Officer & Director Robert Steel Files Intent to Sell $1.57M in Shares
PWP is trading near its 52-week low of $14.54 (7.7% above the low).
Summary
An officer and director at Perella Weinberg Partners has filed an intent to sell $1.57 million in shares, adding to a pattern of insider selling amidst recent negative company news.
Key Events · Ownership and Investor Activity · PWP
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Officer Files Intent to Sell Shares
Robert Steel, an Officer and Director, has filed a Form 144 indicating an intent to sell 100,000 shares of common stock, valued at approximately $1.57 million.
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Adds to Pattern of Insider Selling
This filing follows a series of Form 144s and actual insider sales in the past 90 days, including a $2 million sale by the CFO, contributing to a net distribution signal from insiders.
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Shares Recently Acquired
The shares intended for sale were acquired through restricted stock vesting and an exchange of private units between February and May 2026, indicating a rapid intent to monetize recently vested compensation.
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Context of Recent Company Performance
The intent to sell comes after the company reported a significant 30% year-over-year revenue decrease and an operating loss in Q1 2026, alongside recent news of workforce reductions.
Analysis · PWP · Finance
Officer and Director Robert Steel has filed an intent to sell approximately $1.57 million worth of shares. This transaction is notable given the company's recent financial performance, including a Q1 revenue decrease and operating loss, as well as recent workforce reductions. This filing also adds to a pattern of insider selling, with other officers, including the CFO, having recently sold shares. The shares intended for sale were acquired through restricted stock vesting and unit exchange as recently as May 2026, indicating a quick monetization of compensation.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 29.1% of the 1703 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PWP was trading at $15.66 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $14.54 to $25.93. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.