PWP VoteCo Professionals LP 4
4 · Perella Weinberg Partners · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
PWP VoteCo Professionals LP (Director) Disposes 1.9M Class B‑1 Shares
What Happened
VoteCo Professionals LP (reported as a director‑deputized holder) recorded a disposition of 1,906,191 Class B‑1 derivative shares of Perella Weinberg Partners (PWP) on 2026-05-18. The filing shows a reported price of $0.02 per share for a total value of $38,124. The transaction is coded "J" (other acquisition or disposition) and relates to derivative Class B‑1 shares rather than an open‑market sale of Class A common stock.
Key Details
- Transaction date and filing: Disposition occurred 2026-05-18; Form 4 filed 2026-05-20 (filed within the typical 2‑business‑day period).
- Reported trade: 1,906,191 Class B‑1 shares disposed at $0.02 each, total $38,124.
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- The filing explains PWP OpCo units and Class B‑1 shares mechanics: Class B‑1 Shares are distributed to unitholders and convert to Class A common stock at a rate of 0.001 Class A Share per 1 Class B‑1 Share (so 1,906,191 B‑1 would equate to ~1,906.19 Class A Shares if converted).
- F2 states this record reflects a distribution of Class B‑1 Shares by the Reporting Person to one or more of its limited partners.
- Remark: The Reporting Person may be deemed a director by deputization due to its right to designate a majority of the issuer's board under a stockholders’ agreement.
Context This was an internal distribution of derivative Class B‑1 shares to limited partners (per the footnotes), not an open‑market sale of Class A common stock. Such distributions are administrative/structural transactions tied to the partnership/unit conversion mechanics and do not necessarily reflect a change in market sentiment by insiders. The Class B‑1 shares can be converted to Class A shares (or cash at the issuer's option) at the stated 0.001 conversion rate.
Insider Transaction Report
- Other
Class B-1 Common Stock
[F1][F2]2026-05-18$0.02/sh−1,906,191$38,124→ 20,018,315 total→ Class A Common Stock (1,906 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 a distribution of Class B-1 Shares by the Reporting Person to one or more of its limited partners.