Perella Weinberg Partners (PWP) director sells 100,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perella Weinberg Partners director Robert K. Steel sold 100,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $15.76 per share. After this sale, he directly holds 287,922 shares of the company’s Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 100,000 shares ($1,576,000)
Net Sell
1 txn
Insider
STEEL ROBERT K
Role
null
Sold
100,000 shs ($1.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 100,000 | $15.76 | $1.58M |
Holdings After Transaction:
Class A Common Stock — 287,922 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 100,000 shares
Weighted average sale price: $15.76 per share
Post-transaction holdings: 287,922 shares
+1 more
4 metrics
Shares sold
100,000 shares
Class A Common Stock sold in open-market transaction
Weighted average sale price
$15.76 per share
Average price for 100,000 shares sold
Post-transaction holdings
287,922 shares
Class A Common Stock held directly after sale
Sale price range
$15.57–$15.98 per share
Range of prices for multiple trade executions
Key Terms
Class A Common Stock, open-market sale, weighted average price, Form 4
4 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PWP director Robert K. Steel report?
Director Robert K. Steel reported selling 100,000 shares of Perella Weinberg Partners Class A Common Stock. The sale was an open-market transaction at a weighted average price of $15.76 per share, according to the disclosed Form 4 data.
At what price did Robert K. Steel sell PWP Class A Common Stock?
Robert K. Steel sold PWP Class A Common Stock at a weighted average price of $15.76 per share. The shares were sold in multiple trades at prices ranging between $15.57 and $15.98, as described in the transaction footnote.
Was the PWP insider sale by Robert K. Steel an open-market transaction?
Yes, the transaction is classified as an open-market sale of Perella Weinberg Partners Class A Common Stock. The filing describes the transaction code as a sale and labels the action as an open-market sale or private transaction at specified market prices.