Ji-Yeun Lee - May 6, 2024 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Managing Partner
Signature
/s/ David K.F. Gillis, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
May 6, 2024
Transactions value $
-$2,979,804
Form type
4
Date filed
5/7/2024, 05:00 PM
Previous filing
Mar 22, 2024
Next filing
Jun 4, 2024

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 PJT Partnership Units of PJT Partners Holdings LP Options Exercise -$2.98M -30K -23.08% $99.33 100K May 6, 2024 Class A Common Stock 30K By family trust F1, F2
transaction PJT Partnership Units of PJT Partners Holdings LP Options Exercise $0 0 0% $0.00* 755K May 6, 2024 Class A Common Stock 755K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, Partnership Units of PJT Partners Holdings LP ("Partnership Units") may be exchanged for cash, or at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.
F2 Effective May 6, 2024, 30,000 Partnership Units beneficially owned by the Reporting Person's children, for which the Reporting Person disclaims benefical ownership, were exchanged for cash.
F3 Includes Partnership Units that were acquired upon the occurrence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 755,410 Partnership Units reported, 22,685 remain subject to previously disclosed time and performance vesting conditions.