James P. Baker - 26 Feb 2026 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Signature
/s/ James Grant for James P. Baker
Issuer symbol
PIPR
Transactions as of
26 Feb 2026
Net transactions value
$0
Form type
4
Filing time
02 Mar 2026, 16:02:48 UTC
Previous filing
19 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baker James P Global Co-Head IB and Cap Mkts 350 NORTH 5TH STREET, SUITE 1000, MINNEAPOLIS /s/ James Grant for James P. Baker 02 Mar 2026 0001763980

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Award $0 +7,377 +12% $0.000000 69,069 26 Feb 2026 Direct F1
transaction PIPR Common Stock Tax liability $0 -2,903 -4.2% $0.000000 66,166 26 Feb 2026 Direct
holding PIPR Common Stock 25,699 26 Feb 2026 By Spouse as sole Trustee and Beneficiary for Irrevocable Trust F2
holding PIPR Common Stock 25,699 26 Feb 2026 By Irrevocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represented a contingent right to receive one share of PIPR common stock. The performance share units vested 163% overall, with 126% vesting of the portion of the award based on attaining certain levels of adjusted return on equity and 200% vesting of the portion of the award based on relative total shareholder return within a group of peer companies, both as measured from January 1, 2023 through December 31, 2025.
F2 The shares are held in an irrevocable trust for the benefit of the reporting person's spouse. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3 The shares are held in an irrevocable trust for the benefit of the reporting person. The reporting person is trustee of the trust.