Labor Impact Fund, L.P. 4

What Happened

• GCM Grosvenor Inc., reported as a director designee, converted/exercised 10,924 derivative awards (restricted stock units) into common shares on 2026-02-18 (transaction code M) and immediately disposed of 10,924 shares to the issuer for $0 (transaction code D). The filing reports no cash proceeds from the disposition.
• The underlying awards are restricted stock units (each RSU equals one share) granted in connection with director service; footnotes state these awards were made to director James DiMola and are held/transferred at the direction of LIF Vista and affiliated reporting entities.

Key Details

• Transaction dates: 2026-02-18 (exercise/conversion and disposition); Form 4 filed 2026-02-19 (timely).
• Quantity: 10,924 shares converted and 10,924 shares disposed to issuer; reported price for the disposition: $0.00; no dollar amount received reported.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: multiple affiliated entities filed jointly and disclaim beneficial ownership except for pecuniary interest (see F1, F3–F4). The awards were tied to James DiMola serving as the board designee and were transferred/held for LIF Vista or affiliates upon vesting.
• Transaction codes: M = exercise/conversion of a derivative; D = disposition to the issuer.

Context

• This was a derivative conversion of RSUs followed by an immediate disposition to the issuer. Such immediate dispositions can reflect transfer arrangements, withholding, or internal handling of vested awards; the filing does not specify the reason.
• The reporting group is an institutional/affiliate reporting arrangement (not a typical individual executive sale), and the parties expressly disclaim beneficial ownership except for any pecuniary interest. There is no indication of personal cash proceeds or an open-market sale.