PWP CFO sells 57,806 shares after equity conversions
Perella Weinberg Partners Chief Financial Officer Alexandra Gottschalk reported a mix of equity conversions and stock sales.
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Form Type
4
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Gottschalk Alexandra
Role
Chief Financial Officer
Sold
57,806 shs ($1.01M)
Approx. gross sale proceeds
$1.01M
Approx. exercise cost
$0.00
| 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 | $0.00 |
| Exercise | Class A Common Stock | 57.75 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 0.86 | $18.37 | $15.80 |
Holdings After Transaction:
PWP Holdings LP Common Units — 0 contracts (Direct);
Class B-1 Common Stock — 0 contracts (Indirect, PWP VoteCo Professionals LP);
Class A Common Stock — 72,492 shares (Direct)
Footnotes (6)
- F1. 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.
- F2. Reflects the settlement of the exchange of PWP OpCo Units and Class B-1 Shares, as applicable, for cash.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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."
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
