Scott F. Kavanaugh - 22 Feb 2023 Form 4 Insider Report for First Foundation Inc. (FFWM)

Role
Chief Executive Officer, Director
Signature
/s/ Paul Newton attorney in fact for Scott F. Kavanaugh
Issuer symbol
FFWM
Transactions as of
22 Feb 2023
Net transactions value
-$63,147
Form type
4
Filing time
24 Feb 2023, 16:06:45 UTC
Previous filing
23 Feb 2023
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFWM Common Stock Options Exercise $78,004 +5,183 +5.8% $15.05 94,506 23 Feb 2023 Direct F1
transaction FFWM Common Stock Tax liability $30,687 -2,039 -2.2% $15.05 92,467 23 Feb 2023 Direct F1
transaction FFWM Common Stock Options Exercise $82,515 +5,501 +5.9% $15.00 97,968 22 Feb 2023 Direct F1
transaction FFWM Common Stock Tax liability $32,460 -2,164 -2.2% $15.00 95,804 22 Feb 2023 Direct F1
holding FFWM Common Stock 1,291,529 22 Feb 2023 Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFWM Restricted Stock Unit Options Exercise $78,004 -5,183 -100% $15.05 0 23 Feb 2023 Common Stock 5,183 Direct F2, F3, F4, F5
transaction FFWM Restricted Stock Unit Options Exercise $82,515 -5,501 -50% $15.00 5,501 22 Feb 2023 Common Stock 5,501 Direct F2, F3, F5, F6
holding FFWM Restricted Stock Unit 34,390 22 Feb 2023 Common Stock 34,390 Direct F2, F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU with Executives Vesting vesting schedule
F2 No exercise price for this type of award
F3 No exercisable date for this type of award
F4 Vesting dates: 02/23/2021, 02/23/2022, and 02/23/2023
F5 No expiration date for this type of award
F6 Vesting dates 2/22/2022, 2/22/2023, 2/22/2024
F7 Vesting dates: 2/28/2023, 2/28/2024, and 2/28/2025