GCM Grosvenor (GCMG) director Stephen Malkin takes 5,082 RSUs instead of cash fees

Rhea-AI Filing Summary

Malkin Stephen reported acquisition or exercise transactions in this Form 4 filing.

GCM Grosvenor Inc. director Stephen Malkin received 5,082 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock. The RSUs were granted under the Amended and Restated 2020 Incentive Award Plan in lieu of quarterly cash compensation and are fully vested on the grant date. Settlement shares will be delivered upon separation from service, a change in control event, or his death or disability, bringing his direct holdings to 107,387 shares-linked units.

Insights

Equity compensation analyst

Routine RSU grant replaces cash fees with stock-based pay.

This filing shows director Stephen Malkin elected to receive 5,082 RSUs instead of quarterly cash compensation. Each RSU is tied to one share of Class A Common Stock, making this a non-cash, stock-based compensation event rather than a market trade.

The award is fully vested on the grant date, but settlement of actual shares is deferred until separation from service, a change in control event, death, or disability. This structure aligns director compensation with long-term company outcomes while delaying share delivery, so there is no immediate open-market buying or selling signal.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Malkin Stephen

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,082	$12.30	$63K

Holdings After Transaction: Restricted Stock Units — 107,387 shares (Direct, null)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock of the Issuer. This award of RSUs was granted pursuant to the Issuer's Amended and Restated 2020 Incentive Award Plan, in lieu of quarterly cash compensation at the election of the Reporting Person, and is fully vested as of the date of grant. Shares of Class A Common Stock in settlement of vested RSUs will be delivered upon the earliest to occur of the Reporting Person's "separation from service" from the Issuer, a "change in control event" of the Issuer or the Reporting Person's death or disability.

Key Figures

RSUs granted: 5,082 units Grant reference price: $12.30 per unit Holdings after grant: 107,387 shares/units +2 more

5 metrics

RSUs granted 5,082 units Restricted Stock Units granted on June 30, 2026

Grant reference price $12.30 per unit Transaction price per RSU as reported

Holdings after grant 107,387 shares/units Total direct holdings following the RSU award

Underlying shares 5,082 Class A shares Each RSU represents one Class A Common share

Exercise price $0.00 Conversion or exercise price for the RSUs

Key Terms

Restricted Stock Units, Amended and Restated 2020 Incentive Award Plan, separation from service, change in control event, +1 more

5 terms

Restricted Stock Units financial

"Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Amended and Restated 2020 Incentive Award Plan financial

"This award of RSUs was granted pursuant to the Issuer's Amended and Restated 2020 Incentive Award Plan"

separation from service financial

"shares will be delivered upon the earliest to occur of the Reporting Person's "separation from service" from the Issuer"

change in control event financial

"upon the earliest to occur of ... a "change in control event" of the Issuer"

Class A Common Stock financial

"Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:32 PM Accepted by SEC EDGAR 07/01/2026 - 04:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Malkin Stephen

(Last) (First) (Middle)

C/O GCM GROSVENOR INC.

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO ILLINOIS 60611

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GCM Grosvenor Inc. [ GCMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/30/2026		A		5,082		(2)	(2)	Class A Common Stock	5,082	$12.3	107,387	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock of the Issuer.

2. This award of RSUs was granted pursuant to the Issuer's Amended and Restated 2020 Incentive Award Plan, in lieu of quarterly cash compensation at the election of the Reporting Person, and is fully vested as of the date of grant. Shares of Class A Common Stock in settlement of vested RSUs will be delivered upon the earliest to occur of the Reporting Person's "separation from service" from the Issuer, a "change in control event" of the Issuer or the Reporting Person's death or disability.

Remarks:

	/s/ Burke Montgomery, Attorney-in-Fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GCM Grosvenor (GCMG) report for Stephen Malkin?

GCM Grosvenor reported that director Stephen Malkin received 5,082 Restricted Stock Units as a grant. These RSUs are tied to Class A Common Stock and were issued under the company’s Amended and Restated 2020 Incentive Award Plan as non-cash director compensation.

Is Stephen Malkin’s Form 4 transaction in GCM Grosvenor (GCMG) a stock purchase or sale?

The Form 4 reflects an acquisition of 5,082 RSUs as compensation, not an open-market stock purchase or sale. The grant is recorded with transaction code A, indicating a grant or award, with no concurrent market buying or selling activity disclosed.

How many GCM Grosvenor (GCMG) shares does Stephen Malkin hold after this RSU grant?

Following the RSU grant, Stephen Malkin’s total reported direct holdings linked to this award are 107,387 shares or share-equivalents. This figure includes the newly granted 5,082 RSUs tied to Class A Common Stock as reflected in the Form 4 transaction data.

Why did Stephen Malkin receive RSUs instead of cash at GCM Grosvenor (GCMG)?

The filing states the RSU award was granted in lieu of quarterly cash compensation, at Malkin’s election. This shifts his director fees into equity-based compensation under the Amended and Restated 2020 Incentive Award Plan, increasing alignment with shareholder interests through stock-linked value.

When will Stephen Malkin receive GCM Grosvenor (GCMG) shares for his RSUs?

Shares of Class A Common Stock underlying the vested RSUs will be delivered upon the earliest of his separation from service, a change in control event of the company, or his death or disability. Until then, the RSUs represent a deferred equity entitlement.

Are Stephen Malkin’s newly granted GCM Grosvenor (GCMG) RSUs already vested?

Yes. The RSU award is described as fully vested as of the grant date. Although vesting is immediate, the actual delivery of Class A Common Stock will occur later upon a qualifying event such as separation from service or a change in control.