Chad R. Abraham - May 3, 2023 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Signature
/s/ James Grant for Chad R. Abraham
Stock symbol
PIPR
Transactions as of
May 3, 2023
Transactions value $
-$2,773,584
Form type
4
Date filed
5/5/2023, 05:13 PM
Previous filing
Feb 28, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Sale -$151K -1.2K -2.32% $125.97 50.4K May 3, 2023 Direct F1, F2
transaction PIPR Common Stock Sale -$676K -5.34K -10.59% $126.50 45.1K May 3, 2023 Direct F1, F3
transaction PIPR Common Stock Sale -$480K -3.75K -8.33% $127.78 41.3K May 3, 2023 Direct F1, F4
transaction PIPR Common Stock Sale -$265K -2.06K -4.99% $128.46 39.3K May 3, 2023 Direct F1, F5
transaction PIPR Common Stock Sale -$25.9K -200 -0.51% $129.54 39.1K May 3, 2023 Direct F1, F6
transaction PIPR Common Stock Sale -$36.5K -300 -0.77% $121.62 38.8K May 4, 2023 Direct F1, F7
transaction PIPR Common Stock Sale -$360K -2.92K -7.54% $123.15 35.8K May 4, 2023 Direct F1, F8
transaction PIPR Common Stock Sale -$443K -3.58K -9.98% $123.99 32.3K May 4, 2023 Direct F1, F9
transaction PIPR Common Stock Sale -$80.3K -644 -2% $124.64 31.6K May 4, 2023 Direct F1, F10
transaction PIPR Common Stock Sale -$256K -1.97K -6.23% $130.05 29.6K May 5, 2023 Direct F1, F11
holding PIPR Common Stock 55K May 3, 2023 Through Living Trust F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The shares of common stock were sold pursuant to a 10b5-1 trading plan.
F2 The price reported in Column 4 for all transactions on this report is a weighted average price. The shares sold in footnotes (2) through (11) were sold in multiple transactions at the price ranges provided in footnotes (2) through (11). These shares in footnote (2) were sold in multiple transactions at prices ranging from $125.8700 to $126.0800 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 (2) through (11) upon request by the SEC staff, the issuer or any shareholder of the issuer.
F3 These shares were sold in multiple transactions at prices ranging from $126.0900 to $127.0600 inclusive.
F4 These shares were sold in multiple transactions at prices ranging from $127.1700 to $128.1700 inclusive.
F5 These shares were sold in multiple transactions at prices ranging from $128.1750 to $128.8000 inclusive.
F6 These shares were sold in multiple transactions at prices ranging from $129.5000 to $129.5800 inclusive.
F7 These shares were sold in multiple transactions at prices ranging from $121.4600 to $121.9300 inclusive.
F8 These shares were sold in multiple transactions at prices ranging from $122.5500 to $123.5500 inclusive.
F9 These shares were sold in multiple transactions at prices ranging from $123.5600 to $124.3700 inclusive.
F10 These shares were sold in multiple transactions at prices ranging from $124.5700 to $124.8750 inclusive.
F11 These shares were sold in multiple transactions at prices ranging from $130.0000 to $130.2700 inclusive.
F12 These shares were previously reported as directly beneficially owned, and are held in a revocable living trust, of which the reporting person and the reporting person's spouse are trustees, and the reporting person is a beneficiary.