Scott F. Kavanaugh - Feb 28, 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
Stock symbol
FFWM
Transactions as of
Feb 28, 2023
Transactions value $
-$67,966
Form type
4
Date filed
3/1/2023, 01:31 PM
Previous filing
Feb 24, 2023
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFWM Common Stock Options Exercise $173K +11.5K +11.96% $15.07 107K Feb 28, 2023 Direct F1
transaction FFWM Common Stock Tax liability -$68K -4.51K -4.2% $15.07 103K Feb 28, 2023 Direct F1
holding FFWM Common Stock 1.29M Feb 28, 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 -$173K -11.5K -33.33% $15.07 22.9K Feb 28, 2023 Common Stock 11.5K Direct F2, F3, F4, F5
holding FFWM Restricted Stock Unit 5.5K Feb 28, 2023 Common Stock 5.5K Direct F2, F3, F5, F6
* 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: 2/28/2023, 2/28/2024, and 2/28/2025
F5 No expiration date for this type of award
F6 Vesting dates 2/22/2022, 2/22/2023, 2/22/2024