PJT Partners (PJT) managing partner gains 12,944 shares from RSU vesting

Rhea-AI Filing Summary

PJT Partners Inc. Managing Partner Ji-Yeun Lee reported an equity award vesting and related share delivery. On settlement of a previously granted restricted stock unit award, 12,944 restricted stock units were converted into 12,944 shares of Class A common stock on a one-for-one basis. Following these transactions, Lee directly owned 18,647 restricted stock units and 88,402 shares of Class A common stock. These movements reflect the exercise or conversion of derivative securities granted as long-term incentive compensation, rather than an open-market stock purchase or sale.

Insights

Equity compensation and governance analyst

Routine vesting of equity awards, neutral for shareholders.

The transactions show Ji-Yeun Lee receiving 12,944 shares of PJT Partners Inc. Class A common stock through settlement of previously granted restricted stock units. Footnotes clarify these units were long-term incentive awards that convert into common stock on a one-for-one basis.

This is a non-cash equity compensation event coded as an exercise or conversion of derivative securities, not an open-market buy or sale. The filing records updated direct ownership at 18,647 restricted stock units and 88,402 shares of Class A common stock.

Such routine equity vesting is common for senior executives and typically does not, by itself, alter an investment thesis. Future company filings may provide additional context on ongoing equity award practices and any resulting changes in executive ownership levels.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Ji-Yeun

(Last) (First) (Middle)

280 PARK AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PJT Partners Inc. [ PJT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Partner

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/02/2026		M		12,944(1)	A	(2)	88,402	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	03/02/2026		M			12,944	(3)	(3)	Class A Common Stock	12,944	$0	18,647	D

Explanation of Responses:

1. Represents Class A common stock of the Issuer acquired upon settlement of a restricted stock unit award previously granted to the Reporting Person.

2. Restricted stock units convert into shares of Class A common stock of the Issuer on a one-for-one basis.

3. Restricted stock units previously granted by the Issuer to the Reporting Person as a long-term incentive award.

	/s/ David K.F. Gillis, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did PJT Partners (PJT) report for Ji-Yeun Lee?

PJT Partners reported that Managing Partner Ji-Yeun Lee acquired shares through settlement of restricted stock units. 12,944 RSUs converted into 12,944 shares of Class A common stock, reflecting routine equity compensation rather than an open-market stock purchase or sale.

How many PJT Partners (PJT) shares did Ji-Yeun Lee receive from restricted stock units?

Ji-Yeun Lee received 12,944 shares of PJT Partners Class A common stock upon settlement of an equal number of restricted stock units. The RSUs converted on a one-for-one basis, as part of long-term incentive awards previously granted by the company.

What is Ji-Yeun Lee’s ownership in PJT Partners (PJT) after this Form 4 filing?

After these transactions, Ji-Yeun Lee directly held 18,647 restricted stock units and 88,402 shares of PJT Partners Class A common stock. These figures reflect updated ownership following the conversion of 12,944 RSUs into an equal number of common shares.

Was the PJT Partners (PJT) Form 4 a stock purchase or sale by Ji-Yeun Lee?

The Form 4 does not show an open-market purchase or sale. Instead, it records an exercise or conversion of derivative securities, where 12,944 restricted stock units previously granted as compensation converted into 12,944 shares of Class A common stock at no cash exercise price.

How do PJT Partners (PJT) restricted stock units work in this Form 4?

The restricted stock units convert into PJT Partners Class A common stock on a one-for-one basis. Footnotes explain they were previously granted to Ji-Yeun Lee as long-term incentive awards, and settlement of 12,944 units resulted in delivery of 12,944 common shares.