Christopher M. Naghibi - 18 Feb 2025 Form 4 Insider Report for First Foundation Inc. (FFWM)

Role: Chief Operating Officer
Signature: /s/ Paul Newton attorney in fact for Christopher M. Naghibi
Issuer symbol: FFWM
Transactions as of: 18 Feb 2025
Transactions value $: $0
Form type: 4
Filing time: 21 Feb 2025, 06:00:53 UTC
Previous filing: 08 Nov 2024
Next filing: 03 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFWM	Common Stock	Award	$0	+28.2K	+65.85%	$0.00	71K	18 Feb 2025	Direct	F1
holding	FFWM	Common Stock						1.04K	18 Feb 2025	Son's 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	Award	$0	+42.3K		$0.00	42.3K	18 Feb 2025	Common Stock	42.3K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction involved the reporting person's receipt of a grant of 28,195 time-vested restricted stock units ("RSUs") under First Foundation Inc.'s 2024 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the registrant's common stock.
F2	The reported transaction involved the reporting person's receipt of a grant of a maximum of 42,293 performance-vested RSUs under First Foundation Inc.'s 2024 Equity Incentive Plan. A maximum of one-half of these RSUs may vest on each of the one and two year anniversaries of the grant date, in each case subject to continuous employment and subject to the achievement of certain performance criteria and strategic goals during each such one year period.

Content

The reported transaction involved the reporting person's receipt of a grant of 28,195 time-vested restricted stock units ("RSUs") under First Foundation Inc.'s 2024 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the registrant's common stock.

The reported transaction involved the reporting person's receipt of a grant of a maximum of 42,293 performance-vested RSUs under First Foundation Inc.'s 2024 Equity Incentive Plan. A maximum of one-half of these RSUs may vest on each of the one and two year anniversaries of the grant date, in each case subject to continuous employment and subject to the achievement of certain performance criteria and strategic goals during each such one year period.