# EDGAR Filing Document

**Accession Number:** 0000724683
**File Stem:** 0000724683-26-000018
**Filing Date:** 2026-2
**Character Count:** 2712
**Document Hash:** 2996f107b9fad833533aad4196bfc904
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000724683-26-000018.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000724683-26-000018

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**EFFECTIVENESS DATE**: 20260226

**PERIOD START**: 20250101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIPER SANDLER & CO.
- **CENTRAL INDEX KEY:** 0000724683

**ORGANIZATION NAME:**
- **EIN:** 410953246
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-15204
- **FILM NUMBER:** 26686674

**BUSINESS ADDRESS:**
- **STREET 1:** 350 N 5TH STREET
- **STREET 2:** SUITE 1000
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 612-303-6843

**MAIL ADDRESS:**
- **STREET 1:** 350 N 5TH STREET
- **STREET 2:** SUITE 1000
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIPER JAFFRAY & CO.
- **DATE OF NAME CHANGE:** 20200106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIPER SANDLER & CO.
- **DATE OF NAME CHANGE:** 20191225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIPER JAFFRAY & CO.
- **DATE OF NAME CHANGE:** 20040105

### Attached PDF Documents

**Attachment 1:** `a2025_x17a5xshort.pdf`

_No text found in this document._

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0000724683

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** No

### Submission Information

**Report Period Begin Date:** 01-01-2025

**Report Period End Date:** 12-31-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** Piper Sandler & Co.

**Business Address:** 350 North 5th Street, Suite 1000, Minneapolis, MN, 55401

**Contact Person:** Katherine P. Clune

**Contact Phone:** 212-466-7799

### Independent Public Accountant Identification

**Accountant Name:** Ernst & Young LLP

**Accountant Address:** 700 Nicollet Mall, Suite 500, Minneapolis, MN, 55402

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Katherine P. Clune**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **Piper Sandler & Co.**, as of **02-26-2026**, are true and correct.

**Signature:** Katherine P. Clune

**Title:** Chief Financial Officer