FMR LLC Amends First Foundation Stake to 8.989%

TL;DR

**FMR LLC just updated their First Foundation Inc. stake to 8.989% of common stock.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in First Foundation Inc. (FFWM) to 8.989% of the common stock, totaling 5,074,294 shares, as of February 9, 2024. This is an amendment (Amendment No. 5) to a previous filing, indicating a change in their holdings. This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in the company's future prospects.

Why It Matters

Large institutional investors like FMR LLC often conduct extensive research; their buying or selling activity can influence market sentiment and the stock price of First Foundation Inc.

Risk Assessment

Risk Level: low — This filing simply updates an existing ownership stake and does not indicate any immediate high-risk events for First Foundation Inc.

Analyst Insight

Investors should monitor future 13G/A filings from FMR LLC for First Foundation Inc. to track any significant increases or decreases in their 8.989% stake, as these changes could signal institutional sentiment.

Key Numbers

• 5,074,294 — Shares Beneficially Owned (Total common stock shares of First Foundation Inc. owned by FMR LLC and Abigail P. Johnson.)
• 8.989% — Percent of Class (The percentage of First Foundation Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 005-87992 — SEC File Number (The unique identifier for First Foundation Inc.'s filings with the SEC.)
• 20240209 — Filed As Of Date (The date this SC 13G/A amendment was filed with the SEC.)
• 32026V104 — CUSIP Number (The unique identification number for First Foundation Inc.'s common stock.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• First Foundation Inc. (company) — subject company, issuer of common stock
• Abigail P. Johnson (person) — reporting person, associated with FMR LLC
• Boston, Massachusetts (company) — principal business office of FMR LLC
• Irvine, CA (company) — principal executive offices of First Foundation Inc.

Forward-Looking Statements

• FMR LLC will maintain a significant, but potentially fluctuating, stake in First Foundation Inc. over the next year. (FMR LLC) — medium confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001190.txt : 20240209 0000315066-24-001190.hdr.sgml : 20240209 20240209090302 ACCESSION NUMBER: 0000315066-24-001190 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: First Foundation Inc. CENTRAL INDEX KEY: 0001413837 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87992 FILM NUMBER: 24611634 BUSINESS ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 949-222-2030 MAIL ADDRESS: STREET 1: 18101 VON KARMAN AVE STREET 2: SUITE 700 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: KELLER FINANCIAL GROUP DATE OF NAME CHANGE: 20071001 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.5 FIRST FOUNDATION INC COMMON STOCK Cusip #32026V104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #32026V104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 5,074,294 Item 6: 0 Item 7: 5,074,294 Item 8: 0 Item 9: 5,074,294 Item 11: 8.989% Item 12: HC Cusip #32026V104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 5,074,294 Item 8: 0 Item 9: 5,074,294 Item 11: 8.989% Item 12: IN Item 1(a). Name of Issuer: FIRST FOUNDATION INC Item 1(b). Address of Issuer's Principal Executive Offices: 18101 VON KARMAN AVE, SUITE 700 IRVINE, CA 92612 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 32026V104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 5,074,294 (b) Percent of Class: 8.989% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 5,074,294 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of FIRST FOUNDATION INC. No one other person's interest in the COMMON STOCK of FIRST FOUNDATION INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicabl