UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 26, 2025

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PJT Partners Inc.
(Exact name of registrant as specified in its charter)


Delaware	001-36869	36-4797143
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
280 Park Avenue New York, New York		10017
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 364-7800

Not Applicable
(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
☐	Pre‑commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
☐	Pre‑commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:

     Title of each class

     Trading
Symbol(s)

     Name of each exchange on which registered

     Class A common stock, par value $0.01 per share

     PJT

     New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 8.01.	Other Events.

Pursuant to the terms of the PJT Partners Inc. (the "Company") Exchange Agreement, holders of Partnership Units ("Units") are entitled to present their Units for exchange on a quarterly basis. Paul J. Taubman, the Company's Chairman and CEO, has submitted an election to exchange 36,000 Units in connection with the current quarterly exchange. This exchange will be settled after the Company's fourth quarter 2025 earnings release in February 2026 in either cash or the Company's Class A Common Stock, at the election of the Company's Board of Directors.

In addition, Mr. Taubman has informed the Company that he intends to elect to exchange up to 36,000 Units in each of the subsequent three quarterly exchange windows. In the event that Mr. Taubman were to exchange the full 36,000 Units in each of the successive three periods, the total Units exchanged, as set forth herein, would represent approximately 2.5% of his total economic ownership in the Company.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


PJT Partners Inc.
By:	/s/ David A. Travin
	Name: David A. Travin
	Title: General Counsel

Date: November 26, 2025

PJT Partners Inc. 8-K