[Form 4] PJT Partners Inc. Insider Trading Activity

Rhea-AI Filing Summary

PJT Partners Inc. director Peter L.S. Currie acquired 2 restricted stock units on 09/17/2025 that vest into Class A common stock. Each RSU converts into one share, and the report states these RSUs include dividend equivalent rights that vest with the underlying awards. After the reported grant Currie beneficially owns 1,737 shares of Class A common stock on a direct basis. The Form 4 was signed by an attorney-in-fact on 09/19/2025.

Positive

• Director received equity aligned with shareholders via 2 restricted stock units that convert to Class A common stock
• RSUs include dividend equivalent rights, preserving economic parity with underlying shares
• Form 4 filed and signed (attorney-in-fact) within two days of the transaction date, indicating timely disclosure

Negative

• None.

Insights

Financial Analyst

TL;DR: A minor director grant of 2 RSUs increases direct holdings to 1,737 shares; immaterial to company capitalization.

The filing documents a small equity award to a reporting director: 2 restricted stock units granted 09/17/2025, each representing one share and carrying dividend equivalents. The reported holdings after the transaction are 1,737 shares, held directly. There are no disclosed exercise prices or derivative exercises; the award is standard compensation-equity with vesting tied to the underlying RSUs. Given the nominal size relative to typical institutional stakes, this disclosure is routine and likely has no material financial impact.

Corporate Governance Expert

TL;DR: Routine insider grant to a director with dividend equivalents; disclosure complies with Section 16 reporting.

The Form 4 shows compliance with reporting requirements for a director-level equity award. The instrument is described as restricted stock units (RSUs) that convert into Class A common stock and include dividend equivalent rights. The report indicates direct beneficial ownership and was filed promptly with an attorney-in-fact signature on 09/19/2025. There are no governance concerns or unusual terms disclosed in the form.

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).

1. Name and Address of Reporting Person^*

CURRIE PETER L S

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

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

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)	09/17/2025		A(2)		2		(2)	(2)	Class A Common Stock	2	$0	1,737	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, as Attorney-in-Fact	09/19/2025
	** 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.

FAQ

What transaction did Peter L.S. Currie report on the PJT Form 4?

The Form 4 reports a grant of 2 restricted stock units (RSUs) on 09/17/2025 that convert to Class A common stock.

How many shares does Peter L.S. Currie beneficially own after the reported transaction?

The filing shows Currie beneficially owns 1,737 shares of PJT Class A common stock on a direct basis following the transaction.

Do the RSUs reported by Currie carry dividend rights?

Yes, the RSUs include dividend equivalent rights that accrue in restricted stock units and vest with the underlying awards.

When was the Form 4 signed and by whom?

The Form 4 was signed by David K.F. Gillis, as Attorney-in-Fact on 09/19/2025.

What is Peter Currie’s relationship to PJT as stated on the form?

The form lists Currie as a Director of PJT Partners Inc.