Cantor affiliates trim GCM Grosvenor stake below 10%

Cantor Fitzgerald-affiliated entities CF Finance Holdings LLC and CF GCM Investor, LLC sold a combined 557,106 shares of GCM Grosvenor Inc. Class A common stock on July 15–16, 2026, in open-market transactions at weighted-average prices around $13.57–$14.24.

Rhea-AI Filing Summary

Cantor Fitzgerald-affiliated entities CF Finance Holdings LLC and CF GCM Investor, LLC sold a combined 557,106 shares of GCM Grosvenor Inc. Class A common stock on July 15–16, 2026, in open-market transactions at weighted-average prices around $13.57–$14.24. These sales reduced their holdings below 10% of outstanding Class A shares, leaving 2,947,535 shares at CF Finance Holdings and 2,946,894 shares at CF GCM Investor, and ended their status as GCMG reporting persons.

Insider Trade Summary

Net Seller: 557,106 shares

Net Sell 3 txns

Insider CANTOR FITZGERALD, L. P., CF Finance Holdings LLC, CF GCM Investor, LLC, CF GROUP MANAGEMENT INC, Lutnick Brandon

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 557,106 shs ($7.60M)

Type	Security	Shares	Price	Value
Sale	Class A common stock F1, F2, F3, F6	426,550	$13.57	$5.79M
Sale	Class A common stock F1, F2, F3, F4	126,556	$13.83	$1.75M
Sale	Class A common stock F1, F2, F3, F5	4,000	$14.24	$57K

Holdings After Transaction: Class A common stock — 5,894,429 shares (Indirect, See Footnotes)

Footnotes (6)

1. F1. As a result of the sales reported herein, the Reporting Persons no longer own 10% or more of GCM Grosvenor, Inc. ("GCMG")'s outstanding Class A common stock. The Reporting Persons are filing this Form 4 to report that they are no longer Reporting Persons of GCMG.
2. F2. Prior to the transactions reported herein, CF Finance Holdings, LLC ("Holdings") was the record holder of 2,951,535 shares of Class A common stock of GCMG and CF GCM Investor, LLC ("Investor") was the record owner of 3,500,000 shares of Class A common stock of GCMG. After the consummation of the transactions reported herein, Holdings is the record owner of 2,947,535 shares of Class A common stock of GCMG and Investor is the record owner of 2,946,894 shares of Class A common stock of GCMG.
3. F3. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of each of Holdings and Investor. CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP. Mr. Brandon Lutnick is the Chairman and Chief Executive Officer of CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As such, each of CFLP, CFGM and Mr. Brandon Lutnick may be deemed to have beneficial ownership of the securities directly held by Holdings and Investor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
4. F4. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $13.75 to $14.25.
5. F5. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $14.20 to $14.27.
6. F6. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $13.50 to $13.65.

Key Figures

Total shares sold: 557,106 shares Sale on 2026-07-16: 426,550 shares at $13.57 per share Sale on 2026-07-15 (block 1): 126,556 shares at $13.83 per share +4 more

7 metrics

Total shares sold 557,106 shares Aggregate insider sales of Class A common stock on July 15–16, 2026

Sale on 2026-07-16 426,550 shares at $13.57 per share Indirect sale of Class A common stock at weighted-average price; price range $13.50–$13.65

Sale on 2026-07-15 (block 1) 126,556 shares at $13.83 per share Indirect sale at weighted-average price; price range $13.75–$14.25

Sale on 2026-07-15 (block 2) 4,000 shares at $14.24 per share Indirect sale at weighted-average price; price range $14.20–$14.27

Holdings after sales – CF Finance Holdings LLC 2,947,535 shares Class A common stock of GCM Grosvenor held of record after transactions

Holdings after sales – CF GCM Investor, LLC 2,946,894 shares Class A common stock of GCM Grosvenor held of record after transactions

Combined holdings after sales 5,894,429 shares Total Class A common stock held by CF Finance Holdings and CF GCM Investor

Key Terms

beneficial ownership, pecuniary interest, weighted average price, outstanding Class A common stock

4 terms

beneficial ownership financial

"may be deemed to have beneficial ownership of the securities directly held"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest"

weighted average price financial

"Price reflects the weighted average price for the transactions reported in this line"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

outstanding Class A common stock financial

"no longer own 10% or more of GCM Grosvenor’s outstanding Class A common stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Cantor-affiliated holders report in GCMG stock?

CF Finance Holdings LLC and CF GCM Investor, LLC reported selling a combined 557,106 shares of GCM Grosvenor Class A common stock in open-market transactions on July 15–16, 2026, at weighted-average prices between $13.50 and $14.27, according to the Form 4 filing.

How many GCMG shares did the Cantor affiliates sell on July 15–16, 2026?

They sold 557,106 shares of GCM Grosvenor Class A common stock. Transactions included 126,556 shares at a weighted-average $13.83, 4,000 shares at $14.24 on July 15, and 426,550 shares at a weighted-average $13.57 on July 16.

What is the remaining GCMG stake of the Cantor-affiliated entities after these sales?

After the reported sales, CF Finance Holdings LLC holds 2,947,535 shares and CF GCM Investor, LLC holds 2,946,894 shares of GCM Grosvenor Class A stock, for combined holdings of 5,894,429 shares, all reported as indirectly owned through Cantor-related entities.

Are the Cantor-affiliated holders still ten percent owners of GCMG?

No. The filing states that, as a result of these sales, the reporting persons no longer own 10% or more of GCM Grosvenor’s outstanding Class A common stock and are therefore no longer considered reporting persons with ten percent owner status.

Were the GCMG insider sales made under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as an affirmative plan election, and the footnotes do not describe these transactions as being executed pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.

Who is considered to have beneficial ownership of the sold GCMG shares?

Cantor Fitzgerald, L.P., CF Group Management, Inc., and Brandon Lutnick may be deemed to have beneficial ownership through CF Finance Holdings and CF GCM Investor, but each disclaims beneficial ownership beyond any pecuniary interest in those securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/17/2026 - 04:02 PM Accepted by SEC EDGAR 07/17/2026 - 04:01 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

X

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^*

CANTOR FITZGERALD, L. P.

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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

	Form filed by One Reporting Person
X	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
Class A common stock	07/15/2026		S		126,556	D	$13.83	6,324,979	I	See Footnotes(1)(2)(3)(4)
Class A common stock	07/15/2026		S		4,000	D	$14.24	6,320,979	I	See Footnotes(1)(2)(3)(5)
Class A common stock	07/16/2026		S		426,550	D	$13.57	5,894,429	I	See Footnotes(1)(2)(3)(6)

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

1. Name and Address of Reporting Person^*

CANTOR FITZGERALD, L. P.

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CF Finance Holdings LLC

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CF GCM Investor, LLC

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

CF GROUP MANAGEMENT INC

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Lutnick Brandon

(Last) (First) (Middle)

110 EAST 59TH STREET

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. As a result of the sales reported herein, the Reporting Persons no longer own 10% or more of GCM Grosvenor, Inc. ("GCMG")'s outstanding Class A common stock. The Reporting Persons are filing this Form 4 to report that they are no longer Reporting Persons of GCMG.

2. Prior to the transactions reported herein, CF Finance Holdings, LLC ("Holdings") was the record holder of 2,951,535 shares of Class A common stock of GCMG and CF GCM Investor, LLC ("Investor") was the record owner of 3,500,000 shares of Class A common stock of GCMG. After the consummation of the transactions reported herein, Holdings is the record owner of 2,947,535 shares of Class A common stock of GCMG and Investor is the record owner of 2,946,894 shares of Class A common stock of GCMG.

3. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of each of Holdings and Investor. CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP. Mr. Brandon Lutnick is the Chairman and Chief Executive Officer of CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As such, each of CFLP, CFGM and Mr. Brandon Lutnick may be deemed to have beneficial ownership of the securities directly held by Holdings and Investor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

4. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $13.75 to $14.25.

5. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $14.20 to $14.27.

6. Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $13.50 to $13.65.

	/s/ Brandon G. Lutnick	07/17/2026
	/s/ Brandon G. Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P.	07/17/2026
	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Finance Holdings, LLC	07/17/2026
	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF GCM Investor, LLC	07/17/2026
	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Group Management Inc.	07/17/2026
	** 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)