Form 4: PWP VoteCo Professionals LP Reports Changes in Beneficial Ownership of Perella Weinberg Partners Shares

PWP VoteCo Professionals LP reports a distribution of Class B-1 Shares and changes in beneficial ownership of Perella Weinberg Partners stock.

Summary

• PWP VoteCo Professionals LP filed a Form 4 with the SEC on March 5, 2025, reporting changes in beneficial ownership of Perella Weinberg Partners [PWP] shares.
• The report details a distribution of 1,270,086 Class B-1 Common Stock shares by the Reporting Person to one or more of its limited partners on March 3, 2025.
• The Reporting Person directly owns 26,190,514 Class A Common Stock shares.
• PWP Holdings LP ('PWP OpCo') Common Units held by PWP AdCo Professionals LP and partners other than the Issuer can be exchanged for Issuer stock or cash on certain dates.
• Concurrently with an exchange of PWP OpCo Units for shares of Issuer Class A common stock ('Class A Shares') or cash by an exchanging PWP OpCo unitholder ('Unitholder'), such Unitholder will be required to surrender to the Issuer a number of Issuer Class B-1 common stock ('Class B-1 Shares') equal to the number of PWP OpCo Units exchanged.
• The Reporting Person may be deemed a director by deputization with respect to the Issuer by virtue of the Reporting Person's right to designate a majority of the Issuer's board of directors, subject to certain conditions, pursuant to the Stockholder's Agreement, dated June 24, 2021, by and between the Issuer and the Reporting Person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The distribution of shares may have a minor impact on the ownership structure of the company.
• The exchange mechanism between PWP OpCo Units and Class A shares affects unitholders.

Key Dates