Philip E. Soran - 18 Nov 2025 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Role: Director
Signature: /s/ James Grant for Philip E. Soran
Issuer symbol: PIPR
Transactions as of: 18 Nov 2025
Net transactions value: -$189,596
Form type: 4
Filing time: 19 Nov 2025, 16:21:01 UTC
Previous filing: 01 Oct 2025
Next filing: 15 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SORAN PHILIP	Director	350 NORTH 5TH STREET, SUITE 1000, MINNEAPOLIS	/s/ James Grant for Philip E. Soran	19 Nov 2025	0001233126

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PIPR	Common Stock	Sale	$189,596	-598	-3%	$317.05	19,217	18 Nov 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.0400 to $317.1600 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.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.0400 to $317.1600 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.