Travin David Adam 4

What Happened

• David Travin, General Counsel of PJT Partners, received an equity award of 6,823 LTIP Units (reported as a derivative security) on February 9, 2026. The reported acquisition price is $0.00, reflecting a compensatory grant rather than a cash purchase. This award is coded as an "A" (award/grant).
• These LTIP Units are long‑term incentive awards (see Key Details) and are not the same as immediately tradable shares of PJT common stock.

Key Details

• Transaction date: 2026-02-09; Report filed: 2026-02-11 (timely filing).
• Transaction type/code: Grant/Award (A); reported as a derivative security (LTIP Units).
• Quantity and price: 6,823 LTIP Units @ $0.00.
• Vesting/conversion: LTIP Units generally vest ratably over three years on March 1, 2028, March 1, 2029 and March 1, 2030 (Footnote F1). Upon certain events, LTIP Units can convert one-for-one into Partnership Units; Partnership Units may be exchanged quarterly for cash or, at the issuer’s election, for one share of Class A common stock per unit.
• Additional note (Footnote F2): The filing also references previously acquired Partnership Units from earlier grants or vesting events; some of those Partnership Units remain subject to time‑based vesting.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• This is a standard long‑term incentive award as part of executive compensation and does not represent an open‑market purchase or sale. Such awards vest over time and may convert to partnership units that are exchangeable for cash or stock per the issuer’s exchange agreement. These grants are routine for employee compensation and do not by themselves indicate the insider’s intent to buy or sell shares.