Perella Weinberg Partners: chairman and CEO Andrew Bednar sold 485,516 shares

What happened Andrew Bednar, chairman and CEO and director, disposed of 485,516 shares at $13.23 per share on Oct 16, 2026, for $6,423,377. The Form 4 reports the disposition as a payment to the issuer to satisfy tax withholding obligations related to vested restricted stock units.

Key details

• Transaction date and price: Oct 16, 2026, at $13.23 per share (transaction code F).
• Shares disposed: 485,516 shares for $6,423,377.
• Shares owned after the transaction: the filing does not report shares owned following the transaction.
• Footnote F1: represents deemed disposition of shares of Class A common stock to the issuer to satisfy tax withholding obligations in connection with the settlement of vested restricted stock units.
• Form 4 filed Oct 20, 2026; the filing does not indicate a late filing status.

Why it may matter

• This transaction was a tax-withholding disposition (shares surrendered to the issuer to cover taxes on vested RSUs), not an open-market sale.
• A filing does not show why the insider traded or why the company acted.