Debbra L. Schoneman - Dec 4, 2023 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Role
President
Signature
/s/ James Grant for Debbra L. Schoneman
Stock symbol
PIPR
Transactions as of
Dec 4, 2023
Transactions value $
-$802,776
Form type
4
Date filed
12/5/2023, 05:05 PM
Previous filing
Feb 28, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Sale -$647K -4.03K -16.15% $160.42 20.9K Dec 4, 2023 Direct F1, F2
transaction PIPR Common Stock Sale -$156K -966 -4.61% $161.12 20K Dec 4, 2023 Direct F1, F3
holding PIPR Common Stock 53.1K Dec 4, 2023 Through Living Trust F4
* 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 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.0000 to $161.0000 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 this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.0300 to $161.2500 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 this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
F4 These shares were previously reported as directly beneficially owned, and are held in revocable living trusts, of which the reporting person and the reporting person's spouse are co-trustees.