Thomas M. Ryan - Jun 1, 2023 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role: Director
Signature: /s/ David K.F. Gillis, as Attorney-in-Fact
Stock symbol: PJT
Transactions as of: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/5/2023, 05:30 PM
Previous filing: May 3, 2023
Next filing: Jun 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PJT	Class A Common Stock	Options Exercise		+3.4K	+12.37%		30.8K	Jun 1, 2023	Direct	F1, F2
holding	PJT	Class A Common Stock						7	Jun 1, 2023	By Trust	F3

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	-3.4K	-19.61%	$0.00	13.9K	Jun 1, 2023	Class A Common Stock	3.4K		Direct	F4, F5
transaction	PJT	Restricted Stock Units	Award	$0	+3.36K	+24.15%	$0.00	17.3K	Jun 1, 2023	Class A Common Stock	3.36K		Direct	F4, F6

* 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	Shares owned by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership over the shares held by such trust, except to the extent of his pecuniary interest therein.
F4	Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.
F5	Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award, which vest in four equal annual installments.
F6	The restricted stock units vest in four substantially equal installments on each of August 31, 2023, November 30, 2023, February 28, 2024 and May 31, 2024. 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.