Director Mitchell Robbin awarded 69 Piper Sandler (PIPR) shares

Rhea-AI Filing Summary

Mitchell Robbin reported acquisition or exercise transactions in this Form 4 filing.

Director Mitchell Robbin of Piper Sandler Companies reported receiving an award of 69 shares of common stock, recorded at a price of $0.00 per share. Following this compensation-related grant, he directly holds 3,460 shares of Piper Sandler common stock.

The award reflects dividend equivalents on phantom stock credited under the directors' deferred compensation plan, which will ultimately be paid out in an equal number of common shares after his service as a director ends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mitchell Robbin

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	69	$0.00	--

Holdings After Transaction: Common Stock — 3,460 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mitchell Robbin

(Last) (First) (Middle)

350 NORTH 5TH STREET, SUITE 1000

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PIPER SANDLER COMPANIES [ PIPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		A		69(1)	A	$0	3,460	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Dividend equivalents that are paid on shares of phantom stock are deemed reinvested in additional shares of phantom stock as of the payment date. These phantom shares accrue to the reporting person's account in the directors' deferred compensation plan. The shares of phantom stock become payable, in an equal number of shares of common stock, on the last day of the year in which the reporting person's service as a director terminates.

Remarks:

	/s/ James Grant for Robbin Mitchell	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Mitchell Robbin report at Piper Sandler (PIPR)?

Mitchell Robbin reported receiving an award of 69 shares of Piper Sandler common stock. The transaction was coded as a grant or other acquisition, reflecting compensation rather than an open-market purchase or sale.

Was Mitchell Robbin’s Piper Sandler (PIPR) transaction a market buy or sell?

The transaction was not a market buy or sell; it was a grant coded as an acquisition (code A). The 69 shares were awarded at $0.00 per share as part of director compensation arrangements.

How many Piper Sandler (PIPR) shares does Mitchell Robbin hold after this filing?

After the reported grant, Mitchell Robbin directly holds 3,460 shares of Piper Sandler common stock. This total includes the newly awarded 69 shares credited in the latest compensation-related transaction.

What does the footnote about phantom stock mean in the Piper Sandler (PIPR) Form 4?

The footnote explains that dividend equivalents on phantom stock are reinvested into additional phantom shares in a deferred compensation plan. These phantom shares are later paid out in an equal number of common stock shares after the director’s service ends.

When will the phantom stock related to Piper Sandler (PIPR) be paid to Mitchell Robbin?

Phantom stock credited to Mitchell Robbin’s deferred compensation plan becomes payable in an equal number of common shares. Payment occurs on the last day of the year in which his service as a director terminates.