4//SEC Filing
STEEL ROBERT K 4
Accession 0001777835-25-000102
CIK 0001777835other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:20 PM ET
Size
13.0 KB
Accession
0001777835-25-000102
Insider Transaction Report
Form 4
STEEL ROBERT K
Director
Transactions
- Exercise/Conversion
PWP Holdings LP Common Units
2025-05-16$19.02/sh−196,000$3,727,920→ 395,083 total→ Class A Common Stock (196,000 underlying) - Exercise/Conversion
Class A Common Stock
2025-05-16+196→ 323,182 total - Exercise/Conversion
Class B-1 Common Stock
2025-05-16$0.02/sh−196,000$3,920→ 395,083 total(indirect: PWP VoteCo Professionals LP)→ Class A Common Stock (196 underlying) - Exercise/Conversion
Class A Common Stock
2025-05-16+196,000→ 322,986 total
Footnotes (3)
- [F1]Reflects an exchange of PWP OpCo Units (as defined below) for an equal number of Class A Shares (as defined below). In connection with the exchange, an equal number of Class B-1 Shares (as defined below) were surrendered to the Issuer and converted into Class A Shares at a conversion rate of 0.001 Class A Share for one Class B Share.
- [F2]Concurrently with an exchange of PWP Holdings LP Common Units (which represent Class A partnership units of PWP Holdings LP) ("PWP OpCo Units") for shares of Class A common stock ("Class A Shares") or cash by a PWP Holdings LP unitholder ("Unitholder") who also holds shares of Class B-1 common stock ("Class B-1 Shares"), such Unitholder will be required to surrender to the Issuer a number of 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, for 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.
- [F3]Subject to certain lock-up periods, PWP OpCo Units, upon the surrender of an equal number of Class B-1 Shares, may be exchanged for Class A Shares on a one-for-one basis or, at the option of the Issuer, for an equivalent amount of cash. PWP OpCo Units do not expire.
Documents
Issuer
Perella Weinberg Partners
CIK 0001777835
Entity typeother
Related Parties
1- filerCIK 0001180592
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:20 PM ET
- Size
- 13.0 KB