Form 4: PWP VoteCo Professionals LP Reports Distribution of Class B-1 Common Stock
SEC Form 4 Filing
PWP VoteCo Professionals LP, a director by deputization of Perella Weinberg Partners, reports a distribution of Class B-1 shares to its limited partners.
Summary
- PWP VoteCo Professionals LP, considered a director by deputization of Perella Weinberg Partners (PWP), filed a Form 4.
- The form reports a distribution of 997,226 Class B-1 shares to its limited partners on September 6, 2024.
- These Class B-1 shares are related to PWP Holdings LP (PWP OpCo) Common Units, which can be exchanged for PWP stock or cash.
- Upon exchange of PWP OpCo Units, a corresponding number of Class B-1 shares are surrendered and converted into Class A shares or cash at a rate of 0.001 Class A Share per Class B-1 Share.
- Following the transaction, PWP VoteCo Professionals LP beneficially owns 31,184,027 Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures for insiders, providing transparency into their transactions and holdings in the company.
Stakeholder Impact
- The distribution of shares could have a minor impact on shareholders due to the potential for conversion into Class A shares.
Key Dates
| Date | Description |
|---|---|
| 06/24/2021 | Date of Stockholder's Agreement between the Issuer and the Reporting Person. |
| 09/06/2024 | Date of the transaction (distribution of Class B-1 Common Stock). |
| 09/09/2024 | Date of signature of the Form 4 filing. |
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