PJT Partners (PJT) managing partner receives grant of 35 restricted stock units

Rhea-AI Filing Summary

Lee Ji-Yeun reported acquisition or exercise transactions in this Form 4 filing.

PJT Partners Inc. Managing Partner Ji-Yeun Lee received a grant of 35 restricted stock units on Issuer Class A common stock. Each unit represents a contingent right to receive one share, including dividend equivalent rights that accrue and vest at the same time as the underlying restricted stock units. Following this grant, Lee directly holds 18,682 shares-related units.

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

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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 NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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

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

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

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

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	(1)	03/18/2026		A(2)		35		(2)	(2)	Class A Common Stock	35	$0	18,682	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Issuer Class A common stock.

2. Represents dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.

	/s/ David K.F. Gillis, Attorney-in-Fact	03/20/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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

PJT reported that Managing Partner Ji-Yeun Lee received a grant of 35 restricted stock units. These units are a form of equity compensation that convert into shares of Class A common stock upon vesting, aligning the executive’s interests with shareholders.

What does each PJT (PJT) restricted stock unit granted to Ji-Yeun Lee represent?

Each restricted stock unit represents a contingent right to receive one share of PJT Partners Class A common stock. The units typically convert into actual shares when vesting conditions are satisfied, turning the award into direct equity ownership over time.

Why were additional PJT (PJT) restricted stock units granted as dividend equivalents?

The filing states the 35 units represent dividend equivalent rights tied to PJT’s dividend. These rights accrue in restricted stock units and vest at the same time as the underlying units, preserving economic value for the holder when dividends are paid before vesting.

How many PJT (PJT) shares or units does Ji-Yeun Lee hold after this grant?

After the reported grant, Ji-Yeun Lee’s total direct holdings are 18,682 shares-related units. This figure reflects the updated position following the 35 restricted stock units awarded on the transaction date disclosed in the Form 4 filing.

Is the PJT (PJT) Form 4 transaction a market purchase or sale?

The transaction is reported as an acquisition through a grant or award, not a market trade. It is coded as a compensation-related grant of restricted stock units, rather than an open-market purchase or sale of PJT Partners common stock.