Perella Weinberg (PWP) CFO sells 57,806 shares after unit and Class B-1 exchanges

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Perella Weinberg Partners Chief Financial Officer Alexandra Gottschalk reported a mix of equity conversions and stock sales. On May 18, she exercised PWP Holdings LP Common Units and related Class B-1 common stock into Class A common stock or cash under the company’s exchange structure, including a small disposition to the issuer.

On May 19 and 20, she executed open-market sales totaling 57,806 shares of Class A common stock at weighted average prices of about $17.58 and $17.46 per share across multiple trades. After these transactions, she directly holds 72,492 Class A shares.

Insider Trade Summary

Net Seller: 57,806 shares ($1,014,547)

Net Sell 7 txns

Insider Gottschalk Alexandra

Role Chief Financial Officer

Sold 57,806 shs ($1.01M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	14,018	$17.46	$245K
Sale	Class A Common Stock	43,788	$17.58	$770K
Exercise	PWP Holdings LP Common Units	57,749.11	$18.37	$1.06M
Exercise	Class B-1 Common Stock	57,749.11	$0.02	$1K
Exercise	Class A Common Stock	57,749.11	$0.00	--
Exercise	Class A Common Stock	57.75	$0.00	--
Disposition	Class A Common Stock	0.86	$18.37	$15.80

Holdings After Transaction: Class A Common Stock — 72,492 shares (Direct, null); PWP Holdings LP Common Units — 0 shares (Direct, null); Class B-1 Common Stock — 0 shares (Indirect, PWP VoteCo Professionals LP)

Footnotes (1)

Reflects an exchange of PWP OpCo Units (as defined below) for an equal number of Class A Shares (as defined below). In connection with the exchange, an equal number of Class B-1 Shares (as defined below) were surrendered to the Issuer and converted into Class A Shares at a conversion rate of 0.001 Class A Share for one Class B Share. Reflects the settlement of the exchange of PWP OpCo Units and Class B-1 Shares, as applicable, for cash. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.41 - $17.76, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.26 - $17.64, 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. Subject to certain lock-up periods, PWP OpCo Units, upon the surrender of an equal number of Class B-1 Shares, may be exchanged for Class A Shares on a one-for-one basis or, at the option of the Issuer, for an equivalent amount of cash. PWP OpCo Units do not expire. Concurrently with an exchange of PWP Holdings LP Common Units (which represent Class A partnership units of PWP Holdings LP) ("PWP OpCo Units") for shares of Class A common stock ("Class A Shares") or cash by a PWP Holdings LP unitholder ("Unitholder") who also holds shares of Class B-1 common stock ("Class B-1 Shares"), such Unitholder will be required to surrender to the Issuer a number of 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, for 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.

Key Figures

Total shares sold: 57,806 shares Sale price 43,788 shares: $17.58 per share Sale price 14,018 shares: $17.46 per share +5 more

8 metrics

Total shares sold 57,806 shares Open-market sales of Class A common stock

Sale price 43,788 shares $17.58 per share Weighted average price on May 19 open-market sale

Sale price 14,018 shares $17.46 per share Weighted average price on May 20 open-market sale

Shares after transactions 72,492 shares Class A common stock held directly post-transaction

Exercised derivative-related shares 115,498.22 shares Exercise or conversion of derivative-linked interests

Price range May 19 sale $17.41–$17.76 Individual trade prices within weighted average

Price range May 20 sale $17.26–$17.64 Individual trade prices within weighted average

Class B-1 conversion rate 0.001 Class A per Class B-1 Conversion rate for Class B-1 Shares to Class A Shares

Key Terms

PWP OpCo Units, Class B-1 Shares, weighted average price, lock-up periods, +1 more

5 terms

PWP OpCo Units financial

"PWP OpCo Units, upon the surrender of an equal number of Class B-1 Shares, may be exchanged for Class A Shares or cash."

Class B-1 Shares financial

"Class B-1 Shares will be converted into Class A Shares or, at the option of the Issuer, for an equivalent amount of cash."

weighted average price financial

"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions."

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.

lock-up periods financial

"Subject to certain lock-up periods, PWP OpCo Units may be exchanged for Class A Shares or cash."

A lock-up period is a set time after a company’s stock offering during which insiders, early investors, and employees are contractually prevented from selling their shares. It matters to investors because it temporarily limits how many shares can enter the market—reducing the risk of an immediate flood of sales—and when the period ends a sudden increase in supply can put downward pressure on the stock price, creating a predictable risk window.

Disposition to issuer financial

"Transaction code "D" is described as a disposition to issuer for Class A Common Stock."

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 08:04 PM

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
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^*

Gottschalk Alexandra

(Last)

(First)

(Middle)

767 FIFTH AVENUE

(Street)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		M⁽¹⁾		57,749.11	A	$0	130,241.11	D
Class A Common Stock	05/18/2026		M⁽¹⁾		57.75	A	$0	130,298.86	D
Class A Common Stock	05/18/2026		D⁽²⁾		0.86	D	$18.37	130,298	D
Class A Common Stock	05/19/2026		S		43,788	D	$17.58⁽³⁾	86,510	D
Class A Common Stock	05/20/2026		S		14,018	D	$17.46⁽⁴⁾	72,492	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
PWP Holdings LP Common Units	⁽⁵⁾	05/18/2026		M⁽¹⁾			57,749.11	⁽⁵⁾	⁽⁵⁾	Class A Common Stock	57,749.11	$18.37	0	D
Class B-1 Common Stock	⁽⁶⁾	05/18/2026		M⁽¹⁾			57,749.11	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	57.749	$0.02	0	I	PWP VoteCo Professionals LP

Explanation of Responses:

1. Reflects an exchange of PWP OpCo Units (as defined below) for an equal number of Class A Shares (as defined below). In connection with the exchange, an equal number of Class B-1 Shares (as defined below) were surrendered to the Issuer and converted into Class A Shares at a conversion rate of 0.001 Class A Share for one Class B Share.

2. Reflects the settlement of the exchange of PWP OpCo Units and Class B-1 Shares, as applicable, for cash.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging between $17.41 - $17.76, 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 $17.26 - $17.64, 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.

5. Subject to certain lock-up periods, PWP OpCo Units, upon the surrender of an equal number of Class B-1 Shares, may be exchanged for Class A Shares on a one-for-one basis or, at the option of the Issuer, for an equivalent amount of cash. PWP OpCo Units do not expire.

6. Concurrently with an exchange of PWP Holdings LP Common Units (which represent Class A partnership units of PWP Holdings LP) ("PWP OpCo Units") for shares of Class A common stock ("Class A Shares") or cash by a PWP Holdings LP unitholder ("Unitholder") who also holds shares of Class B-1 common stock ("Class B-1 Shares"), such Unitholder will be required to surrender to the Issuer a number of 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, for 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.

Remarks:

	/s/ Justin Kamen, Authorized Person	05/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PWP CFO Alexandra Gottschalk report in this Form 4?

She reported exercising partnership and related equity interests into Class A common stock or cash, then selling 57,806 Class A shares in open-market transactions, and ending with 72,492 Class A shares held directly.

How many Perella Weinberg Partners (PWP) shares did the CFO sell?

She sold a total of 57,806 shares of PWP Class A common stock in two open-market transactions, one for 43,788 shares and another for 14,018 shares, at weighted average prices around the mid-$17 range.

At what prices were the PWP shares sold by the CFO?

The reported weighted average sale prices were $17.58 per share for 43,788 shares and $17.46 per share for 14,018 shares, with individual trades ranging between $17.26 and $17.76, as detailed in the Form 4 footnotes.

How many PWP shares does Alexandra Gottschalk hold after these transactions?

Following the reported exercises, dispositions, and open-market sales, Alexandra Gottschalk directly holds 72,492 shares of Perella Weinberg Partners Class A common stock, according to the post-transaction share balances disclosed in the Form 4.

What was the role of PWP Holdings LP Common Units and Class B-1 shares in this filing?

PWP Holdings LP Common Units and Class B-1 shares were exchanged or exercised in connection with the company’s structure, with units and Class B-1 shares converted into Class A shares or cash and certain Class B-1 shares surrendered to the issuer as described in the footnotes.

Did any transactions involve dispositions to Perella Weinberg Partners itself?

Yes. One transaction coded “D” reflects a small disposition of Class A common stock to the issuer, alongside the broader exchange of PWP OpCo Units and related Class B-1 shares under the company’s exchange and conversion mechanics.