Peter A. Weinberg - Aug 31, 2024 Form 4 Insider Report for Perella Weinberg Partners (PWP)

Signature
/s/ Mark Polemeni, as Attorney-in-Fact
Stock symbol
PWP
Transactions as of
Aug 31, 2024
Transactions value $
-$9,792,106
Form type
4
Date filed
9/4/2024, 09:51 PM
Previous filing
Mar 7, 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 +431K +21.7% $0.00 2.42M Aug 31, 2024 Direct
transaction PWP Class A Common Stock Tax liability -$9.79M -501K -20.71% $19.55 1.92M Sep 3, 2024 Direct F1
holding PWP Class A Common Stock 843K Aug 31, 2024 Red Hook Capital LLC 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 PWP Performance-Based Stock Units Options Exercise $0 -431K -26.13% $0.00 1.22M Aug 31, 2024 Class A Common Stock 431K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents deemed disposition of shares of Class A common stock to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
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 Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock.
F4 These PSUs vested on August 31, 2024, upon the achievement of certain service-based and performance-based vesting conditions.
F5 The PSUs granted on August 31, 2021 vest based on the achievement of (i) service-based vesting conditions that are satisfied in two equal installments on the third and fifth anniversaries of the grant date, subject to a 50% holdback after the first vesting date, and (ii) performance-based vesting conditions that are satisfied upon the achievement, as measured on the last calendar day of each month, of closing stock prices equal to $15, $20, $25 and $30 (subject to linear interpolation) for 20 out of any 30 consecutive trading days, in each case prior to the fifth anniversary of the grant date.