Form 4: PWP VoteCo Professionals LP Reports Changes in Beneficial Ownership of Perella Weinberg Partners Shares
SEC Form 4 Filing
PWP VoteCo Professionals LP, a director by deputization of Perella Weinberg Partners, reports transactions involving Class B-1 Common Stock, including a repurchase by the issuer and a distribution to limited partners.
Summary
- PWP VoteCo Professionals LP, deemed a director by deputization of Perella Weinberg Partners (PWP), filed a Form 4 detailing changes in beneficial ownership.
- On May 16, 2024, PWP repurchased 59,040 Class B-1 Shares from the Reporting Person in connection with the cancellation of certain partnership units.
- Also on May 16, 2024, the Reporting Person distributed 1,284,217 Class B-1 Shares to one or more of its limited partners.
- Following these transactions, the Reporting Person directly owns 33,465,470 Class A Common Stock and 32,181,253 Class B-1 Common Stock.
- These Class B-1 Shares are related to PWP Holdings LP ('PWP OpCo') Common Units, which can be exchanged for Issuer stock or cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing transactions by a significant shareholder. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings. This filing indicates activity by a significant shareholder of Perella Weinberg Partners.
Key Dates
| Date | Description |
|---|---|
| 06/24/2021 | Date of the Stockholder's Agreement between the Issuer and the Reporting Person. |
| 05/16/2024 | Date of the repurchase of 59,040 Class B-1 Shares and the distribution of 1,284,217 Class B-1 Shares. |
| 05/20/2024 | Date of signature of the Form 4 filing. |
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