Perella Weinberg affiliate distributes 1.997M B-1 shares
Perella Weinberg Partners (PWP) reports that PWP VoteCo Professionals LP distributed 1,997,030 shares of its Class B-1 Common Stock to one or more of its limited partners on September 1, 2026, as an other disposition.
Rhea-AI Filing Summary
Perella Weinberg Partners (PWP) reports that PWP VoteCo Professionals LP distributed 1,997,030 shares of its Class B-1 Common Stock to one or more of its limited partners on September 1, 2026, as an other disposition. Following this restructuring transaction, it holds 18,021,285 Class B-1 shares directly.
According to the partnership exchange structure, PWP Holdings LP Common Units held by partners other than the issuer can be exchanged for Class A Common Stock or cash, with a concurrent surrender and conversion of an equal number of Class B-1 shares at a rate of 0.001 Class A share per Class B-1 share. No Rule 10b5-1 trading plan is reported for this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B-1 Common Stock F1, F2 | 1,997,030 | $0.02 | $40K |
Footnotes (2)
- F1. PWP Holdings LP ("PWP OpCo") Common Units (which represent Class A partnership units of PWP OpCo) ("PWP OpCo Units") held by partners other than the Issuer can be exchanged for Issuer stock or cash on certain dates. Concurrently with an exchange of PWP OpCo Units for shares of Issuer Class A common stock ("Class A Shares") or cash by an exchanging PWP OpCo unitholder ("Unitholder"), such Unitholder will be required to surrender to the Issuer a number of Issuer Class B-1 common stock ("Class B-1 Shares") equal to the number of PWP OpCo Units exchanged, and such Class B-1 Shares will be converted into Class A Shares or, at the option of the Issuer, an equivalent amount of cash, which will be delivered to such Unitholder at a conversion rate of 0.001 Class A Share for one Class B-1 Share. The Reporting Person will distribute such Class B-1 Shares to the applicable Unitholder immediately prior to any such exchange.
- F2. Reflects a distribution of Class B-1 Shares by the Reporting Person to one or more of its limited partners.
Key Figures
Key Terms
Class B-1 Common Stock financial
PWP OpCo Units financial
director by deputization regulatory
Section 16 of the Securities Exchange Act of 1934 regulatory
Stockholder's Agreement regulatory
FAQ
What insider transaction did PWP report in this Form 4 for PWP VoteCo Professionals LP?
Was the PWP Form 4 transaction made under a Rule 10b5-1 trading plan?
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