Dennis S. Hersch - Jun 1, 2021 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role: Director
Signature: /s/Salvatore Rappa, as Attorney-in-Fact
Stock symbol: PJT
Transactions as of: Jun 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/3/2021, 04:16 PM
Next filing: Jun 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PJT	Class A Common Stock	Options Exercise		+4.8K	+17.56%		32.1K	Jun 1, 2021	Direct	F1, 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	PJT	Restricted Stock Units	Options Exercise	$0	-4.8K	-35.3%	$0.00	8.79K	Jun 1, 2021	Class A Common Stock	4.8K		Direct	F2, F3
transaction	PJT	Restricted Stock Units	Award	$0	+1.19K	+13.5%	$0.00	9.98K	Jun 1, 2021	Class A Common Stock	1.19K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
F2	Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.
F3	Restricted stock units previously granted by the Issuer to the Reporting Person which vested in four equal annual installments and settled on June 1, 2021.
F4	Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
F5	The restricted stock units vest in four substantially equal installments on each of August 31, 2021, November 30, 2021, February 28, 2022 and May 31, 2022. The restricted stock units will be settled on the earlier of the termination of service of such director or the fifth anniversary of the grant date and will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.