Ulrich E. Keller Jr. - 22 Feb 2023 Form 4 Insider Report for First Foundation Inc. (FFWM)

Role: Chairman, Director
Signature: /s/ Paul Newton attorney in fact for Ulrich E. Keller
Issuer symbol: FFWM
Transactions as of: 22 Feb 2023
Net transactions value: -$4,823
Form type: 4
Filing time: 24 Feb 2023, 16:11:16 UTC
Previous filing: 03 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	$7,314	+486	+2.4%	$15.05	20,486	23 Feb 2023	Direct	F1
transaction	FFWM	Common Stock	Tax liability	$2,528	-168	-0.82%	$15.05	20,318	23 Feb 2023	Direct	F1
transaction	FFWM	Common Stock	Options Exercise	$6,645	+443	+2.2%	$15.00	20,761	22 Feb 2023	Direct	F1
transaction	FFWM	Common Stock	Tax liability	$2,295	-153	-0.74%	$15.00	20,608	22 Feb 2023	Direct	F1
holding	FFWM	Common Stock						1,263,014	22 Feb 2023	Family Trust
holding	FFWM	Common Stock						693,000	22 Feb 2023	Limited Partnership
holding	FFWM	Common Stock						245,000	22 Feb 2023	Spouse

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	$7,314	-486	-100%	$15.05	0	23 Feb 2023	Common Stock	486		Direct	F2, F3, F4, F5
transaction	FFWM	Restricted Stock Unit	Options Exercise	$6,645	-443	-50%	$15.00	443	22 Feb 2023	Common Stock	443		Direct	F2, F3, F5, F6
holding	FFWM	Restricted Stock Unit						2,563	22 Feb 2023	Common Stock	2,563		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