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In the course of conducting the business of Perella Weinberg Partners (together with its subsidiaries, the “Firm”), you may come into possession of material information about the Firm or other entities that is not available to the investing public (referenced herein as “material nonpublic information,” as explained in greater detail below). You have a legal and ethical obligation to maintain the confidentiality of material nonpublic information. In addition, it is illegal and a violation of Firm policy to purchase or sell securities of the Firm while you are in possession of material nonpublic information about the Firm. The Firm’s Board of Directors has adopted this Policy in order to ensure compliance with the law and to avoid even the appearance of improper conduct by anyone associated with the Firm.

The procedures and restrictions set forth in this Policy apply to all Firm officers, directors, employees and consultants who agree to be bound by the Firm’s policies and procedures, wherever located. The Firm may also determine that other persons should be subject to this Policy, such as contractors or consultants, who have access to material nonpublic information. This Policy also applies to family members, such as spouses, minor children, adult family members who share the same household, and any other person or entity whose securities trading decisions are influenced or controlled by the officer, director or employee (collectively, “Related Insiders”). For additional information regarding post-termination transactions, see section XI of this Policy.

This Policy applies to transactions in common stock, preferred stock, bonds and other debt securities, options to purchase common stock, convertible debentures and warrants, as well as derivative securities whether or not issued by the Firm, such as exchange-traded put or call options or swaps, in all cases, relating to the Firm’s securities. See the section VI, “Special Transactions” and section VIII, “Prohibited Transactions” for further discussion of certain types of securities and transactions. Depositing the Firm’s securities in a Managed Account (as described under the Firm’s Personal Trading Accounts Policy) is a transaction that is subject to this Policy (including the Addendum, where applicable). Personal trading in stocks, debt securities and other instruments that are not the Firm’s securities are covered by the Firm’s Personal Trading Accounts Policy.

To avoid even the appearance of impropriety, additional restrictions on trading Firm securities apply to directors, officers and certain designated employees who have regular access to material nonpublic information about the Firm. These policies are set forth in the Firm’s Addendum to the Insider Trading Policy, attached hereto (the “Addendum”). The Firm will notify you if you are subject to the Addendum. The Addendum generally prohibits directors and designated employees from trading in Firm securities during blackout periods and requires pre-clearance for all transactions in Firm securities.

Each person subject to this Policy is individually responsible for complying with this Policy and ensuring the compliance of any Related Insiders whose transactions are subject to this Policy. Accordingly, you should make your family and household members aware of the need to confer with you before they trade in Firm securities, and you should treat all such transactions for the purposes of this Policy and applicable securities laws concerning trading while in possession of material nonpublic information as if the transactions were for your own account.

In all cases, the responsibility for determining whether an individual is in possession of material nonpublic information rests with that individual, and any action on the part of the Firm or any other employee pursuant to this Policy (or otherwise) does not in any way constitute legal advice or insulate an individual from liability under applicable securities laws.

Information may be material even if it relates to future, speculative or contingent events and even if it is significant only when considered in combination with publicly available information. Material information can be positive or negative. Nonpublic information can be material, even with respect to companies that do not have publicly traded stock, such as those with outstanding bonds.

•events regarding the Firm’s securities (e.g., defaults on senior securities, calls of securities for redemption, repurchase plans, stock splits, changes in dividends, changes to the rights of securityholders or an offering of additional securities);

What is Nonpublic Information? Information is considered to be nonpublic unless it has been adequately disclosed to the public. This means that the information must be publicly disseminated and sufficient time must have passed for the securities markets to digest the information.

It is important to note that information is not necessarily public merely because it has been discussed in the press or on social media, which will sometimes report rumors. You should presume that information is nonpublic, unless you can point to its official release by the Firm in at least one of the following ways:

You may not attempt to “beat the market” by trading simultaneously with, or shortly after, the official release of material information. Although there is no fixed period for how long it takes the market to absorb information, out of prudence a person in possession of material nonpublic information should refrain from any trading activity for two full trading days following its official release by the Firm.

Twenty-Twenty Hindsight. If securities transactions ever become the subject of scrutiny, they are likely to be viewed after-the-fact with the benefit of hindsight. As a result, before engaging in any transaction you should carefully consider how the transaction may be construed in the bright light of hindsight. If you have any questions or uncertainties about this Policy or a proposed transaction, please ask the Chief Legal Officer or General Counsel, as applicable (the “General Counsel”).

In addition to trading while in possession of material nonpublic information, it is also a violation of this Policy to provide such information to another (“tipping”) who may trade or to advise another to trade on the basis of such information. It is a violation of law to do so if a trade then occurs, and insider trading liability may be extended to the tipper. This Policy applies regardless of whether the person or entity who receives the information, the “tippee,” is related to you and regardless of whether you receive any monetary benefit from the tippee.

A.Employee Stock Purchase Plan. The trading restrictions in this Policy do not apply to purchases of Firm stock in the employee stock purchase plan, if offered by the Firm, resulting from periodic payroll contributions to the plan under an election made at the time of enrollment in the plan. The trading restrictions also do not apply to purchases of Firm securities resulting from lump sum contributions to the plan, provided that you elected to participate by lump sum payment at the beginning of the applicable enrollment period. The trading restrictions do apply, however, to an election to participate in the plan or changes in payroll contributions made outside of an open enrollment period and to subsequent sales of Firm stock purchased under the plan.

B.Stock Option Exercises. The trading restrictions in this Policy do not apply to exercises of stock options where no Firm common stock is sold in the market to fund the option exercise price or related taxes (i.e., a net exercise or where cash is paid to exercise the option) or to the exercise of a tax withholding right pursuant to which a person has elected to have the Firm withhold shares subject to an option to satisfy tax withholding requirements. The trading restrictions do apply, however, to subsequent sales of Firm common stock received upon the exercise of options in which the proceeds are used to fund the option exercise price (i.e., a cashless exercise of options) or related taxes. In addition, the Firm reserves the right to limit or restrict stock option exercises or tax withholdings not made pursuant to standing elections in appropriate circumstances.

C.Restricted Stock and Stock Unit Awards. The trading restrictions in this Policy do not apply to the vesting of restricted stock or the delivery of shares in settlement of restricted stock unit awards, or the withholding or sale of shares of stock by the Firm to satisfy tax withholding requirements upon the vesting of any restricted stock or upon the delivery of shares in settlement of restricted stock unit awards. The trading restrictions do apply, however, to any market sale of any

D.Qualified Redemptions and Exchanges. The trading restrictions in this Policy do not apply to: (i) redemptions of Class A-1 Common Units in PWP VoteCo Professionals LP pursuant to Article XIV of the Agreement of Limited Partnership of PWP VoteCo Professionals LP (as amended, modified, supplemented or amended and restated from time to time) (each such redemption, a “Qualified Redemption”); or (ii) exchanges of Class A Common Units in PWP Holdings LP (“Holdings Units”) pursuant to Article XIV of the Amended and Restated Agreement of Limited Partnership of PWP Holdings LP (as amended, modified, supplemented or amended and restated from time to time, the “Holdings LPA”) (each such exchange, a “Qualified Exchange”). The trading restrictions do apply, however, to subsequent sales of Firm common stock received upon a Qualified Exchange.

E.Other Similar Transactions. Any other purchase of Firm securities directly from the Firm or sales of Firm securities directly to the Firm may be exempted from the trading restrictions of this Policy with the approval of the General Counsel or the Firm’s Board of Directors.

Gifts of securities may include gifts to trusts for estate planning purposes, as well as donations to a charitable organization. Whether a gift of securities is a transaction that should be avoided while the person making the gift is aware of material nonpublic information or is subject to a blackout period may depend on various circumstances surrounding the gift. Accordingly, you are encouraged to consult the General Counsel when contemplating a gift, and you are required to obtain pre-clearance of the gift if you are subject to the trading restrictions specified in the Addendum.

A.Publicly Traded Options. You may not trade in options, warrants, puts and calls or similar instruments on Firm securities. Given the relatively short term of publicly traded options, transactions in options may create the appearance that a director, officer or other employee is trading based on material nonpublic information and focus a director’s, officer’s or other employee’s attention on short-term performance at the expense of the Firm’s long-term objectives.

B.Short Sales. You may not engage in short sales of Firm securities. A short sale has occurred if the seller (i) does not own the securities sold or (ii) does own the securities sold, but does not deliver them within 20 days or place them in the mail within 5 days of the sale. Short sales may reduce a seller’s incentive to seek to improve the Firm’s performance and often have the potential to signal to the market that the seller lacks confidence in the Firm’s prospects.

D.Hedging Transactions. You may not engage (directly or indirectly) in hedging transactions, or otherwise engage in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of Firm securities. Hedging transactions include (but are not limited to) collars, equity swaps, exchange funds and prepaid variable forward sale contracts. Hedging transactions may allow a director, officer or other employee to continue to own Firm securities, but without the full risks and rewards of ownership. This may lead to the director, officer or other employee no longer having the same objectives as the Firm’s other shareholders.

E.Standing and Limit Orders. You may not place standing or limit orders on Firm securities. Standing and limit orders create heightened risks for insider trading violations because there is no control over the timing of purchases or sales that result from standing instructions to a broker, and as a result, the broker could execute a transaction when a director, officer or other employee is in possession of material nonpublic information.

Notwithstanding the prohibition against insider trading, SEC Rule 10b5-1 provides an affirmative defense against insider trading liability under Rule 10b-5. A person subject to this Policy can rely on this defense and trade in Firm securities, regardless of their awareness of inside information, if the transaction occurs pursuant to a pre-arranged written trading plan (“Rule 10b5-1 Plan”) that was entered into when the person was not in possession of material nonpublic information and that complies with the requirements of Rule 10b5-1.

Anyone subject to this Policy who wishes to enter into a Rule 10b5-1 Plan must submit the Rule 10b5-1 Plan to the General Counsel for its approval at least five business days prior to the planned entry into the Rule 10b5-1 Plan. Rule 10b5-1 Plans may not be adopted by a person when he or she is in possession of material nonpublic information about the Firm or its securities and must comply with the requirements of Rule 10b5-1 (including specified waiting periods and limitations on multiple overlapping plans and single trade plans).

Once the Rule 10b5-1 Plan is adopted, you must not exercise any subsequent influence over the amount of securities to be traded, the price at which they are to be traded or the date of the trade. You may amend or replace a Rule 10b5-1 Plan only during periods when trading is permitted in accordance with this Policy, and you must submit any proposed amendment or replacement of a Rule 10b5-1 Plan to the Legal Department for approval prior to adoption. You must provide notice to the Legal Department prior to terminating a Rule 10b5-1 Plan. You should understand that frequent modifications or terminations of a Rule 10b5-1 Plan may call into question your good faith in entering into the plan (and therefore may jeopardize the availability of the affirmative defense against insider trading allegations).

you should not share it with anyone. To seek advice about what to do under those circumstances, you should contact the General Counsel. Consulting your colleagues may have the effect of exacerbating the problem, as containment of the information, until the legal implications of possessing it are determined, is critical.

Because of the technical nature of some aspects of the federal securities laws, all directors, officers and employees should review this material carefully and contact the Chief Compliance Officer or General Counsel if at any time (i) you have questions about this Policy or its application to a particular situation; or (ii) you plan to trade in the Firm’s securities, but are unsure as to whether the transaction might be in conflict with the securities laws and/or this Firm Policy.

This Policy, and the Addendum, continue to apply to transactions in Firm securities even after a person’s service with the Firm is terminated. If a person is in possession of material nonpublic information when his or her service terminates, that individual may not trade in Firm securities until that information has become public or is no longer material. Questions or concerns on whether any continuing nonpublic information remains material should be directed to the General Counsel. The pre-clearance procedures specified in the Addendum, however, will cease to apply to transactions in Firm securities upon the expiration of any blackout period or other Firm-imposed trading restrictions applicable at the time of the termination of service.

In the United States and many other countries, the personal consequences to you of illegal insider trading can be severe. In addition to injunctive relief, disgorgement and other ancillary remedies, U.S. law empowers the government to seek significant civil penalties against persons found liable of insider trading, including as tippers or tippees. The amount of a penalty could total three times the profits made or losses avoided. The maximum penalty may be assessed even against tippers for the profits made or losses avoided by all tippees, including remote tippees (i.e., others who may have been tipped by the tippee). Further, civil penalties of the

Criminal penalties may also be assessed for insider trading. Any person who “willfully” violates any provision of the Securities Exchange Act of 1934 (or rule promulgated thereunder) may be fined up to $5 million ($25 million for entities) and/or imprisoned for up to 20 years. Subject to applicable law, Firm employees who violate this Policy may also be subject to discipline by the Firm, up to and including termination of employment, even if the country or jurisdiction where the conduct took place does not regard it as illegal. Needless to say, a violation of law, or even a governmental or regulatory investigation that does not result in prosecution, can tarnish a person’s reputation and irreparably damage a career.

If you are located or engaged in dealings outside the U.S., be aware that laws regarding insider trading and similar offenses differ from country to country. Employees must abide by the laws in the country where located. However, you are required to comply with this Policy even if local law is less restrictive. If a local law conflicts with this Policy, you must consult the General Counsel.

This Addendum explains requirements and procedures, which apply to all directors and officers (collectively, “Section 16 Insiders”) subject to Section 16 of the Securities Exchange Act of 1934 (the “Exchange Act”), as well as certain designated employees of Perella Weinberg Partners (the “Firm”) who have access to material nonpublic information about the Firm, and is in addition to and supplements the Firm Insider Trading Policy (the “Policy”). The positions of the designated persons subject to this Addendum are listed on attached Schedule A (collectively, “Designated Insiders”). Firm management may from time to time designate other individuals who are subject to this Addendum and will amend Schedule A from time to time as necessary to reflect such changes or the resignation or change of status of any individual. Please note that this Addendum applies to all Firm securities which you hold or may acquire in the future.

This Addendum also applies to your spouse, minor children, adult family members sharing the same household and any other person or entity over whom you exercise influence or control over his, her or its securities trading decisions (collectively, “Related Insiders”).

All Designated Insiders and their Related Insiders are subject to the following blackout periods, during which they may not trade in the Firm’s securities (except by means of (i) pre-arranged Rule 10b5-1 Plans established in compliance with the Policy or (ii) a Qualified Redemption or a Qualified Exchange (each as defined in the Policy)).

Quarterly Blackout. Because the announcement of the Firm’s quarterly financial results will almost always have the potential to have a material effect on the market for the Firm’s securities, you may not trade in the Firm’s securities during the period beginning on the fifteenth calendar day of the last month of the quarter and ending after the second trading day following the public release of the Firm’s earnings for that quarter.

Interim Earnings Guidance Blackout. The Firm may on occasion issue interim earnings guidance or other potentially material information by means of a press release, SEC filing on Form 8-K or other means designed to achieve widespread dissemination of the information. You should anticipate that trading will be blacked out while the Firm is in the process of assembling the information to be released and until the information has been released and fully absorbed by the market.

event-specific blackout will not be announced. If, however, a person whose trades are subject to pre-clearance requests permission to trade in the Firm’s securities during an event-specific blackout, the General Counsel will inform the requesting person of the existence of a blackout period, without disclosing the reason for the blackout. Any person made aware of the existence of an event-specific blackout should not disclose the existence of the blackout to any other person.

Regulation BTR. Section 16 Insiders may also be subject to event-specific blackouts pursuant to the SEC’s Regulation Blackout Trading Restriction, which prohibits certain sales and other transfers by insiders during certain pension plan blackout periods.

NOTE: Even if a blackout period is not in effect, at no time may you trade in Firm securities if you are in possession of material nonpublic information about the Firm. The failure of the General Counsel to notify you of an event-specific blackout will not relieve you of the obligation not to trade while in possession of material nonpublic information.

Designated Insiders (and their Related Insiders) may not engage in any transaction involving the Firm’s securities (including the net exercise of stock options, gifts, loans, contributions to a trust or Managed Account or any other transfers that convey trading discretion with respect to the securities) without first obtaining pre-clearance of the transaction from the General Counsel or the Chief Compliance Officer.

Each proposed transaction will be evaluated to determine if it raises insider trading concerns or other concerns under federal laws and regulations. Any advice will relate solely to the restraints imposed by law and will not constitute advice regarding the investment aspects of any transaction. Clearance of a transaction must be re-requested if the transaction is not filled within two trading days of obtaining pre-clearance. If clearance is denied, the fact of such denial must be kept confidential by the person requesting such clearance.

When requesting pre-clearance, the requestor should carefully consider whether he or she may be aware of any material nonpublic information about the Firm, and should describe fully those circumstances to the General Counsel. Section 16 Insiders should also indicate whether they have effected any non-exempt “opposite-way” transactions within the past six months, and should be prepared to report the proposed transaction on an appropriate Form 4 or 5, if applicable. The requestor should also be prepared to comply with SEC Rule 144 and file Form 144, if advisable, at the time of any sale.

Notwithstanding the foregoing, pre-clearance is not required for any trades made pursuant to a pre-arranged Rule 10b5-1 Plan adopted in accordance with the requirements of the Firm’s Insider Trading Policy. Pre-clearance is also not required for the “Special Transactions” to which the Policy does not apply, subject to certain exceptions described in section VI of the Policy. If Firm securities are transferred to a Managed Account in compliance with this Policy, preclearance is not required for the manager of such account to trade Firm Securities. Section 16 Insiders are not permitted to trade Firm securities in a Managed Account.

Under Section 16(a) of the Exchange Act, directors and officers of the Firm, as well as beneficial owners of more than 10% of the outstanding shares of any class of voting Firm equity securities registered under Section 12 of the Exchange Act, must file forms with the U.S. Securities and Exchange Commission (the “SEC”) disclosing their direct and indirect pecuniary interest in most transactions involving the Firm’s equity securities. In this context, “equity securities” of the Firm include shares of the classes of equity securities created under the Firm’s governing documents, such as common stock, as well as any securities (regardless of whether issued by the Firm) that are exchangeable for or convertible into, or that derive their value from, an equity security of the Firm. These other securities are known as “derivative securities,” and include options, restricted share units, warrants, convertible securities and stock appreciation rights.

•Form 3, Initial Beneficial Ownership Statement. A person who becomes a director or officer of the Firm must file a Form 3 within 10 calendar days of becoming a director or officer, even if such person does not own any Firm equity securities at the time. The Form 3 must disclose such person’s position and ownership of any Firm equity securities as of immediately prior to assuming office.

•Form 4, Changes of Beneficial Ownership Statement. As long as a person remains a director or officer, and for up to six months after a person no longer holds such a position with the Firm, a Form 4 must be filed with the SEC before 10:00 p.m., Eastern, on the second business day following any transaction by that person, whether directly or indirectly, in Firm equity securities. There are exceptions to this requirement for acquisitions from gifts (but not dispositions by gifts) and a very limited class of employee benefit plan transactions.

A Form 5 need not be filed if all transactions otherwise reportable have been previously reported. If required, Form 5 must be filed within 45 days after the end of the Firm’s fiscal year (e.g., February 14) or the first business day thereafter. Common types of transactions reportable on Form 5 include acquisitions from gifts (but not dispositions by gifts) and certain acquisitions of less than $10,000 in any six-month period, either of which may be reported on a voluntary basis on any Form 4 filed before the Form 5 is due.

The reports described above must also reflect any indirect ownership by directors and officers, including all holdings and transactions by Related Insiders. This includes changes in ownership by immediate family members living in the director’s or officer’s household and any other person or entity over whom the individual exercises influence or control over his, her or its securities trading decisions. For this purpose, “immediate family” includes a spouse, children, stepchildren, grandchildren, parents, grandparents, stepparents and siblings, including in-laws and adoptive relationships.

Any questions concerning whether a particular transaction will necessitate filing of one of these Forms, or how or when they should be completed should be asked of the General Counsel, or, if you prefer, your individual legal counsel. The Firm must disclose in its Annual Report on Form 10-K and in its Proxy Statement any delinquent filings of Forms 3, 4 or 5 by directors and officers, and must post on its website, by the end of the business day after filing with the SEC, any Forms 3, 4 and 5 relating to the Firm’s securities.

Rule 16b-3 under the Exchange Act provides exemptions for director and officer reporting of certain employee benefit plan events on Forms 4 and 5, including certain routine transactions under tax-conditioned thrift, stock purchase and excess benefit plans.

A transaction that results only in a change in the form of a person’s beneficial ownership is also exempt from reporting. An exempt “change in the form of beneficial ownership” would include, for example, a distribution of benefit plan securities to an insider participant where the securities were previously attributable to the insider. Exercises or conversions of derivative securities would not, however, be considered mere changes in beneficial ownership and would be reportable.

The vesting of most stock options, restricted stock and stock appreciation rights is also not subject to the reporting requirements, although related share-withholding transactions, if any, would give rise to Form 4 reporting obligations.

In order to discourage directors and officers from profiting through short-term trading transactions in equity securities of the Firm, Section 16(b) of the Exchange Act requires that any “short-swing profits” be disgorged to the Firm. (This is in addition to the reporting requirements described above.)

“Short-swing profits” are the profits, whether real or notional, that result from any purchase and sale (or sale and purchase) of the Firm’s equity securities within a six-month period, unless there is an applicable exemption for either transaction. It is important to note that this rule applies to any matched transactions in the Firm’s securities (including derivative securities), not only a purchase and sale (or sale and purchase) of the same shares, or even of the same class of securities. Furthermore, pursuant to SEC rules, profit is determined so as to maximize the amount that the director or officer must disgorge, so that “short-swing profits” may exceed economic profits. In addition, the short-swing rules exempt, or permit the Firm’s board of directors or a qualifying committee to exempt, certain transactions between (a) a director or officer and (b) the Firm or certain benefit plans sponsored by the Firm.

You may not engage in short sales of Firm securities, as prohibited by the Policy and Section 16(c) of the Exchange Act. A short sale has occurred if the seller: (a) does not own the securities sold; or (b) does own the securities sold, but does not deliver them within 20 days or place them in the mail within 5 days of the sale. Short sales may reduce a seller’s incentive to seek to improve the Firm’s performance, and often have the potential to signal to the market that the seller lacks confidence in the Firm’s prospects.

The Securities Act requires that securities may be sold only pursuant to an effective registration statement or an exemption from the registration requirements. Directors and certain officers who are (or were within the prior 90 days) affiliates of the Firm and who wish to sell Firm securities may seek a “safe harbor” for their sales to establish an exemption from such registration requirements by complying with the conditions of Rule 144 applicable to affiliates. “Securities” under Rule 144 are broadly defined to include all securities, not just equity securities. The Rule 144 safe harbor is available not only to sales of common and preferred stock, but also to sales of bonds, debentures and any other form of security. Affiliates and others who seek to sell securities acquired directly from the Firm or a Firm affiliate in a series of transactions not involving any public offering may avail themselves of the safe harbor of Rule 144 by complying with the provisions applicable to resales of “restricted securities” (which apply, for affiliates, in addition to, and in conjunction with, the provisions of that Rule applicable to resales by affiliates).

•Current public information. There must be adequate current public information available regarding the Firm. This requirement is satisfied only if the Firm has filed all reports required by the Exchange Act during the 12 months preceding the sale, other than Form 8-K reports.

(iii)in a riskless principal transaction in which trades are executed at the same price, exclusive of any explicitly disclosed markup or markdown, commission equivalent or other fee, and where the transaction is permitted to be reported as riskless under the rules of a self-regulatory organization.

Furthermore, the broker may not solicit or arrange for the solicitation of customers to purchase the shares. In addition, your broker likely has its own Rule 144 procedures (and must be involved in transmitting Form 144 (see “Notice of proposed sale” below)), so it is important to speak with your broker prior to any sale.

In certain situations (e.g., securities acquired through stock dividends, splits, conversions or the net settlement of certain options), “tacking” is permitted, that is, the new securities will be deemed to have been acquired at the same time as the original securities.

For purposes of clarity and the avoidance of any doubt, this Section 5 does not apply to a Qualified Redemption or a Qualified Exchange. This Section 5 does apply, however, to subsequent sales of Firm common stock received upon a Qualified Exchange.

The seriousness of securities law violations is reflected in the penalties such violations carry. A director’s resignation may be sought, or an officer will be subject to possible Firm disciplinary action up to and including termination of employment. In addition, both the Firm itself and individual directors, officers or employees may be subjected to both criminal and civil liability. These violations may also create negative publicity for the Firm.

Because of the technical nature of some aspects of the federal securities laws, all directors and officers should review this material carefully and contact the General Counsel if at any time (i) you have questions about this Policy or its application to a particular situation; or (ii) you plan to trade in the Firm’s securities, but are unsure as to whether the transaction might be in conflict with the securities laws and/or this Firm Policy.

All directors, officers and other employees subject to the procedures set forth in this Addendum must acknowledge their understanding of, and intent to comply with, the Firm’s Insider Trading Policy and this Addendum on the form attached to this Addendum.