Ji-Yeun Lee - Feb 6, 2025 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Managing Partner
Signature
/s/ David K.F. Gillis
Stock symbol
PJT
Transactions as of
Feb 6, 2025
Transactions value $
-$5,309,799
Form type
4
Date filed
2/7/2025, 05:00 PM
Previous filing
Dec 20, 2024
Next filing
Feb 12, 2025
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 -$5.31M -30K -3.97% $176.99 725K Feb 6, 2025 Class A Common Stock 30K Direct F1, F2, F3, F4
holding PJT Partnership Units of PJT Partners Holdings LP 100K Feb 6, 2025 Class A Common Stock 100K By family trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 4, 2024, the Reporting Person submitted an Election to Exchange 30,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units"), with such exchange to be settled for either cash or Class A Common Stock, as determined by the Issuer's Board of Directors prior to the Issuer's quarterly 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 February 6, 2025, the Reporting Person's Partnership Units were exchange for cash.
F4 Includes Partnership Units that were acquiared upon the occurrence of specified vesting events or grants and previously reported as Performance LTIP Units of PJT Partners Holdings LP. Of the 725,410 Partnership Units reported as directly owned, 30,246 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.