CAI CHENYU CAROLINE (Executive Vice President) exercised options at PZENA INVESTMENT MANAGEMENT, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

CAI CHENYU CAROLINE

Filed: 12/21/2021ACC: 0001567619-21-022398

InsiderCAI CHENYU CAROLINECIK 1768116

→

IssuerPZENA INVESTMENT MANAGEMENT, INC.CIK 1399249

Officer· Executive Vice President

Since Feb 2019

+57.83K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

115.66K acquired · 57.83K disposed

Non-Derivative Transactions2

Class B common stock, par value $0.000001

Indirect

M · Option Exercise

+5.88K

Price / share

—

Trade value

—

% of position

0.7%

12/19/2021

833.60K→839.48K

Class B common stock, par value $0.000001

Indirect

M · Option Exercise

+51.95K

Price / share

—

Trade value

—

% of position

6.2%

12/20/2021

839.48K→891.43K

Total

Net shares

+57.83K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class B common stock, par value $0.000001 Indirect	12/19/2021	M · Option Exercise	+5.88K	—	—	0.7%	833.60K	839.48K
Class B common stock, par value $0.000001 Indirect	12/20/2021	M · Option Exercise	+51.95K	—	—	6.2%	839.48K	891.43K
Total			+57.83K		$0.00

Derivative Transactions4

Phantom Class B Units

Direct

M · Option Exercise

Converts to

Class B Units

5.88K shares

−5.88K

Strike price

Held after

11.77K

Exercisable

—

12/19/2021

Class B Units

Indirect

M · Option Exercise

Converts to

Class A common stock, par value $0.01

5.88K shares

+5.88K

Strike price

Held after

839.48K

Exercisable

—

12/19/2021

Phantom Class B Units

Direct

M · Option Exercise

Converts to

Class B Units

51.95K shares

−51.95K

Strike price

Held after

51.95K

Exercisable

—

12/20/2021

Class B Units

Indirect

M · Option Exercise

Converts to

Class A common stock, par value $0.01

51.95K shares

+51.95K

Strike price

Held after

891.43K

Exercisable

—

12/20/2021

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Class B Units Direct	Class B Units5.88K shares	12/19/2021	M · Option Exercise	−5.88K	—	11.77K
Class B Units Indirect	Class A common stock, par value $0.015.88K shares	12/19/2021	M · Option Exercise	+5.88K	—	839.48K
Phantom Class B Units Direct	Class B Units51.95K shares	12/20/2021	M · Option Exercise	−51.95K	—	51.95K
Class B Units Indirect	Class A common stock, par value $0.0151.95K shares	12/20/2021	M · Option Exercise	+51.95K	—	891.43K