Joseph Simon - Feb 21, 2024 Form 4 Insider Report for Moelis & Co (MC)

Role
Chief Financial Officer
Signature
/s/ Osamu Watanabe as attorney-in-fact for Joseph Simon
Stock symbol
MC
Transactions as of
Feb 21, 2024
Transactions value $
-$428,718
Form type
4
Date filed
2/23/2024, 08:04 PM
Previous filing
Feb 13, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MC Class A Common Stock Options Exercise +16.7K 16.7K Feb 21, 2024 Direct F1
transaction MC Class A Common Stock Tax liability -$81 -1.54 -0.01% $52.60 16.7K Feb 21, 2024 Direct
transaction MC Class A Common Stock Sale -$429K -8.15K -48.73% $52.60 8.57K Feb 21, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MC 2018 Incentive Restricted Stock Units Options Exercise $0 -5.34K -100% $0.00* 0 Feb 21, 2024 Class A Common Stock 5.34K Direct F3
transaction MC 2019 Incentive Restricted Stock Units Options Exercise $0 -7.19K -50% $0.00 7.19K Feb 21, 2024 Class A Common Stock 7.19K Direct F3
transaction MC 2020 Incentive Restricted Stock Units Options Exercise $0 -4.19K -33.33% $0.00 8.39K Feb 21, 2024 Class A Common Stock 4.19K Direct F3
transaction MC 2022 Vested LP Units of MCGEH Award $0 +19.3K $0.00 19.3K Feb 21, 2024 Class A Common Stock 19.3K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A Common Stock were acquired upon settlement of Restricted Stock Units (RSUs).
F2 Class A Common Stock sold by Mr. Simon in order to raise proceeds to satisfy tax obligations triggered by delivery of the Class A Common Stock upon settlement of the RSUs.
F3 The RSUs were settled for Class A common stock on February 21, 2024.
F4 Limited partnership units of Moelis & Company Group Employee Holdings LP ("MCGEH") may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH.
F5 Reflects a profits interest award in the form of LP Units granted to the Reporting Person on February 16, 2023 in connection with compensation awarded for the 2022 fiscal year (the "2022 Vested LP Units"). The 2022 Vested LP Units vest at grant and may be redeemed as follows: (a) 40% on February 23, 2025, and (b) and 20% on each of February 23, 2026, February 23, 2027 and February 23, 2028. These 2022 Vested LP units may be redeemded by the holder for shares of Class A Common Stock on a one-for-one basis beginning on the third anniversary of the grant date (February 2026) and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up"). On February 21, 2024, the Issuers Compensation Committee certified the achievement of the Book-Up. In addition, the 2022 Vested LP Units are subject to sale and non-compete restrictions through the fifth anniversary of the grant date. The redemption rights described herein do not expire.