RAICH JEFFREY 4

What Happened

• Jeffrey Raich, Executive Vice Chairman and MD of Moelis & Co (MC), received two awards on Feb 9, 2026: 35,705 and 12,751 limited partnership (LP) units (total 48,456 units). Each award is recorded at $0.00 (derivative award, code A) — this is a compensation grant, not an open‑market purchase or sale.
• The awards are LP units of MCGEH that may be redeemed on a one‑for‑one basis for Class A common stock under the partnership agreement; no cash changed hands at grant.

Key Details

• Transaction date: Feb 9, 2026; Filing date: Feb 11, 2026 (timely).
• Reported price: $0.00 per unit (award/derivative).
• Shares owned after transaction: not specified in the provided filing data.
• Footnote highlights:
  • F1: MCGEH LP units may be redeemed one‑for‑one for Class A common stock per the LP agreement.
  • F2: The "2024 Vested LP Units" were granted Feb 13, 2025, have staged redemption/vesting mechanics and are subject to sale/non‑compete restrictions through the fifth anniversary; the compensation committee certified the required "Book‑Up" on Feb 9, 2026.
  • F3: The "2024 LTI LP Units" (also granted Feb 13, 2025) vest 33% each year on Feb 23 of 2028–2030 and become redeemable after vesting and Book‑Up certification (Book‑Up certified Feb 9, 2026).
• Transaction type: Award (derivative grant), not an exercise, purchase, or sale.

Context

• These LP unit grants are a form of long‑term compensation. They are derivative units convertible into common shares (one‑for‑one) but are subject to vesting schedules, redemption timing, and restrictions — meaning they are not the same as immediately tradable shares.
• Such awards are routine for executives and do not by themselves indicate insider buying or selling of publicly traded stock.