Key facts
- This page summarizes Kenneth Moelis's Form 4 filing for Moelis & Co (MC).
- 9 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 24 Feb 2022, 18:39.
Kenneth Moelis - 22 Feb 2022 Form 4 Insider Report for Moelis & Co (MC)
- Reporting relationship
- Chairman, CEO, Director, 10%+ Owner
- Issuer ticker
- MC
- Reported as of
- 22 Feb 2022
- Net transaction value
- -$1,947,593
- SEC form
- 4
- Accepted by SEC
- 24 Feb 2022, 18:39:33 UTC
- Prior SEC filing
- 30 Nov 2021
- Next SEC filing
- 31 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Osamu Watanabe as attorney-in-fact for Kenneth Moelis
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Kenneth Moelis filed Form 4 for Moelis & Co (MC) on 24 Feb 2022.
Change
- Previous filing in this sequence was filed on 30 Nov 2021.
- Current net transaction value: -$1,947,593.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MC
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +85,932
- Change %
- +98%
- Price
- Shares after
- 174,054
- Date
- 22 Feb 2022
- Ownership
- Direct
- Footnotes
- F1
MC
transaction
Class A Common Stock
Tax liability
- Transaction value
- $328,078
- Shares
- -6,963
- Change %
- -4%
- Price
- $47.12
- Shares after
- 167,091
- Date
- 22 Feb 2022
- Ownership
- Direct
MC
transaction
Class A Common Stock
Sale
- Transaction value
- $1,619,514
- Shares
- -34,370
- Change %
- -21%
- Price
- $47.12
- Shares after
- 132,721
- Date
- 22 Feb 2022
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MC
transaction
Derivative
2016 Incentive Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -28,928
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 22 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 28,928
- Exercise price
- Footnotes
- F4
MC
transaction
Derivative
2017 Long Term Incentive Award
Options Exercise
- Transaction value
- $0
- Shares
- -5,673
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 5,674
- Date
- 22 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,673
- Exercise price
- Footnotes
- F4
MC
transaction
Derivative
2017 Incentive Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -23,543
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 23,543
- Date
- 22 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 23,543
- Exercise price
- Footnotes
- F4
MC
transaction
Derivative
2018 Incentive Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -27,787
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 55,575
- Date
- 22 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 27,787
- Exercise price
- Footnotes
- F4
MC
transaction
Derivative
LP Units of Moelis & Company Group Employee Holdings LP
Award
- Transaction value
- $0
- Shares
- +161,266
- Change %
- Price
- $0.000000
- Shares after
- 161,266
- Date
- 22 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 161,266
- Exercise price
- Footnotes
- F5, F6, F7
MC
transaction
Derivative
Class B Common Stock, par value $0.01
Options Exercise
- Transaction value
- Shares
- -446
- Change %
- -0.01%
- Price
- Shares after
- 4,685,898
- Date
- 23 Feb 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock, par value $0.01
- Underlying amount
- 0
- Exercise price
- Footnotes
- F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
Shares of Class A Common Stock were acquired upon settlement of Restricted Stock Units (RSUs).
Footnote F2
Class A Common Stock sold by Mr. Moelis in order to raise proceeds to satisfy tax obligations triggered by delivery of the Class A Common Stock upon settlement of the RSUs. Federal taxes are not withheld from Class A Common Stock delivered to Mr. Moelis upon settlement of RSUs because he is a partner in Moelis & Company Partner Holdings LP.
Footnote F3
Mr. Moelis' ownership of 132,721 shares of Class A common stock is in addition to (i) 303,676 shares of Class A common stock held by The Moelis Family Trust, (ii) 792,576 units of unvested or restricted equity granted to Mr. Moelis as incentive compensation for fiscal years 2017 through 2021, (iii) 4,076,314 shares of Class A common stock issuable in exchange for Group Units held by The Moelis Family Trust.
Footnote F4
The RSUs were settled for Class A common stock on February 22, 2022.
Footnote F5
Pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of Moelis & Company Group Employee Holdings LP ("MCGEH"), limited partnership units of MCGEH ("LP Units") may be redeemed by the holder for shares of Class A Common Stock of the Issuer ("Class A Common Stock") on a one-for-one basis.
Footnote F6
Reflects a profits interest award in the form of LP Units previously granted to the Reporting Person in February 2021 in connection with the compensation for the 2020 fiscal year, which are subject to the time-based vesting requirements described below. These 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"). On February 22, 2022, the Issuers Compensation Committee certified the achievement of the Book-Up, and these LP Units remain subject to the time-based vesting requirements described below.
Footnote F7
These LP Units vest over four years as follows: (a) 40% vests on February 23, 2023, and (b) and 20% vests on each of February 23, 2024, February 23, 2025 and February 23, 2026. The redemption rights described herein do not expire.
Footnote F8
The conversion covered by this footnote automatically occurred pursuant to the terms of the Company's Amended and Restated Certificate of Incorporation when certain Moelis & Company Group LP Units ("Group Units") were exchanged for Class A common stock by certain selling stockholders in connection with the Company's public offering closed on April 21, 2014.
Footnote F9
Each share of Class B common stock is convertible into approximately 0.00055 shares of Class A common stock in certain circumstances, including when and if certain holders of Group Units elect to exchange such units for Class A common stock. Such conversions of Class B common stock may often result in conversion into less than 1 share of Class A common stock and in such case in lieu of such fractional share, the Company will pay the holder (Partner Holdings) cash equal to the Value (as defined in the Company's Amended and Restated Certificate of Incorporation) of the fractional share of Class A common stock.