Notes: January 3, 2020 -- Pursuant to the Agreement and Plans of Merger, dated as of July 9, 2019, by and among Piper Sandler Companies (formerly known as Piper Jaffray Companies), a Delaware corporation (the “Company”), SOP Holdings, LLC, a Delaware limited liability company and certain of its subsidiaries, including Sandler O’Neill & Partners L.P., a Delaware limited partnership (collectively, “Sandler O’Neill”), and the other parties thereto, the Company completed its previously announced acquisition of one hundred percent of the outstanding ownership interests of Sandler O’Neill. In accordance with the Merger Agreement, the aggregate purchase price paid by the Company to the sellers of Sandler O’Neill was $485 million. Effective as of the closing of the Transaction (the “Closing”), the Company changed its the name from “Piper Jaffray Companies” to “Piper Sandler Companies” and changed the ticker symbol for the shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”) trading on the New York Stock Exchange, from “PJC” to “PIPR”. In addition, effective as of the Closing, the Company’s wholly owned broker-dealer subsidiary Piper Jaffray & Co. changed its name to “Piper Sandler & Co.” (“PS&Co.”).