Perella Weinberg Partners Chairman and CEO Andrew Bednar sold 235,697 shares of Class A common stock across three trading sessions from August 5 through August 7, 2026, for total proceeds of $4,080,379, according to Form 4 filings with the Securities and Exchange Commission.
The shares were sold at weighted average prices of $17.36, $17.17, and $17.41 per share, respectively. Each transaction was executed solely to satisfy tax withholding obligations arising from the vesting of restricted stock units, and the Rule 10b5-1 checkbox was not selected on the filings.
Following the reported transactions, Bednar directly beneficially owns 1,061,260 shares of Class A common stock. The sales represent a reduction of roughly 18% from his pre-transaction direct holdings, though one disclosure cited a 6.57% decrease following a single day's trade.
The stock closed at $17.50 on Friday, August 7, up $0.44 on volume of 1.47 million shares, above the average session volume of 1.14 million. The market appeared to absorb the insider selling without significant price pressure.
Perella Weinberg reported second-quarter results on July 31, posting revenue of $156.5 million, a 1% increase year over year, and adjusted earnings per share of $0.20, well above the $0.06 consensus estimate. For the first half of 2026, revenue declined 17% to $305.4 million, driven by fewer large fee events. The firm highlighted accelerating transaction momentum and a growing backlog, along with the addition of ten partners and eleven managing directors year to date.