| | | | | | | | |
| Name* | | State or Jurisdiction of Entity |
| Piper Sandler & Co. | | Delaware |
| Piper Sandler Foundation | | Minnesota |
| Piper Sandler European Holdings Co. | | Delaware |
| Piper Sandler Ltd. | | United Kingdom |
| Parallel General Partner Limited | | Guernsey |
| Piper Sandler SP Ltd | | United Kingdom |
| Stamford Partners LLP | | United Kingdom |
| Piper Sandler Financial Products Inc. | | Delaware |
| Piper Sandler Financial Products II Inc. | | Delaware |
| Piper Jaffray Funding LLC | | Delaware |
| Piper Jaffray Lending LLC | | Delaware |
| Piper Jaffray Private Capital Inc. | | Delaware |
| PJC Capital LLC | | Delaware |
| Piper Sandler Investment Group Inc. | | Delaware |
| Piper Sandler Finance Management, LLC | | Delaware |
| PSC Capital Partners LLC | | Delaware |
| Piper Heartland Healthcare Capital, LLC | | Delaware |
| Piper Heartland Healthcare Capital Management LLC | | Delaware |
| Piper Heartland Healthcare Crossover Fund I, L.P. | | Delaware |
| PSC Capital Management LLC | | Delaware |
| Piper Sandler Merchant Banking Fund I, L.P. | | Delaware |
| PJC Merchant Banking Partners III, LLC | | Delaware |
| PJC Merchant Banking Partners IV, LLC | | Delaware |
| PSC Capital Management II LLC | | Delaware |
| Piper Sandler Merchant Banking Fund II, L.P. | | Delaware |
| PSC Capital Management III LLC | | Delaware |
| Piper Sandler Merchant Banking Fund III Employee, L.P. | | Delaware |
| Piper Sandler Merchant Banking Fund III, L.P | | Delaware |
| Piper Sandler Finance LLC | | Delaware |
| Piper Sandler Finance I, LLC | | Delaware |
| Piper Sandler Finance II, LLC | | Delaware |
| Piper Sandler Finance Funding I, LLC | | Delaware |
| Piper Sandler Real Estate Services, LLC | | Delaware |
| Piper Sandler Hong Kong Limited | | Hong Kong |
| Piper Sandler Loan Strategies, LLC | | Delaware |
| SOMF, LLC | | Delaware |
| Piper Sandler Advisors LLC | | Delaware |
| Piper Sandler Hedging Services, LLC | | Delaware |