Ji-Yeun Lee - Mar 1, 2024 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Managing Partner
Signature
/s/ David K.F. Gillis, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
Mar 1, 2024
Transactions value $
-$1,045,750
Form type
4
Date filed
3/4/2024, 05:17 PM
Previous filing
Feb 14, 2024
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PJT Class A Common Stock Sale -$698K -6.69K -8.02% $104.32 76.7K Mar 1, 2024 Direct F1
transaction PJT Class A Common Stock Sale -$348K -3.31K -4.32% $105.09 73.4K Mar 1, 2024 Direct F2
transaction PJT Class A Common Stock Options Exercise +8.01K +10.91% 81.4K Mar 1, 2024 Direct F3, F4

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 -8.01K -14.76% $0.00 46.3K Mar 1, 2024 Class A Common Stock 8.01K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weigthed average price. These shares were sold in mulitple transactions ranging from $103.78 to $104.77, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 The price reported in Column 4 is a weigted average price. These shares were sold in multiple transactions ranging from $104.78 to $105.58, inclusive. The reporting person undertakes to provide to the Issuer, any seucirty holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.
F4 Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.
F5 Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.