Debbra L. Schoneman - Feb 29, 2024 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
Feb 29, 2024
Transactions value $
-$953,439
Form type
4
Date filed
3/4/2024, 06:31 PM
Previous filing
Feb 28, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Sale -$39K -205 -1.2% $190.05 16.9K Feb 29, 2024 Direct F1, F2
transaction PIPR Common Stock Sale -$647K -3.4K -20.09% $190.32 13.5K Mar 4, 2024 Direct F1, F3
transaction PIPR Common Stock Sale -$267K -1.39K -10.29% $191.68 12.1K Mar 4, 2024 Direct F1, F4
holding PIPR Common Stock 48.1K Feb 29, 2024 Through Living Trust F5
* 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 These shares were sold in multiple transactions at prices ranging from $190.0400 to $190.4100 inclusive.
F3 These shares were sold in multiple transactions at prices ranging from $190.0000 to $191.0000 inclusive.
F4 These shares were sold in multiple transactions at prices ranging from $191.0100 to $191.6750 inclusive.
F5 These shares are held in revocable living trusts, of which the reporting person and the reporting person's spouse are co-trustees.