Cornwell Kievdi Don

PJT Partners director Cornwell Kievdi Don sold 20,000 shares (69.3% of holdings) in 4 transactions for $3.0M

Director Cornwell Kievdi Don executed 4 separate sales totaling 20,000 shares for $3,013,394.23 at a blended average price of $150.67 over two trading days (May 29–30), reducing his holdings from 28,847 shares to 8,847 shares. The scale of the divestiture—a 69.3% reduction in position—is material. His prior 3 open-market sales at PJT occurred in August 2024 at prices ranging near $151–$152; the current blended average of $150.67 is nearly identical to those prior exits, and all three of those earlier August sales produced positive 90-day returns, meaning the stock rose after he sold—a poorly-timed pattern by the metrics of sell-side investors. This latest sale occurs while the stock is trading near its blended transaction price, approximately 15.2% below the 52-week high of $177.59, suggesting neither a peak-exit signal nor a capitulatory low; the company's fundamentals remain strong with $324.5M quarterly revenue, 29.5% annual growth, and a P/E of 23.99. The timing and scale warrant attention to whether this represents a material liquidity event or reflects broader positioning by the director.

Director Cornwell sold 15,585 shares ($1.9M) in 3 transactions; holdings reduced 86.9% to 2,340 shares

Director Cornwell Kievdi Don executed 3 separate sales totaling 15,585 shares for $1,923,523.63 on 2024-08-29 and 2024-08-30, with a blended average price of $123.42. This represents a dramatic reduction in his direct stake—from 17,925 shares to 2,340 shares (86.9% reduction), leaving him with minimal holdings at PJT. The sales occurred when the stock was trading within its 52-week range (current price $123.50, range $71.72–$132.94), with the company posting solid fundamentals: $360.2M in latest quarterly revenue, +12.4% annual growth, and $28.3M net income, though a P/E of 29.69 reflects elevated valuation. The near-complete liquidation of a director's position is a material shift that warrants scrutiny into his future involvement or confidence posture.