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Perella Weinberg Partners (NASDAQ: PWP) CEO sells 235,697 shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Perella Weinberg Partners disclosed that Chairman and CEO Andrew Bednar sold 235,697 shares of Class A common stock on August 5–7, 2026. The shares, sold at weighted average prices of $17.3600, $17.1700 and $17.4100 per share, were disposed solely to satisfy tax withholding obligations arising from vested restricted stock units, and the Rule 10b5-1 checkbox was not selected.

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Insider Bednar Andrew
Role Chairman and CEO
Sold 235,697 shs ($4.08M)
Type Security Shares Price Value
Sale Class A Common Stock F1, F4 77,753 $17.41 $1.35M
Sale Class A Common Stock F1, F3 80,045 $17.17 $1.37M
Sale Class A Common Stock F1, F2 77,899 $17.36 $1.35M
Holdings After Transaction: Class A Common Stock — 1,061,260 shares (Direct)
Footnotes (4)
  1. F1. Represents the number of shares sold solely to satisfy tax withholding obligations in connection with the settlement of vested restricted stock units.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.09 - $17.53, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
  3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $16.95 - $17.37, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.24 - $17.66, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
Total shares sold 235,697 shares Aggregate Class A shares sold by Andrew Bednar on August 5–7, 2026
August 5, 2026 sale 77,899 shares at $17.3600 Open-market sale of Class A common stock; weighted average price with range $17.09–$17.53
August 6, 2026 sale 80,045 shares at $17.1700 Open-market sale of Class A common stock; weighted average price with range $16.95–$17.37
August 7, 2026 sale 77,753 shares at $17.4100 Open-market sale of Class A common stock; weighted average price with range $17.24–$17.66
restricted stock units financial
"in connection with the settlement of vested restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"sold solely to satisfy tax withholding obligations in connection"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider stock transactions did PWP report for CEO Andrew Bednar?
Andrew Bednar sold 235,697 PWP Class A shares over August 5–7, 2026. The sales occurred in three tranches at weighted average prices of $17.3600, $17.1700 and $17.4100, solely to satisfy tax withholding on vested restricted stock units.

How many PWP shares did Andrew Bednar sell on each reported date?
On August 5, 2026, Bednar sold 77,899 shares at $17.3600. On August 6, he sold 80,045 shares at $17.1700, and on August 7 he sold 77,753 shares at $17.4100, all PWP Class A common stock.

Why did PWP CEO Andrew Bednar sell 235,697 shares of Class A stock?
The sales of 235,697 shares were made solely to satisfy tax withholding obligations related to vested restricted stock units. Footnotes explain that the transactions were not discretionary portfolio sales but to cover taxes triggered by equity compensation settlement.

Were Andrew Bednar’s PWP share sales made under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the report was not selected, indicating the trades were not reported as made under a pre-arranged 10b5-1 trading plan. They are instead linked to tax withholding on restricted stock unit vesting.

What price ranges applied to Andrew Bednar’s PWP stock sales?
Each reported per-share price is a weighted average. Footnotes state ranges of $17.09–$17.53, $16.95–$17.37, and $17.24–$17.66 for the three sale dates, with full trade-level price details available upon request.
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Bednar Andrew
(Last)(First)(Middle)
767 FIFTH AVENUE
(Street)
NEW YORK NEW YORK 10153
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Perella Weinberg Partners [ PWP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/05/2026S77,899(1)D$17.36(2)1,219,058D
Class A Common Stock08/06/2026S80,045(1)D$17.17(3)1,139,013D
Class A Common Stock08/07/2026S77,753(1)D$17.41(4)1,061,260D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the number of shares sold solely to satisfy tax withholding obligations in connection with the settlement of vested restricted stock units.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.09 - $17.53, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $16.95 - $17.37, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.24 - $17.66, inclusive. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
Remarks:
/s/ Justin Kamen, Authorized Person08/07/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR