Betsy Z. Cohen - 24 Jun 2021 Form 4 Insider Report for Perella Weinberg Partners (PWP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Jun 2021, 17:37:29 UTC
Prior SEC filing
23 Jun 2021
Next SEC filing
29 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Amanda Abrams, Attorney-in-Fact

Key filing fact

Betsy Z. Cohen filed Form 4 for Perella Weinberg Partners (PWP) on 29 Jun 2021.

Key facts

  • This page summarizes Betsy Z. Cohen's Form 4 filing for Perella Weinberg Partners (PWP).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 29 Jun 2021, 17:37.

Change

  • Previous filing in this sequence was filed on 23 Jun 2021.
  • Current net transaction value: -$1,228.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PWP transaction

Class A Common Stock

Options Exercise

Transaction value
$0
Shares
+914,736
Change %
Price
$0.000000
Shares after
914,736
Date
24 Jun 2021
Ownership
By Cohen Sponsor Interests IV, LLC
Footnotes
F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PWP transaction Derivative

Class B Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-155,082
Change %
-13%
Price
$0.000000
Shares after
1,037,585
Date
24 Jun 2021
Ownership
By Cohen Sponsor Interests IV, LLC
Underlying class
Class A Common Stock
Underlying amount
155,082
Exercise price
Footnotes
F1, F2, F3
PWP transaction Derivative

Class B Common Stock

Sale

Transaction value
$1,228
Shares
-122,849
Change %
-12%
Price
$0.0100*
Shares after
914,736
Date
24 Jun 2021
Ownership
By Cohen Sponsor Interests IV, LLC
Underlying class
Class A Common Stock
Underlying amount
122,849
Exercise price
Footnotes
F1, F5
PWP transaction Derivative

Class B Common Stock

Options Exercise

Transaction value
Shares
-914,736
Change %
-100%
Price
Shares after
0
Date
24 Jun 2021
Ownership
By Cohen Sponsor Interests IV, LLC
Underlying class
Class A Common Stock
Underlying amount
914,736
Exercise price
Footnotes
F1, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Betsy Z. Cohen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Represents shares held directly by FinTech Investor Holdings IV, LLC ("Holdings") and FinTech Masala Advisors IV, LLC ("Masala"), each of which is managed by Cohen Sponsor Interests IV, LLC ("Manager"). The reporting person indirectly owns one-third of Manager. The reporting person disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.

Footnote F2

On June 24, 2021 (the "Closing Date"), Perella Weinberg Partners (f/k/a FinTech Acquisition Corp. IV) (the "Issuer") completed the business combination (the "Business Combination") contemplated by that certain Business Combination Agreement, dated as of December 29, 2020, by and among the Issuer, Holdings, Masala, PWP Holdings LP ("PWP OpCo"), PWP GP LLC, PWP Professional Partners LP, and Perella Weinberg Partners LLC. In connection with the Business Combination, on the Closing Date, upon consummation of the Business Combination, each of the Issuer's outstanding shares of Class B Common Stock automatically converted into one share of Class A Common Stock.

Footnote F3

(Continued from Footnote 2) However, pursuant to that certain Sponsor Share Surrender And Share Restriction Agreement, dated as of December 29, 2020, by and among the Issuer, Holdings, Masala, and PWP OpCo, as amended, concurrent with the consummation of the Business Combination, these shares of Class B Common Stock were forfeited to the Issuer immediately prior to the Business Combination..

Footnote F4

In connection with the Business Combination, on the Closing Date, each of the Issuer's outstanding shares of Class B Common Stock automatically converted into one share of Class A Common Stock.

Footnote F5

Represents shares transferred to other members of Holdings and Masala pursuant to certain side letters by and among certain members of Holdings and Masala.

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