[Form 4] Pacific Premier Bancorp Inc Insider Trading Activity
Ayad A. Fargo, a director of Pacific Premier Bancorp, Inc. (PPBI), reported the disposition of all his PPBI common stock on 08/31/2025 in connection with the Agreement and Plan of Merger dated April 23, 2025. At the Effective Time the Issuer merged into Columbia Banking System, Inc., and each PPBI share was converted into the right to receive 0.9150 shares of Columbia common stock, with cash paid in lieu of any fractional shares. The Form 4 shows Mr. Fargo disposed of 21,793 shares directly and 308,358 shares indirectly via The Fargo 2009 Rev Trust, leaving 0 shares beneficially owned following the transactions.
Ayad A. Fargo, amministratore di Pacific Premier Bancorp, Inc. (PPBI), ha comunicato la cessione di tutte le sue azioni ordinarie PPBI il 31/08/2025 in relazione all'Agreement and Plan of Merger del 23 aprile 2025. Al momento dell'efficacia l'Emittente è stata incorporata in Columbia Banking System, Inc., e ogni azione PPBI è stata convertita nel diritto a ricevere 0,9150 azioni ordinarie di Columbia, con pagamento in contanti per eventuali frazioni. Il Form 4 indica che il sig. Fargo ha ceduto direttamente 21.793 azioni e indirettamente 308.358 azioni tramite The Fargo 2009 Rev Trust, rimanendo con 0 azioni in proprietà effettiva al termine delle transazioni.
Ayad A. Fargo, director de Pacific Premier Bancorp, Inc. (PPBI), informó la disposición de todas sus acciones ordinarias de PPBI el 31/08/2025 en relación con el Agreement and Plan of Merger de fecha 23 de abril de 2025. En el momento de entrada en vigor, el Emisor se fusionó con Columbia Banking System, Inc., y cada acción de PPBI fue convertida en el derecho a recibir 0.9150 acciones ordinarias de Columbia, abonándose en efectivo las fracciones. El Form 4 muestra que el Sr. Fargo dispuso de 21,793 acciones en forma directa y 308,358 acciones de forma indirecta a través de The Fargo 2009 Rev Trust, quedando con 0 acciones de titularidad beneficiosa tras las operaciones.
Ayad A. Fargo는 Pacific Premier Bancorp, Inc. (PPBI)의 이사로서 2025년 8월 31일 4월 23일자 합병계약(Agreement and Plan of Merger)에 따라 보유하던 모든 PPBI 보통주를 처분했다고 보고했습니다. 발효 시점에 발행회사는 Columbia Banking System, Inc.에 합병되었고, 각 PPBI 주식은 Columbia 보통주 0.9150주를 받을 권리로 전환되었으며, 소수주에 대해서는 현금으로 지급되었습니다. Form 4에는 Fargo 씨가 직접 21,793주, The Fargo 2009 Rev Trust를 통해 간접적으로 308,358주를 처분하여 거래 후 0주의 실질적 보유가 남았다고 기재되어 있습니다.
Ayad A. Fargo, administrateur de Pacific Premier Bancorp, Inc. (PPBI), a déclaré la cession de la totalité de ses actions ordinaires PPBI le 31/08/2025 en lien avec l'Agreement and Plan of Merger en date du 23 avril 2025. Au moment de l'entrée en vigueur, l'Émetteur a fusionné avec Columbia Banking System, Inc., et chaque action PPBI a été convertie en droit de recevoir 0,9150 action ordinaire Columbia, les fractions étant réglées en numéraire. Le formulaire 4 indique que M. Fargo a disposé directement de 21 793 actions et indirectement de 308 358 actions via The Fargo 2009 Rev Trust, ne conservant 0 action à titre bénéficiaire après les opérations.
Ayad A. Fargo, ein Direktor von Pacific Premier Bancorp, Inc. (PPBI), meldete die Veräußerung sämtlicher seiner PPBI-Stammaktien am 31.08.2025 im Zusammenhang mit dem Agreement and Plan of Merger vom 23. April 2025. Zum Wirksamkeitszeitpunkt ging der Emittent in der Columbia Banking System, Inc. auf, und jede PPBI-Aktie wurde in das Recht auf 0,9150 Columbia-Stammaktien umgewandelt; Bruchteile wurden bar abgegolten. Im Formular 4 ist vermerkt, dass Herr Fargo 21.793 Aktien direkt und 308.358 Aktien indirekt über The Fargo 2009 Rev Trust veräußerte und nach den Transaktionen 0 Aktien wirtschaftlich hielt.
- Merger closed as described: PPBI merged into Columbia Banking System, Inc., completing the transaction dated April 23, 2025
- Clear disclosure of both direct and indirect dispositions and post-transaction ownership showing 0 shares held
- Reporting person no longer holds PPBI common stock following the merger dispositions
- Substantial indirect holdings disposed via The Fargo 2009 Rev Trust (308,358 shares), indicating full exit from PPBI equity
Insights
TL;DR: Director disposed all PPBI holdings due to a completed merger, eliminating his PPBI ownership.
The Form 4 documents an ownership change tied directly to the Merger Agreement with Columbia Banking System. A director-level insider reported both direct and indirect dispositions that reduced beneficial ownership to zero. This is a routine, agreement-driven transfer rather than an opportunistic sale, and the filing properly discloses indirect ownership via The Fargo 2009 Rev Trust. For governance review, confirmations that disclosures align with merger consideration and trust beneficiary changes are relevant.
TL;DR: Merger consideration converted PPBI shares into Columbia shares at a 0.9150 exchange ratio; fractional shares addressed in cash.
The filing confirms the merger closed on 08/31/2025 and effectuated an automatic conversion of each PPBI share into 0.9150 Columbia shares, with cash for fractions. The reported dispositions reflect the statutory conversion at the Effective Time rather than open-market transactions. Material for investors: equity positions in PPBI ceased and were replaced by Columbia consideration per the Merger Agreement.
Ayad A. Fargo, amministratore di Pacific Premier Bancorp, Inc. (PPBI), ha comunicato la cessione di tutte le sue azioni ordinarie PPBI il 31/08/2025 in relazione all'Agreement and Plan of Merger del 23 aprile 2025. Al momento dell'efficacia l'Emittente è stata incorporata in Columbia Banking System, Inc., e ogni azione PPBI è stata convertita nel diritto a ricevere 0,9150 azioni ordinarie di Columbia, con pagamento in contanti per eventuali frazioni. Il Form 4 indica che il sig. Fargo ha ceduto direttamente 21.793 azioni e indirettamente 308.358 azioni tramite The Fargo 2009 Rev Trust, rimanendo con 0 azioni in proprietà effettiva al termine delle transazioni.
Ayad A. Fargo, director de Pacific Premier Bancorp, Inc. (PPBI), informó la disposición de todas sus acciones ordinarias de PPBI el 31/08/2025 en relación con el Agreement and Plan of Merger de fecha 23 de abril de 2025. En el momento de entrada en vigor, el Emisor se fusionó con Columbia Banking System, Inc., y cada acción de PPBI fue convertida en el derecho a recibir 0.9150 acciones ordinarias de Columbia, abonándose en efectivo las fracciones. El Form 4 muestra que el Sr. Fargo dispuso de 21,793 acciones en forma directa y 308,358 acciones de forma indirecta a través de The Fargo 2009 Rev Trust, quedando con 0 acciones de titularidad beneficiosa tras las operaciones.
Ayad A. Fargo는 Pacific Premier Bancorp, Inc. (PPBI)의 이사로서 2025년 8월 31일 4월 23일자 합병계약(Agreement and Plan of Merger)에 따라 보유하던 모든 PPBI 보통주를 처분했다고 보고했습니다. 발효 시점에 발행회사는 Columbia Banking System, Inc.에 합병되었고, 각 PPBI 주식은 Columbia 보통주 0.9150주를 받을 권리로 전환되었으며, 소수주에 대해서는 현금으로 지급되었습니다. Form 4에는 Fargo 씨가 직접 21,793주, The Fargo 2009 Rev Trust를 통해 간접적으로 308,358주를 처분하여 거래 후 0주의 실질적 보유가 남았다고 기재되어 있습니다.
Ayad A. Fargo, administrateur de Pacific Premier Bancorp, Inc. (PPBI), a déclaré la cession de la totalité de ses actions ordinaires PPBI le 31/08/2025 en lien avec l'Agreement and Plan of Merger en date du 23 avril 2025. Au moment de l'entrée en vigueur, l'Émetteur a fusionné avec Columbia Banking System, Inc., et chaque action PPBI a été convertie en droit de recevoir 0,9150 action ordinaire Columbia, les fractions étant réglées en numéraire. Le formulaire 4 indique que M. Fargo a disposé directement de 21 793 actions et indirectement de 308 358 actions via The Fargo 2009 Rev Trust, ne conservant 0 action à titre bénéficiaire après les opérations.
Ayad A. Fargo, ein Direktor von Pacific Premier Bancorp, Inc. (PPBI), meldete die Veräußerung sämtlicher seiner PPBI-Stammaktien am 31.08.2025 im Zusammenhang mit dem Agreement and Plan of Merger vom 23. April 2025. Zum Wirksamkeitszeitpunkt ging der Emittent in der Columbia Banking System, Inc. auf, und jede PPBI-Aktie wurde in das Recht auf 0,9150 Columbia-Stammaktien umgewandelt; Bruchteile wurden bar abgegolten. Im Formular 4 ist vermerkt, dass Herr Fargo 21.793 Aktien direkt und 308.358 Aktien indirekt über The Fargo 2009 Rev Trust veräußerte und nach den Transaktionen 0 Aktien wirtschaftlich hielt.
