Joseph Simon - Feb 22, 2023 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
Feb 22, 2023
Transactions value $
-$428,232
Form type
4
Date filed
2/24/2023, 07:32 PM
Previous filing
Dec 6, 2022
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MC Class A Common Stock Options Exercise +20.9K 20.9K Feb 23, 2023 Direct F1
transaction MC Class A Common Stock Tax liability -$428K -10.2K -48.71% $42.06 10.7K Feb 23, 2023 Direct

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 2017 Incentive Restricted Stock Units Options Exercise $0 -5.05K -100% $0.00* 0 Feb 23, 2023 Class A Common Stock 5.05K Direct F2
transaction MC 2018 Incentive Restricted Stock Units Options Exercise $0 -5.06K -50% $0.00 5.06K Feb 23, 2023 Class A Common Stock 5.06K Direct F2
transaction MC 2019 Incentive Restricted Stock Units Options Exercise $0 -6.81K -33.33% $0.00 13.6K Feb 23, 2023 Class A Common Stock 6.81K Direct F2
transaction MC 2020 Incentive Restricted Stock Units Options Exercise $0 -3.97K -25% $0.00 11.9K Feb 23, 2023 Class A Common Stock 3.97K Direct F2
transaction MC 2021 Vested LP Units of Moelis&Co Group Employee Holdings LP Award $0 +5.68K $0.00 5.68K Feb 22, 2023 Class A Common Stock 5.68K Direct F3, F4
transaction MC 2021 LP Units of Moelis & Company Group Employee Holdings LP Award $0 +16.8K $0.00 16.8K Feb 22, 2023 Class A Common Stock 16.8K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A Common Stock were acquired upon settlement of Restricted Stock Units (RSUs).
F2 The RSUs were settled for Class A common stock on February 23, 2023.
F3 Limited partnership units ("LP Units") of Moelis & Company Group Employee Holdings LP ("MCGEH") may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Second Amended and Restated Limited Partnership Agreement of MCGEH.
F4 Reflects a profits interest award in the form of LP Units granted to the Reporting Person on February 17, 2022 in connection with compensation awarded for the 2021 fiscal year (the "2021 Vested LP Units"). The 2021 Vested LP Units vest at grant and may be redeemed by the holder for shares of Class A Common Stock on a one-for-one basis on the third anniversary of the grant date (February 2025) and a sufficient amount of profits have been allocated to the holder of the LP Units (the "Book-Up"). On February 22, 2023, the Issuers Compensation Committee certified the achievement of the Book-Up. In addition, the LP Units are subject to sale and non-compete restrictions through the third anniversary of the grant date. The redemption rights described herein do not expire.
F5 Reflects a profits interest award in the form of LP Units granted to the Reporting Person on February 17, 2022 in connection with compensation awarded for the 2021 fiscal year (the "2021 LP Units"). The 2021 LP Units vest over four years as follows: (a) 40% vests 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"). On February 22, 2023, the Issuers Compensation Committee certified the achievement of the Book-Up. These 2021 LP Units remain subject to the time-based vesting requirements described herein. The redemption rights described herein do not expire.