Debbra L. Schoneman - Nov 5, 2025 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Role
President
Signature
/s/ James Grant for Debbra L. Schoneman
Stock symbol
PIPR
Transactions as of
Nov 5, 2025
Transactions value $
-$578,326
Form type
4
Date filed
11/5/2025, 05:06 PM
Previous filing
Mar 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Schoneman Debbra L. President 350 NORTH 5TH STREET, SUITE 1000, MINNEAPOLIS /s/ James Grant for Debbra L. Schoneman 2025-11-05 0001435654

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Options Exercise $248K +2.5K +86.33% $99.00 5.4K Nov 5, 2025 Direct
transaction PIPR Common Stock Sale -$230K -700 -12.97% $328.68 4.7K Nov 5, 2025 Direct F1
transaction PIPR Common Stock Sale -$146K -443 -9.43% $330.09 4.25K Nov 5, 2025 Direct F2
transaction PIPR Common Stock Sale -$410K -1.24K -29.09% $331.19 3.02K Nov 5, 2025 Direct F3
transaction PIPR Common Stock Sale -$39.8K -120 -3.98% $331.98 2.9K Nov 5, 2025 Direct
holding PIPR Common Stock 56.3K Nov 5, 2025 Through Living Trust F4

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 PIPR Employee Stock Option (right to buy) Options Exercise $0 -2.5K -14.15% $0.00 15.2K Nov 5, 2025 Common Stock 2.5K $99.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 for the first three sales transactions on this report is a weighted average price. The shares sold in footnotes (1) through (3) were sold in multiple transactions at the price ranges provided in footnotes (1) through (3). These shares in footnote (1) were sold in multiple transactions at prices ranging from $328.4500 to $329.4300 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in footnotes (1) through (3) upon request by the SEC staff, the issuer or any shareholder of the issuer.
F2 These shares were sold in multiple transactions at prices ranging from $329.7550 to $330.4600 inclusive.
F3 These shares were sold in multiple transactions at prices ranging from $330.9000 to $331.5700 inclusive.
F4 The shares are held in revocable living trusts, of which the reporting person and the reporting person's spouse are co-trustees.