Form 4: PJT Partners Inc. Managing Partner Ji-Yeun Lee Reports Stock Sales

Ji-Yeun Lee, a Managing Partner at PJT Partners Inc., reported the sale of Class A Common Stock in multiple transactions on September 3, 2024.

Summary

• On September 3, 2024, Ji-Yeun Lee, a Managing Partner at PJT Partners Inc., sold shares of Class A Common Stock.
• The sales occurred in multiple transactions at varying prices.
• A total of 7,100 shares were sold at a weighted average price of $118.34, with prices ranging from $117.96 to $118.70.
• An additional 1,725 shares were sold at a weighted average price of $119.52, with prices ranging from $118.97 to $119.96.
• Further sales included 675 shares at a weighted average price of $120.30 (ranging from $119.99 to $120.91), 483 shares at $121.71 (ranging from $121.24 to $122.23), and 17 shares at $122.50.
• Following these transactions, Lee directly owns 61,433 shares of Class A Common Stock.
• The sales were executed under a pre-arranged 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Form 4 filings are a routine part of the financial industry, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may interpret the stock sales as a signal from a company insider, although sales under a 10b5-1 plan are often pre-scheduled and may not reflect the insider's current outlook on the company.

Key Dates