Peter A. Weinberg - Dec 1, 2023 Form 4 Insider Report for Perella Weinberg Partners (PWP)

Role: Chairman, Director
Signature: /s/ Mark Polemeni, as Attorney-in-Fact
Stock symbol: PWP
Transactions as of: Dec 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/4/2023, 06:18 PM
Previous filing: Aug 4, 2023
Next filing: Feb 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PWP	Class A Common Stock	Options Exercise	$0	+842		$0.00	842	Dec 1, 2023	Red Hook Capital LLC	F1, F2
transaction	PWP	Class A Common Stock	Options Exercise	$0	+842K	+100000%	$0.00	843K	Dec 1, 2023	Red Hook Capital LLC	F1, F2
holding	PWP	Class A Common Stock						2.06M	Dec 1, 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	PWP	Class B-2 Common Stock	Options Exercise	$0	-842K	-100%	$0.00^*	0	Dec 1, 2023	Class A Common Stock	842		Red Hook Capital LLC	F1, F2, F3
transaction	PWP	PWP Holdings LP Common Units	Options Exercise	$0	-842K	-100%	$0.00^*	0	Dec 1, 2023	Class A Common Stock	842K		Red Hook Capital LLC	F1, F2, F4
holding	PWP	PWP Holdings LP Common Units						3.45M	Dec 1, 2023	Class A Common Stock	3.45M		PWP Professional Partners LP	F4, F5

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

Explanation of Responses:

Id	Content
F1	Reflects an exchange of PWP OpCo Units (as defined below) for an equal number of Class A Shares (as defined below). In connection with the exchange, an equal number of Class B-2 Shares (as defined below) were surrendered to the Issuer and converted into Class A Shares at a conversion rate of 0.001 Class A Share for one Class B Share.
F2	Reflects securities held directly by Red Hook Capital LLC. The Reporting Person has shared voting and dispositive power over Red Hook Capital LLC through his shared control of Rosedale Partners LLC, the sole member of Red Hook. Each of the Reporting Person and Rosedale Partners LLC disclaims beneficial ownership of the securities held by Red Hook Capital LLC, except to the extent of their respective pecuniary interest therein.
F3	Concurrently with an exchange of PWP Holdings LP Common Units (which represent Class A partnership units of PWP Holdings LP) ("PWP OpCo Units") for shares of Class A common stock ("Class A Shares") or cash by a PWP Holdings LP unitholder ("Unitholder") who also holds shares of Class B-1 common stock ("Class B-1 Shares") or Class B-2 common stock ("Class B-2 Shares" and, together with Class B-1 Shares, "Class B Shares"), such Unitholder will be required to surrender to the Issuer a number of Class B Shares equal to the number of PWP OpCo Units exchanged, and such Class B Shares will be converted into Class A Shares or, at the option of the Issuer, for an equivalent amount of cash, which will be delivered to such Unitholder at a conversion rate of 0.001 Class A Share for one Class B Share.
F4	Subject to certain lock-up periods, PWP OpCo Units, upon the surrender of an equal number of Class B Shares, may be exchanged for Class A Shares on a one-for-one basis or, at the option of the Issuer, for an equivalent amount of cash. PWP OpCo Units do not expire.
F5	Reflects the Reporting Person's proportionate pecuniary interest in the securities held directly by PWP Professional Partners LP. The Reporting Person disclaims beneficial ownership of the securities held by PWP Professional Partners LP, except to the extent of his pecuniary interest therein.