Joseph Simon - Jul 25, 2024 Form 4 Insider Report for Moelis & Co (MC)

Signature
/s/ Osamu Watanabe as attorney-in-fact for Joseph Simon
Stock symbol
MC
Transactions as of
Jul 25, 2024
Transactions value $
-$430,272
Form type
4
Date filed
7/29/2024, 07:20 PM
Previous filing
Jun 24, 2024
Next filing
Sep 30, 2024

Transactions Table

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 2021 LP Units of MCGEH Options Exercise -6.72K -40% 10.1K Jul 25, 2024 Class A Common Stock 6.72K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 25, 2024 certain of the holder's LP units in Moelis & Company Group Employee Holdings LP ("MCGEH") granted in February 2022 for compensation awarded for the 2021 fiscal year (the "2021 LP Units") were exchanged for an equal number of shares of Moelis & Company Class A common stock pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH. The exchanges were approved by the Company's Compensation Committee under Rule 16b-3.
F2 Mr. Simon also owns 68,379 units of unvested or restricted equity granted to Mr. Simon as incentive compensation for fiscal years 2019 through 2023
F3 Certain of the 2021 LP Units became eligible for exchange into Class A Common Stock following vesting and Book-Up (as defined below)
F4 The 2021 LP Units vest over four years as follows: (a) 40% vested on February 23, 2024, and (b) and 20% vests on each of February 23, 2025, February 23, 2026 and February 23, 2027. These 2021 LP Units may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis after the LP Units become vested and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up").