David Adam Travin - 06 Feb 2025 Form 4 Insider Report for PJT Partners Inc. (PJT)

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	-$442K	-2.5K	-14.49%	$176.99	14.7K	06 Feb 2025	Class A Common Stock	2.5K		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	On November 23, 2024, the Reporting Person submitted an Election to Exchange 2,500 Partnership Units of PJT Partners Holdings LP ("Partnership Units"), with such exchange to be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's quarterly earnings results.
F2	Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, 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.
F3	Effective February 6, 2025, the Reporting Person's Partnership Units were exchanged for cash.
F4	Includes Partnership Units that were acquired upon the occurence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 14,749 Partnership Units reported, 9,727 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.