Form 4 for PWP Perella Weinberg Partners
Accepted 2024-05-20 00:00:00 ET · period of report 2024-05-16 · accession 0001777835-24-000111 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-05-20 | 2024-05-16 | PWP | STEEL ROBERT K | Dir | M - OptEx | $0.00 | +394.4K | 463.2K | +574% | $0 |
| DM | 2024-05-20 | 2024-05-16 | PWP | STEEL ROBERT K | Dir | D - Sale to Iss | $15.17 | -394.4K | 69.1K | -85% | -$5.98M |
| DI | 2024-05-20 | 2024-05-16 | PWP | STEEL ROBERT K | Dir | M - OptEx | $0.02 | -394.1K | 575.4K | -41% | -$7,881 |
| D | 2024-05-20 | 2024-05-16 | PWP | STEEL ROBERT K | Dir | M - OptEx | $15.17 | -394.1K | 575.4K | -41% | -$5.98M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-05-16 | M | A | 394,055 | $0.00 | 462,792 | D | — | — | |
| 2 | Common | Class A Common Stock | 2024-05-16 | D | D | 394.06 | $15.17 | 68,737 | D | — | — | |
| 3 | Common | Class A Common Stock | 2024-05-16 | D | D | 394,055 | $15.17 | 69,131 | D | — | — | |
| 4 | Common | Class A Common Stock | 2024-05-16 | M | A | 394.06 | $0.00 | 463,186 | D | — | — | |
| 5 | Derivative | Class B-1 Common Stock | 2024-05-16 | M | D | 394,055 | $0.02 | 575,358 | I PWP VoteCo Professionals LP | — · — to — | 394.06 Class A Common Stock | (F3) Concurrently with an exchange of PWP Holdings LP Common Units (which represent Class A partnership units of PWP Holdings LP) ("PWP OpCo Units") for shares of Class A common stock ("Class A Shares") or cash by a PWP Holdings LP unitholder ("Unitholder") who also holds shares of Class B-1 common stock ("Class B-1 Shares"), such Unitholder will be required to surrender to the Issuer a number of Class B-1 Shares equal to the number of PWP OpCo Units exchanged, and such Class B-1 Shares will be converted into Class A Shares or, at the option of the Issuer, for an equivalent amount of cash, which will be delivered to such Unitholder at a conversion rate of 0.001 Class A Share for one Class B-1 Share. |
| 6 | Derivative | PWP Holdings LP Common Units | 2024-05-16 | M | D | 394,055 | $15.17 | 575,358 | D | — · — to — | 394,055 Class A Common Stock | (F4) Subject to certain lock-up periods, PWP OpCo Units, upon the surrender of an equal number of Class B-1 Shares, may be exchanged for Class A Shares on a one-for-one basis or, at the option of the Issuer, for an equivalent amount of cash. PWP OpCo Units do not expire. |