Ji-Yeun Lee - 06 May 2024 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Managing Partner
Signature
/s/ David K.F. Gillis, as Attorney-in-Fact
Issuer symbol
PJT
Transactions as of
06 May 2024
Transactions value $
-$2,979,804
Form type
4
Filing time
07 May 2024, 17:00:16 UTC
Previous filing
22 Mar 2024
Next filing
04 Jun 2024
SEC
View on sec.gov

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 -$2.98M -30K -23.08% $99.33 100K 06 May 2024 Class A Common Stock 30K By family trust F1, F2
transaction PJT Partnership Units of PJT Partners Holdings LP Options Exercise $0 0 0% $0.00* 755K 06 May 2024 Class A Common Stock 755K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the terms of the Issuer's Exchange Agreement, on a quarterly basis, Partnership Units of PJT Partners Holdings LP ("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.
F2 Effective May 6, 2024, 30,000 Partnership Units beneficially owned by the Reporting Person's children, for which the Reporting Person disclaims benefical ownership, were exchanged for cash.
F3 Includes Partnership Units that were acquired upon the occurrence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 755,410 Partnership Units reported, 22,685 remain subject to previously disclosed time and performance vesting conditions.