Paul J. Taubman - Aug 6, 2024 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Chairman and CEO, Director
Signature
/s/ David K.F. Gillis, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
Aug 6, 2024
Transactions value $
-$11,480,814
Form type
4
Date filed
8/6/2024, 05:45 PM
Previous filing
Sep 2, 2022

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 Partnership Units of PJT Partners Holdings LP Options Exercise -$11.5M -90K -1.5% $127.56 5.91M Aug 6, 2024 Class A Common Stock 90K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In an SEC Form 8-K filed by the Issuer on June 3, 2024, the Issuer previously disclosed that the Reporting Person had submitted an Election to Exchange these 90,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units") and that such exchange would be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's second quarter earnings results.
F2 Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, Partnership Units may be exchanged for cash or, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.
F3 Effective August 6, 2024, the Reporting Person's Partnership Units were exchanged for cash.
F4 Includes Partnership Units that were acquired upon the occurence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 5,910,000 Partnership Units reported, 753,333 remain subject to previously disclosed time and/or performance vesting conditions as of June 30, 2024.