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Moelis & Co·4

Feb 23, 6:56 PM ET

WATANABE OSAMU R. 4

Research Summary

AI-generated summary

Updated

Moelis (MC) GC Osamu Watanabe Receives RSUs, Sells Shares

What Happened

  • Osamu Watanabe, General Counsel and Secretary of Moelis & Co., had 9,218.9 Restricted Stock Units (RSUs) settle into Class A common shares on Feb 19, 2026. Of those shares, 1,603.9 were delivered/surrendered to satisfy tax obligations (proceeds/value shown as $100,613) and 2,765 were sold in an open-market transaction at $62.23 each for $172,066. Total proceeds from the tax-related delivery and the open-market sale were $272,679. The net remaining shares from the settlement are roughly 4,850 shares (9,218.9 less 1,603.9 and 2,765).

Key Details

  • Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (timely filing).
  • Transactions reported:
    • RSU settlement: 9,218.9 shares acquired (conversion of derivative/RSUs).
    • Tax payment/withholding: 1,603.9 shares (disposed) at $62.73 — $100,613.
    • Open-market sale: 2,765 shares (sold) at $62.23 — $172,066.
    • Several derivative conversion/disposition entries (totaling 9,218.9) reflect the RSU settlement mechanics.
  • Shares retained after these transactions: ~4,850 shares (noted from math of reported amounts; beneficial ownership reported on the full filing may provide exact post-transaction holdings).
  • Footnotes:
    • F1/F3: RSUs were settled for Class A common stock on Feb 19, 2026.
    • F2: Federal taxes are not automatically withheld from the delivered shares because Mr. Watanabe is a partner in Moelis & Company Partner Holdings LP; he sold shares to raise proceeds to satisfy tax obligations.
  • Filing timeliness: Filed within the normal Form 4 window (Feb 23 filing for Feb 19 transactions).

Context

  • This was primarily an award settlement (RSUs converted to stock) followed by routine sell-to-cover-tax withholding and an additional open-market sale for proceeds. Such sell-to-cover and related sales are common after RSU vesting and do not necessarily indicate a change in insider sentiment. The entries labeled M indicate conversion/exercise of a derivative (the RSU settlement); the F entry shows shares used to satisfy tax obligations; and the S entry is an open-market sale.