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  4. [Form 4] GCM Grosvenor Inc. Insider Trading Activity

Director Stephen Malkin takes 6,378 GCM Grosvenor (GCMG) RSUs instead of cash

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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

GCM Grosvenor Inc. director Stephen Malkin received a grant of 6,378 Restricted Stock Units (RSUs) tied to the company’s Class A Common Stock. The RSUs were awarded at a reference price of $9.80 per share as compensation in lieu of quarterly cash fees.

The award was granted under GCM Grosvenor’s Amended and Restated 2020 Incentive Award Plan and is fully vested on the grant date. Each RSU represents the right to receive one share of Class A Common Stock, to be delivered upon separation from service, a change in control event, or the director’s death or disability. Following this grant, Malkin directly holds 102,305 shares.

Positive

  • None.

Negative

  • None.
Insider Malkin Stephen
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 6,378 $9.80 $63K
Holdings After Transaction: Restricted Stock Units — 102,305 shares (Direct)
Footnotes (2)
  1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock of the Issuer.
  2. F2. 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.
RSUs granted 6,378 RSUs Restricted Stock Units granted on March 31, 2026
Reference grant price $9.80 per share RSU grant price for Class A Common Stock
Shares after transaction 102,305 shares Total direct holdings following RSU grant
Underlying shares per RSU 1 share per RSU Each RSU converts into one Class A Common share
Transaction type Grant, award, or other acquisition Form 4 code A, derivative-type RSU transaction
Ownership type Direct RSUs held directly by Stephen Malkin
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share"
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
"will be delivered upon the earliest to occur of the Reporting Person's "separation from service""
change in control event financial
"upon the earliest to occur of ... a "change in control event" of the Issuer"
Class A Common Stock financial
"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.

FAQ

What insider transaction did GCM Grosvenor (GCMG) director Stephen Malkin report?
Stephen Malkin reported receiving 6,378 Restricted Stock Units (RSUs) linked to GCM Grosvenor Class A Common Stock. The grant was made as director compensation instead of quarterly cash fees and is fully vested on the grant date, increasing his direct holdings to 102,305 shares.

How are Stephen Malkin’s new GCMG Restricted Stock Units structured?
Each of Stephen Malkin’s 6,378 RSUs represents the contingent right to receive one share of GCM Grosvenor Class A Common Stock. Although fully vested immediately, the shares will be delivered only upon separation from service, a qualifying change in control event, or his death or disability.

What was the reference price for Stephen Malkin’s RSU award at GCM Grosvenor (GCMG)?
The RSU award to Stephen Malkin used a reference price of $9.80 per share for the 6,378 units granted. This price reflects the per-share value applied for the grant under the company’s Amended and Restated 2020 Incentive Award Plan used for director equity compensation.

How many GCMG shares does Stephen Malkin hold after this RSU grant?
After receiving 6,378 Restricted Stock Units, Stephen Malkin’s direct holdings total 102,305 shares of GCM Grosvenor Class A Common Stock. These holdings reflect his position following the award reported, with future share delivery tied to specific events like separation from service or change in control.

Why did Stephen Malkin receive RSUs instead of cash compensation at GCM Grosvenor (GCMG)?
Stephen Malkin elected to receive Restricted Stock Units in lieu of quarterly cash compensation as a director. The RSUs were granted under GCM Grosvenor’s Amended and Restated 2020 Incentive Award Plan, immediately vested, and align his compensation more directly with the company’s equity performance over time.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)03/31/2026A6,378 (2) (2)Class A Common Stock6,378$9.8102,305D
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-Fact04/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR