Paul J. Taubman - Jul 31, 2025 Form 4 Insider Report for PJT Partners Inc. (PJT)

Signature
/s/ David K.F. Gillis
Stock symbol
PJT
Transactions as of
Jul 31, 2025
Transactions value $
-$16,039,557
Form type
4
Date filed
8/1/2025, 05:30 PM
Previous filing
May 2, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Taubman Paul J Chairman and CEO, Director 280 PARK AVENUE, NEW YORK /s/ David K.F. Gillis 2025-08-01 0001479665

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 -$16M -90K -1.6% $178.22 5.55M Jul 31, 2025 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 intended to elect to exchange up to 90,000 Partnership Units of PJT Partners Holdings LP ("Partnership Units") in future quarterly exchange windows, including each of the Issuer's current quarterly exchange window and next quarterly exchange window. On May 22, 2025, the Reporting Person submitted an Election to Exchange 90,000 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.
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 July 31, 2025, the Reporting Person's Partnership Units were exchanged for cash.
F4 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 5,550,000 Partnership Units reported, 400,000 remain subject to previously disclosed time-based vesting conditions through March 1, 2027.