Perella Weinberg Partners Rule 144 Notice: Recent Insider Sales Total $2.5M

Rhea-AI Filing Summary

Form 144 notice for PWP (Perella Weinberg Partners) shows a proposed sale of 6,813 common shares valued at $148,842.93 with an approximate sale date of 09/10/2025 on NASDAQ. The shares being offered were acquired on 09/02/2025 in an exchange of private units from the issuer and the consideration is recorded as services rendered. The filing also discloses three sales by related parties during the past three months totaling 118,546 shares for gross proceeds of $2,500,059.72 across trade dates 06/11/2025 and 09/09/2025. The filing includes the required attestation that the seller is not aware of undisclosed material adverse information. The issuer name and several filer identifiers are not provided in the visible content.

Positive

• Transparent Rule 144 disclosure of proposed sale including date, amount, and market value
• Inclusion of attestation that the seller is not aware of undisclosed material adverse information
• Details on acquisition are provided (acquired 09/02/2025 via exchange of private units for services)

Negative

• Significant recent insider/related-party selling: 118,546 shares sold in past three months for approximately $2.50 million
• Issuer name and key filer identifiers are missing in the visible content, limiting context and materiality assessment

Insights

Securities Analyst

TL;DR: Insider intends to sell a small block acquired via unit exchange; recent related-party sales were substantially larger.

The notice documents a proposed sale of 6,813 shares valued at roughly $149k, acquired eight days earlier by exchanging private units, with payment characterized as services rendered. Material for investors: the transaction is routine Rule 144 disclosure rather than an earnings or strategic event. However, the prior three-month disposition of 118,546 shares for about $2.5 million by the same/related parties represents meaningful insider liquidity activity. Because the filing does not name the issuer within the visible text, assessment of proportionality relative to total outstanding shares is limited. Compliance representation is included, which is standard.

Corporate Governance Expert

TL;DR: Filing shows compliant insider selling activity and a recent acquisition via unit exchange tied to services.

From a governance perspective, the form meets Rule 144 disclosure norms by reporting the planned sale, acquisition date, nature of acquisition, and recent dispositions. The acquisition through exchange of private units for services raises governance considerations about compensation structure, but the filing only states the fact without further detail. The seller’s attestation that no material nonpublic information exists is present, which is a required governance safeguard. Missing issuer identification in the visible content limits deeper governance conclusions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6813	148842.93	62521774	09/10/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/02/2025	Exchange of Private Units	Issuer			6813	09/02/2025	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ROBERT STEEL 767 Fifth Avenue New York NY 10153	Common	09/09/2025	78556	1709496.39
THE ROBERT K. STEEL GST TRUST 767 Fifth Avenue New York NY 10153	Common	09/09/2025	11976	260615.72
ROBERT STEEL 767 Fifth Avenue New York NY 10153	Common	06/11/2025	28214	528947.61

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for PWP disclose about the proposed sale?

It discloses a proposed sale of 6,813 common shares valued at $148,842.93 with an approximate sale date of 09/10/2025 on NASDAQ.

How and when were the shares being offered acquired?

The shares were acquired on 09/02/2025 in an exchange of private units from the issuer, with consideration listed as services rendered.

What insider sales in the past three months are disclosed in this filing?

The filing reports three sales totaling 118,546 shares for gross proceeds of $2,500,059.72 (dates: 06/11/2025 and 09/09/2025).

Does the filing include a representation about material nonpublic information?

Yes, the filer attests by signature that they do not know of any material adverse information about the issuer that has not been publicly disclosed.

On which exchange will the proposed sale be executed?

The proposed sale is identified to occur on NASDAQ.