MOELIS KENNETH 4

What Happened

• Kenneth Moelis, Executive Chairman and Director of Moelis & Co (MC), reported a conversion/exercise of a derivative (Form 4 code M) on 2026-02-18 that resulted in 847 Class A common shares being recorded as disposed. No per-share price or total proceeds are reported in the filing, so dollar value is unknown. The conversion appeared to occur automatically under the company’s charter provisions tied to certain Group Unit exchanges.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Transaction type/code: M — exercise or conversion of a derivative; reported as 847 shares disposed.
• Price/proceeds: Not disclosed (N/A) in the filing.
• Shares owned after transaction: Not provided in the information supplied.
• Relevant footnotes: F1 notes the conversion automatically occurred per the Company’s Amended and Restated Certificate of Incorporation when certain Group Units were exchanged for Class A stock. F2 explains Class B shares convert at ~0.00055 of a Class A share in certain circumstances and that fractional shares are paid out in cash (cash-in-lieu) per the charter.
• Filing timeliness: Appears timely (filed two days after the transaction).

Context

• Code M covers exercises or conversions of derivatives; here the filing indicates an automatic conversion tied to Group Unit exchanges rather than an open-market buy or voluntary sale by the insider. Because no price or proceeds are shown, retail investors cannot infer the transaction’s dollar value or whether shares were immediately sold for cash. Conversions under charter terms are often routine corporate-structure transactions rather than active trading by the insider.