PWP VoteCo Professionals LP 4
4 · Perella Weinberg Partners · Filed May 8, 2024
Insider Transaction Report
Form 4
PWP VoteCo Professionals LP
Director
Transactions
- Disposition to Issuer
Class B-1 Common Stock
2024-05-06$0.01/sh−6,149,211$61,492→ 33,524,510 total→ Class A Common Stock (6,149.211 underlying)
Footnotes (2)
- [F1]PWP Holdings LP ("PWP OpCo") Common Units (which represent Class A partnership units of PWP OpCo) ("PWP OpCo Units") held by partners other than the Issuer can be exchanged for Issuer stock or cash on certain dates. Concurrently with an exchange of PWP OpCo Units for shares of Issuer Class A common stock ("Class A Shares") or cash by an exchanging PWP OpCo unitholder ("Unitholder"), such Unitholder will be required to surrender to the Issuer a number of Issuer Class B-1 common stock ("Class B-1 Shares") equal to the number of PWP OpCo Units exchanged, and such Class B-1 Shares will be converted into Class A Shares or, at the option of the Issuer, an equivalent amount of cash, which will be delivered to such Unitholder at a conversion rate of 0.001 Class A Share for one Class B-1 Share. The Reporting Person will distribute such Class B-1 Shares to the applicable Unitholder immediately prior to any such exchange.
- [F2]Reflects the Issuer's repurchase of 6,149,211 Class B-1 Shares from the Reporting Person in connection with the cancellation of certain partnership units.