STEEL ROBERT K 4
4 · Perella Weinberg Partners · Filed Sep 4, 2025
Insider Transaction Report
Form 4
STEEL ROBERT K
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2025-09-02+197,000→ 310,457 total - Exercise/Conversion
Class A Common Stock
2025-09-02+197→ 310,654 total - Exercise/Conversion
Class B-1 Common Stock
2025-09-02$0.02/sh−197,000$3,940→ 198,083 total(indirect: PWP VoteCo Professionals LP)→ Class A Common Stock (197 underlying) - Exercise/Conversion
PWP Holdings LP Common Units
2025-09-02$22.26/sh−197,000$4,385,220→ 198,083 total→ Class A Common Stock (197,000 underlying)
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.