Form 4: Perella Weinberg Partners Director Sells Shares Under 10b5-1 Plan

Peter A. Weinberg, a director at Perella Weinberg Partners, sold 137,621 shares of Class A Common Stock at an average price of $17.20, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Peter A. Weinberg, a director of Perella Weinberg Partners, reported a transaction involving the sale of Class A Common Stock.
• The transaction occurred on May 1, 2025.
• A total of 137,621 shares were sold at a weighted average price of $17.20.
• The sale was executed under a Rule 10b5-1 trading plan adopted by Red Hook Capital LLC on August 6, 2024.
• Following the transaction, Peter A. Weinberg directly owns 0 shares and indirectly owns 1,966,744 shares through Red Hook Capital LLC.
• Red Hook Capital LLC holds the indirectly owned shares, and Weinberg shares control of Rosedale Partners LLC, the sole member of Red Hook.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• Shareholders may interpret the sale as a lack of confidence by the director, although the pre-arranged 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Perella Weinberg Partners, PWP, Peter A. Weinberg, Red Hook Capital LLC, Class A Common Stock, 10b5-1 trading plan, insider trading