Form 4: Perella Weinberg Partners Director Robert K. Steel Reports Exchange of OpCo Units for Class A Shares

Director Robert K. Steel reports the exchange of PWP OpCo Units for Class A Shares and the surrender of Class B-1 Shares, resulting in adjustments to his holdings.

Summary

• On May 16, 2025, Robert K. Steel, a director of Perella Weinberg Partners, executed a transaction involving the exchange of PWP OpCo Units for Class A Common Stock.
• 196,000 PWP OpCo Units were exchanged for 196,000 Class A Shares at a price of $0.
• Concurrently, 196,000 Class B-1 Shares were surrendered and converted into Class A Shares at a rate of 0.001 Class A Share per Class B-1 Share.
• Following the transaction, Steel directly owns 323,182 Class A Common Stock.
• Steel also indirectly owns 395,083 Class A Common Stock through PWP VoteCo Professionals LP.
• Steel directly owns 395,083 Class A Common Stock through PWP Holdings LP Common Units.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment. The transactions themselves appear to be part of a pre-existing agreement, suggesting stability.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This Form 4 filing reflects routine transactions by a company insider and provides transparency regarding their holdings in the company. It is a standard practice for publicly traded companies and their executives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The exchange of units for shares does not appear to have a significant impact on other stakeholders.

Key Dates

Keywords

Form 4, Perella Weinberg Partners, PWP, Robert K. Steel, Class A Common Stock, PWP OpCo Units, Class B-1 Shares, Exchange, Director, Beneficial Ownership