Michael S. Karr - Aug 25, 2025 Form 4 Insider Report for PACIFIC PREMIER BANCORP INC (PPBI)

Signature
/s/ Michael S. Karr
Stock symbol
PPBI
Transactions as of
Aug 25, 2025
Transactions value $
-$983,348
Form type
4
Date filed
8/27/2025, 04:26 PM
Previous filing
Apr 2, 2025
Next filing
Sep 3, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Karr Michael S SEVP & Chief Risk Officer 17901 VON KARMAN AVE., SUITE 1200, IRVINE /s/ Michael S. Karr 2025-08-27 0001509690

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPBI PPBI Common Stock Options Exercise +45.2K +147.39% 75.8K Aug 25, 2025 Direct F1
transaction PPBI PPBI Common Stock Options Exercise +3.84K +5.07% 79.7K Aug 25, 2025 Direct F2
transaction PPBI PPBI Common Stock Tax liability -$983K -40.5K -50.78% $24.30 39.2K Aug 25, 2025 Direct F3
transaction PPBI PPBI Common Stock Gift $0 -39.2K -100% $0.00 0 Aug 27, 2025 Direct F4
transaction PPBI PPBI Common Stock Gift $0 +39.2K +44.46% $0.00 127K Aug 27, 2025 The Karr Family Revocable Trust dated February 15, 2005 F4, F5

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 PPBI PPBI Restricted Stock Unit Options Exercise $0 -14.1K -100% $0.00 0 Aug 25, 2025 PPBI Common Stock 14.1K Direct F6, F7
transaction PPBI PPBI Restricted Stock Unit Options Exercise $0 -15.5K -100% $0.00 0 Aug 25, 2025 PPBI Common Stock 15.5K Direct F6, F7
transaction PPBI PPBI Restricted Stock Unit Options Exercise $0 -15.7K -100% $0.00 0 Aug 25, 2025 PPBI Common Stock 15.7K Direct F6, F7
transaction PPBI Dividend Equivalent Rights Options Exercise -3.84K -100% 0 Aug 25, 2025 PPBI Common Stock 3.84K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of 45,184 shares of common stock underlying Restricted Stock Units that were accelerated and fully vested in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2025, by and among Columbia Banking System, Inc. ("Columbia"), Pacific Premier Bancorp, Inc. (the "Issuer") and Balboa Merger Sub, Inc., pursuant to which the Issuer plans to merge with and into Columbia on or about September 1, 2025.
F2 Each dividend equivalent right is the economic equivalent of one share of common stock. Dividend equivalent rights accrue on the reporting person's Restricted Stock Units and become vested proportionately with the Restricted Stock Units.
F3 Reflects payment of tax liability by withholding shares of stock incident to accelerated vesting of restricted stock, restricted stock units and dividend equivalent rights previously issued. The accelerated vesting and the release of stock was in connection with the Merger Agreement.
F4 On August 27, 2025, the reporting person transferred 39,216 directly owned shares of Issuer common stock to The Karr Family Revocable Trust dated February 15, 2005 (the "Trust"). The reporting person shares voting and dispositive control over shares held by the Trust.
F5 Shares held by the Trust dated February 15, 2005.
F6 Each Restricted Stock Unit represents the right to receive one share of common stock. Performance metrics, terms and/or conditions to which these Restricted Stock Units were originally subject were deemed, pursuant to the Merger Agreement, to have been achieved or satisfied, as applicable, at the target levels.
F7 Not applicable.