[Form 4] Perella Weinberg Partners Insider Trading Activity

Rhea-AI Filing Summary

Robert K. Steel, a director of Perella Weinberg Partners (PWP), reported equity changes tied to vesting of performance-based restricted stock units. On 08/31/2025, 30,000 performance-based stock units vested and were reported as acquired at $0, increasing his beneficial ownership to 128,772 shares. A subsequent transaction on 09/02/2025 shows a deemed disposition of 15,315 Class A shares at $22.13, which the filer explains was to satisfy tax withholding obligations, leaving beneficial ownership of 113,457 shares. The PSU grant originated on 08/31/2021 and vested after both service and stock-price performance conditions were met.

Positive

• Performance-based PSUs vested, indicating the company met the specified stock-price hurdles tied to the 2021 grant
• Transparent disclosure of both the vesting and the tax-withholding disposition in a timely Form 4 filing

Negative

• Reduction in beneficial ownership from 128,772 to 113,457 shares after the tax-related disposition
• Material amount of shares withheld (15,315 shares), which reduces the director's net shareholdings

Insights

Securities Analyst

TL;DR: Director vested 30,000 PSUs and sold 15,315 shares to satisfy taxes, modest net reduction in holdings.

The filing documents a routine executive equity vesting and tax-related disposition rather than an opportunistic market sale. The grant was a performance-based award from 2021 that met both service and price hurdles and converted into 30,000 shares on 08/31/2025. The deemed disposition of 15,315 shares at $22.13 reflects tax withholding, reducing reported beneficial ownership to 113,457 shares. For investors, this is an insider liquidity event tied to compensation mechanics, not necessarily a signal about company fundamentals.

Corporate Governance Expert

TL;DR: Compensation plan functioning as intended; vesting conditions and tax withholding executed and disclosed properly.

The document shows transparent compliance with Section 16 reporting: performance-based restricted stock units vested per their 2021 terms and the reporting includes the customary withholding of shares to satisfy tax obligations. The transactions are standard governance/compensation events and the form is signed by an attorney-in-fact. No indications of unusual related-party transactions or structural governance concerns are present in the filing itself.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

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^*

STEEL ROBERT K

(Last) (First) (Middle)

767 FIFTH AVENUE

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Perella Weinberg Partners [ PWP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

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
Class A Common Stock	08/31/2025		M		30,000	A	$0	128,772	D
Class A Common Stock	09/02/2025		F		15,315(1)	D	$22.13	113,457	D

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
Performance-Based Stock Units	(2)	08/31/2025		M			30,000	(3)(4)	(3)(4)	Class A Common Stock	30,000	$0	60,000	D

Explanation of Responses:

1. Represents deemed disposition of shares of Class A common stock to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

2. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Class A common stock.

3. The PSUs granted on August 31, 2021 vest based on the achievement of (i) service-based vesting conditions that are satisfied in five equal installments on the 36, 42, 48, 54 and 60 month anniversaries of the grant date and (ii) performance-based vesting conditions that are satisfied upon the achievement of closing stock price hurdles for 20 out of any 30 consecutive trading days equal to $12, $13.50, $15 and $17, in each case prior to the sixth anniversary of the grant date.

4. These PSUs vested on August 31, 2025, upon the achievement of certain service-based and performance-based vesting conditions.

Remarks:

	/s/ Mark Polemeni, as Attorney-in-Fact	09/03/2025
	** 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 transactions did Robert K. Steel report on Form 4 for PWP?

The filing reports vesting of 30,000 performance-based stock units on 08/31/2025 and a deemed disposition of 15,315 Class A shares on 09/02/2025 at $22.13 to satisfy tax withholding.

How many shares does Robert K. Steel beneficially own after these transactions?

Following the reported transactions, he beneficially owns 113,457 shares of Class A common stock.

Why were 15,315 shares disposed of according to the Form 4?

The filing states the disposition of 15,315 shares represents shares surrendered to the issuer to satisfy tax withholding obligations related to RSU vesting.

When were the PSUs originally granted and what were the vesting conditions?

The PSUs were granted on 08/31/2021 and vested after meeting service-based vesting (installments over 36–60 months) and performance-based closing-price hurdles prior to the sixth anniversary.

Who signed the Form 4 filing?

The Form 4 was signed by Mark Polemeni, as Attorney-in-Fact on behalf of the reporting person on 09/03/2025.