[Form 4] Pacific Premier Bancorp Inc Insider Trading Activity
Jeff C. Jones, a director of Pacific Premier Bancorp, Inc. (PPBI), reported the disposition of all his PPBI common stock on 08/31/2025 related to the merger with Columbia Banking System, Inc. The Form 4 shows Mr. Jones disposed of 8,901 shares held directly, 134,611 shares held indirectly through The Jones Family Trust, and 6,000 shares held indirectly by his spouse, leaving him with 0 shares of PPBI following the reported transactions. The filing states that at the merger effective time each PPBI share was converted into the right to receive 0.9150 shares of Columbia common stock, with cash paid for fractional shares.
The disposition is disclosed as occurring pursuant to the Agreement and Plan of Merger dated April 23, 2025, with the Effective Time on August 31, 2025. The Form 4 is signed by Jeff C. Jones on 09/03/2025 and identifies his relationship to the issuer as Director.
Jeff C. Jones, membro del consiglio di amministrazione di Pacific Premier Bancorp, Inc. (PPBI), ha comunicato la cessione di tutte le sue azioni ordinarie PPBI il 31/08/2025 in relazione alla fusione con Columbia Banking System, Inc. Il Modulo 4 indica che il Sig. Jones ha ceduto 8.901 azioni detenute direttamente, 134.611 azioni detenute indirettamente tramite The Jones Family Trust e 6.000 azioni detenute indirettamente da sua moglie, restando con 0 azioni di PPBI dopo le operazioni riportate. La pratica specifica che, al momento dell’efficacia della fusione, ogni azione PPBI è stata convertita nel diritto a ricevere 0,9150 azioni ordinarie di Columbia, con pagamento in contanti per le frazioni di azione.
La cessione è dichiarata come eseguita ai sensi dell’Agreement and Plan of Merger datato 23 aprile 2025, con Effective Time il 31 agosto 2025. Il Modulo 4 è firmato da Jeff C. Jones il 03/09/2025 e indica la sua qualifica rispetto all’emittente come Director.
Jeff C. Jones, director de Pacific Premier Bancorp, Inc. (PPBI), informó la disposición de todas sus acciones ordinarias de PPBI el 31/08/2025 en relación con la fusión con Columbia Banking System, Inc. El Formulario 4 muestra que el Sr. Jones dispuso de 8.901 acciones en propiedad directa, 134.611 acciones indirectas a través de The Jones Family Trust y 6.000 acciones indirectas por parte de su cónyuge, quedando con 0 acciones de PPBI tras las transacciones comunicadas. La presentación indica que, en el momento efectivo de la fusión, cada acción de PPBI se convirtió en el derecho a recibir 0,9150 acciones ordinarias de Columbia, con pago en efectivo por las fracciones.
La disposición se declara realizada conforme al Agreement and Plan of Merger con fecha 23 de abril de 2025, con Effective Time el 31 de agosto de 2025. El Formulario 4 está firmado por Jeff C. Jones el 03/09/2025 e identifica su relación con el emisor como Director.
Pacific Premier Bancorp, Inc. (PPBI)의 이사인 Jeff C. Jones는 Columbia Banking System, Inc.와의 합병과 관련하여 2025년 8월 31일에 보유 중인 모든 PPBI 보통주를 처분했다고 보고했습니다. Form 4에 따르면 Jones 씨는 직접 보유한 8,901주, The Jones Family Trust를 통해 간접 보유한 134,611주, 배우자를 통해 간접 보유한 6,000주를 처분하여 해당 거래 이후 PPBI 주식 0주를 보유하게 되었습니다. 제출서류에는 합병 발효 시 각 PPBI 주식이 Columbia 보통주 0.9150주를 수령할 권리로 전환되며, 소수주에 대해서는 현금이 지급된다고 명시되어 있습니다.
해당 처분은 2025년 4월 23일자 Agreement and Plan of Merger에 따라 이루어진 것으로 공개되었으며, 발효 시점(Effective Time)은 2025년 8월 31일입니다. Form 4는 2025년 9월 3일 Jeff C. Jones가 서명했으며, 발행회사와의 관계는 Director로 기재되어 있습니다.
Jeff C. Jones, administrateur de Pacific Premier Bancorp, Inc. (PPBI), a signalé la cession de la totalité de ses actions ordinaires PPBI le 31/08/2025, en lien avec la fusion avec Columbia Banking System, Inc. Le formulaire 4 indique que M. Jones a disposé de 8 901 actions détenues directement, de 134 611 actions détenues indirectement via The Jones Family Trust et de 6 000 actions détenues indirectement par son conjoint, le laissant avec 0 actions de PPBI après les opérations déclarées. Le dépôt précise qu’au moment d’entrée en vigueur de la fusion, chaque action PPBI a été convertie en droit de recevoir 0,9150 action ordinaire de Columbia, les fractions d’action ayant été réglées en espèces.
La cession est divulguée comme réalisée en vertu de l’Agreement and Plan of Merger daté du 23 avril 2025, avec Effective Time le 31 août 2025. Le formulaire 4 est signé par Jeff C. Jones le 03/09/2025 et indique sa relation avec l’émetteur comme Director.
Jeff C. Jones, Direktor von Pacific Premier Bancorp, Inc. (PPBI), meldete am 31.08.2025 die Veräußerung seines gesamten PPBI-Stammkapitals im Zusammenhang mit der Fusion mit Columbia Banking System, Inc. Das Formular 4 weist aus, dass Herr Jones 8.901 Aktien direkt gehaltene Anteile, 134.611 Aktien, die er indirekt über The Jones Family Trust hielt, und 6.000 Aktien, die indirekt durch seine Ehefrau gehalten wurden, veräußerte und damit nach den gemeldeten Transaktionen 0 Aktien von PPBI besitzt. Die Einreichung besagt, dass zum Wirksamkeitszeitpunkt der Fusion jede PPBI-Aktie in das Recht auf den Erhalt von 0,9150 Columbia-Stammaktien umgewandelt wurde; Bruchteile wurden bar ausgeglichen.
Die Veräußerung wird als durchgeführt gemäß dem Agreement and Plan of Merger vom 23. April 2025 offengelegt, mit Effective Time am 31. August 2025. Das Formular 4 ist von Jeff C. Jones am 03.09.2025 unterzeichnet und nennt seine Beziehung zum Emittenten als Director.
- Merger completion disclosed: The filing confirms PPBI was merged into Columbia, and the effective conversion terms (0.9150 Columbia shares per PPBI share) are provided.
- Full compliance with Section 16 reporting: The Form 4 identifies the reporting person, relationship, transaction dates, and provides a signed disclosure dated 09/03/2025.
- Director no longer holds PPBI shares: Post-transaction reported beneficial ownership is 0 shares, removing insider ownership of PPBI common stock.
- Significant indirect disposition: A total of 140,611 shares were disposed indirectly via trust and spouse, representing a material insider ownership change for this individual.
Insights
TL;DR: Director disposed all PPBI holdings in connection with the Columbia merger; conversion ratio disclosed at 0.9150.
The Form 4 documents a complete disposition of PPBI common stock by director Jeff C. Jones on 08/31/2025, consisting of 8,901 shares directly and 140,611 shares indirectly through family trust and spouse, resulting in zero retained PPBI shares. The filing confirms the corporate action driving the disposals was the Merger Agreement with Columbia, which converted PPBI shares into Columbia shares at a 0.9150 exchange ratio and provided cash for fractional shares. For investors, this is an administrative insider report of ownership change tied to a completed M&A transaction rather than voluntary open-market selling.
TL;DR: Insider disclosure aligns with Section 16 reporting for a merger-related disposition; ownership reduced to zero.
The disclosure is consistent with Section 16 requirements: it identifies the reporting person, relationship (Director), transaction date (08/31/2025), and the nature of the disposition linked to the Merger Agreement dated April 23, 2025. The explanation clarifies conversion mechanics (0.9150 Columbia shares per PPBI share) and treatment of fractional shares. The signature dated 09/03/2025 completes the Form 4 filing obligations. This is a routine, material corporate-event disclosure rather than an indicator of governance concerns.
Jeff C. Jones, membro del consiglio di amministrazione di Pacific Premier Bancorp, Inc. (PPBI), ha comunicato la cessione di tutte le sue azioni ordinarie PPBI il 31/08/2025 in relazione alla fusione con Columbia Banking System, Inc. Il Modulo 4 indica che il Sig. Jones ha ceduto 8.901 azioni detenute direttamente, 134.611 azioni detenute indirettamente tramite The Jones Family Trust e 6.000 azioni detenute indirettamente da sua moglie, restando con 0 azioni di PPBI dopo le operazioni riportate. La pratica specifica che, al momento dell’efficacia della fusione, ogni azione PPBI è stata convertita nel diritto a ricevere 0,9150 azioni ordinarie di Columbia, con pagamento in contanti per le frazioni di azione.
La cessione è dichiarata come eseguita ai sensi dell’Agreement and Plan of Merger datato 23 aprile 2025, con Effective Time il 31 agosto 2025. Il Modulo 4 è firmato da Jeff C. Jones il 03/09/2025 e indica la sua qualifica rispetto all’emittente come Director.
Jeff C. Jones, director de Pacific Premier Bancorp, Inc. (PPBI), informó la disposición de todas sus acciones ordinarias de PPBI el 31/08/2025 en relación con la fusión con Columbia Banking System, Inc. El Formulario 4 muestra que el Sr. Jones dispuso de 8.901 acciones en propiedad directa, 134.611 acciones indirectas a través de The Jones Family Trust y 6.000 acciones indirectas por parte de su cónyuge, quedando con 0 acciones de PPBI tras las transacciones comunicadas. La presentación indica que, en el momento efectivo de la fusión, cada acción de PPBI se convirtió en el derecho a recibir 0,9150 acciones ordinarias de Columbia, con pago en efectivo por las fracciones.
La disposición se declara realizada conforme al Agreement and Plan of Merger con fecha 23 de abril de 2025, con Effective Time el 31 de agosto de 2025. El Formulario 4 está firmado por Jeff C. Jones el 03/09/2025 e identifica su relación con el emisor como Director.
Pacific Premier Bancorp, Inc. (PPBI)의 이사인 Jeff C. Jones는 Columbia Banking System, Inc.와의 합병과 관련하여 2025년 8월 31일에 보유 중인 모든 PPBI 보통주를 처분했다고 보고했습니다. Form 4에 따르면 Jones 씨는 직접 보유한 8,901주, The Jones Family Trust를 통해 간접 보유한 134,611주, 배우자를 통해 간접 보유한 6,000주를 처분하여 해당 거래 이후 PPBI 주식 0주를 보유하게 되었습니다. 제출서류에는 합병 발효 시 각 PPBI 주식이 Columbia 보통주 0.9150주를 수령할 권리로 전환되며, 소수주에 대해서는 현금이 지급된다고 명시되어 있습니다.
해당 처분은 2025년 4월 23일자 Agreement and Plan of Merger에 따라 이루어진 것으로 공개되었으며, 발효 시점(Effective Time)은 2025년 8월 31일입니다. Form 4는 2025년 9월 3일 Jeff C. Jones가 서명했으며, 발행회사와의 관계는 Director로 기재되어 있습니다.
Jeff C. Jones, administrateur de Pacific Premier Bancorp, Inc. (PPBI), a signalé la cession de la totalité de ses actions ordinaires PPBI le 31/08/2025, en lien avec la fusion avec Columbia Banking System, Inc. Le formulaire 4 indique que M. Jones a disposé de 8 901 actions détenues directement, de 134 611 actions détenues indirectement via The Jones Family Trust et de 6 000 actions détenues indirectement par son conjoint, le laissant avec 0 actions de PPBI après les opérations déclarées. Le dépôt précise qu’au moment d’entrée en vigueur de la fusion, chaque action PPBI a été convertie en droit de recevoir 0,9150 action ordinaire de Columbia, les fractions d’action ayant été réglées en espèces.
La cession est divulguée comme réalisée en vertu de l’Agreement and Plan of Merger daté du 23 avril 2025, avec Effective Time le 31 août 2025. Le formulaire 4 est signé par Jeff C. Jones le 03/09/2025 et indique sa relation avec l’émetteur comme Director.
Jeff C. Jones, Direktor von Pacific Premier Bancorp, Inc. (PPBI), meldete am 31.08.2025 die Veräußerung seines gesamten PPBI-Stammkapitals im Zusammenhang mit der Fusion mit Columbia Banking System, Inc. Das Formular 4 weist aus, dass Herr Jones 8.901 Aktien direkt gehaltene Anteile, 134.611 Aktien, die er indirekt über The Jones Family Trust hielt, und 6.000 Aktien, die indirekt durch seine Ehefrau gehalten wurden, veräußerte und damit nach den gemeldeten Transaktionen 0 Aktien von PPBI besitzt. Die Einreichung besagt, dass zum Wirksamkeitszeitpunkt der Fusion jede PPBI-Aktie in das Recht auf den Erhalt von 0,9150 Columbia-Stammaktien umgewandelt wurde; Bruchteile wurden bar ausgeglichen.
Die Veräußerung wird als durchgeführt gemäß dem Agreement and Plan of Merger vom 23. April 2025 offengelegt, mit Effective Time am 31. August 2025. Das Formular 4 ist von Jeff C. Jones am 03.09.2025 unterzeichnet und nennt seine Beziehung zum Emittenten als Director.
FAQ
What did Jeff C. Jones report on Form 4 for PPBI?
Why were the PPBI shares disposed according to the filing?
What was the transaction date and when was the Form 4 signed?
How many shares did the reporting person hold indirectly and through what entities?
What happens to fractional shares under the merger?
