according to the share count shown following the transaction in the Form 4.

Was the Piper Sandler (PIPR) Form 4 transaction an open-market buy or sell?

No, the transaction was not an open-market buy or sell. It is coded “A” for grant, award, or other acquisition, meaning Sterling received 1,875 shares without paying a market price, rather than trading shares on the open market.

What price per share is listed for Brian R. Sterling’s Piper Sandler (PIPR) grant?

The Form 4 lists a transaction price of $0.00 per share for the 1,875 shares. This reflects that the shares were received as a grant or award, not purchased for cash consideration in the market.

Does this Piper Sandler (PIPR) Form 4 show any stock sales by Brian R. Sterling?

The Form 4 does not show any stock sales by Brian R. Sterling. It reports only one transaction, an acquisition of 1,875 common shares coded as a grant or award, which increases his direct holdings in the company.