Lee Ji-Yeun 4
4 · PJT Partners Inc. · Filed Feb 7, 2025
Insider Transaction Report
Form 4
Lee Ji-Yeun
Managing Partner
Transactions
- Exercise/Conversion
Partnership Units of PJT Partners Holdings LP
2025-02-06$176.99/sh−30,000$5,309,799→ 725,410 total→ Class A Common Stock (30,000 underlying)
Holdings
- 100,000(indirect: By Trust)
Partnership Units of PJT Partners Holdings LP
→ Class A Common Stock (100,000 underlying)
Footnotes (4)
- [F1]On December 4, 2024, the Reporting Person submitted an Election to Exchange 30,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units"), with such exchange to be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's quarterly earnings results.
- [F2]Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, Partnership Units may be exchanged for cash, or at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.
- [F3]Effective February 6, 2025, the Reporting Person's Partnership Units were exchange for cash.
- [F4]Includes Partnership Units that were acquiared upon the occurrence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 725,410 Partnership Units reported as directly owned, 30,246 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.