PJT Partners Inc. Managing Partner Ji-Yeun Lee filed a Form 4 on November 6, 2026, disclosing a November 5, 2026 exchange of 15,000 Partnership Units of PJT Partners Holdings LP for cash.

Key Highlights

  • Reporting Person: Ji-Yeun Lee, identified as Managing Partner of PJT Partners Inc. (NASDAQ:PJT)
  • Transaction: 15,000 Partnership Units of PJT Partners Holdings LP were exchanged for cash on November 5, 2026, via transaction code M
  • Exchange Election Date: Lee submitted the election to exchange the 15,000 units on August 31, 2026
  • Price Reported: The transaction was recorded at $153.7236 per share of Class A Common Stock
  • Remaining Direct Holdings: Following the transaction, Lee beneficially owns 684,849 shares of Class A Common Stock directly
  • Indirect Holdings: Lee also holds 100,000 shares of Class A Common Stock indirectly through a family trust
  • Vesting Note: According to the filing, "certain Partnership Units remain subject to previously disclosed time-based vesting conditions"

Ji-Yeun Lee's November 2026 Partnership Unit Exchange at PJT Partners

According to the filing, on August 31, 2026, Lee submitted an election to exchange 15,000 Partnership Units of PJT Partners Holdings LP. The filing states that under the terms of the issuer's Exchange Agreement, Partnership Units may be exchanged on a quarterly basis for cash or, at the election of the issuer's Board of Directors, for shares of Class A Common Stock on a one-for-one basis. In this instance, the filing discloses that the units "were exchanged for cash" effective November 5, 2026.

The filing records the transaction at a price of $153.7236 per unit, with a transaction code of M indicating a conversion or exercise of a derivative security. Following the exchange, Lee's direct beneficial ownership of Class A Common Stock stands at 684,849 shares, as reported in the filing. Lee also retains an indirect beneficial interest in 100,000 shares of Class A Common Stock held by a family trust.

The filing further notes that "certain Partnership Units remain subject to previously disclosed time-based vesting conditions," without specifying the number of units still subject to those conditions. The Form 4 was signed by David K.F. Gillis as attorney-in-fact and filed on November 6, 2026.

What Was Disclosed

Ji-Yeun Lee, Managing Partner at PJT Partners Inc. (NASDAQ:PJT), disclosed the cash exchange of 15,000 Partnership Units of PJT Partners Holdings LP on November 5, 2026, at $153.7236 per unit, leaving direct holdings of 684,849 Class A shares.