Form 4: Moelis & Co CEO Kenneth Moelis Executes Stock Transactions
SEC Form 4 Filing
Kenneth Moelis, Chairman and CEO of Moelis & Co, reports transactions involving Class A Common Stock and partnership interests.
Summary
- On July 25, 2024, Kenneth Moelis, Chairman and CEO of Moelis & Co, engaged in transactions involving Class A Common Stock and partnership interests.
- These transactions included the exchange of partnership interests in Moelis & Company Partner Holdings LP for Class A common stock.
- The Moelis Family Trust was involved in the acquisition of 100,000 shares of Class A common stock.
- Mr. Moelis directly owns 5,394 shares of Class A common stock.
- The Moelis Family Trust also holds 3,976,314 shares of Class A common stock issuable in exchange for Group Units.
- Mr. Moelis also holds unvested or restricted equity granted as incentive compensation.
Sentiment
Score: 5
Explanation: This is a routine filing related to insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Related Party Transactions
- The transactions involve The Moelis Family Trust, of which Kenneth Moelis is a beneficiary.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| April 8, 2014 | Form of Group LP's agreement of limited partnership filed as an exhibit to Moelis & Company's registration statement on Form S-1 (File No. 333-194306). |
| April 22, 2020 | Expiration of the lock-up restriction, following which Partnership Interests became exchangeable for an equal number of Group Units. |
| July 25, 2024 | Date of transactions involving Class A Common Stock and partnership interests. |
| July 29, 2024 | Date of signature for the Form 4 filing. |
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