[Form 4] PJT Partners Inc. Insider Trading Activity

Rhea-AI Filing Summary

PJT Partners insider reported receipt of 16 restricted stock units (RSUs) on 09/17/2025 that vest into Class A common stock. The filing shows the reporting person holds 12,405 shares of Class A common stock following the award. The RSUs were granted at a $0 purchase price and include dividend equivalent rights that vest with the underlying RSUs. The transaction was reported on a Form 4 signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Officer received equity alignment via 16 restricted stock units, which aligns management incentives with shareholders
• Beneficial ownership reported at 12,405 shares, providing transparency about insider holdings

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider equity award; typical executive compensation reporting, limited immediate market impact.

The Form 4 documents a small grant of 16 restricted stock units to an officer of PJT Partners, which increases reported beneficial ownership to 12,405 shares. The grant is recorded as having a $0 purchase price and includes dividend equivalent rights that vest with the underlying RSUs. This is a standard disclosure for executive compensation and required under Section 16. There is no indication of other transactions, stock sales, or exercises that would signal liquidity events or material shifts in insider position.

Securities Analyst

TL;DR: Minor issuance of equity-based compensation; not materially dilutive or market-moving.

The transaction consists of 16 RSUs granted to the reporting officer, recorded on 09/17/2025, bringing direct beneficial ownership to 12,405 shares. The award carries dividend equivalent rights and no exercise price, typical for restricted stock units. Given the small size of the grant relative to total outstanding shares implied by the ownership number, this disclosure is informational and does not represent a material change to capital structure or insider ownership concentration.

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).

1. Name and Address of Reporting Person^*

Travin David Adam

(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)
	General Counsel

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)		16		(2)	(2)	Class A Common Stock	16	$0	12,405	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 the PJT insider report on Form 4?

The Form 4 reports the grant of 16 restricted stock units (RSUs) to the reporting officer on 09/17/2025.

How many PJT shares does the reporting person own after the transaction?

The reporting person beneficially owns 12,405 shares of Class A common stock following the reported transaction.

Was there a purchase price for the RSUs reported?

No. The RSUs were reported with a $0 price, consistent with restricted stock unit grants.

Do the RSUs include dividend rights?

Yes. The filing states these RSUs represent dividend equivalent rights that accrue and vest with the underlying restricted stock units.

When was the Form 4 signed and filed?

The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/19/2025.