Labor Impact Fund, L.P. 4

What Happened

• GCM Grosvenor Inc., reported as a director-related reporting person (via its director designee), received an award of 5,376 restricted stock units (RSUs) in Shenandoah Telecommunications Co. on 2026-06-08. The award was reported as an acquisition (A) at $0.00 per unit; each RSU represents a contingent right to one share upon vesting. This is an equity award (not a cash purchase or sale).

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (no late filing flag indicated).
• Amount: 5,376 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes: the Form 4 is filed jointly by multiple related entities (LIF Vista, Labor Fund, GCM entities and Michael J. Sacks) who disclaim beneficial ownership except for pecuniary interest (F1–F2). Each RSU converts to one common share if/when vested (F3). The award was granted to Matthew Rinklin as the issuer board designee and will be held or transferred for the benefit of LIF Vista/affiliates as directed (F4). A prior grant to a different designee was cancelled earlier in February (F5).
• Filing timeliness: transaction on 6/8 reported on 6/10 — appears timely under Section 16 reporting rules.

Context

• This is an award of derivative securities (RSUs) rather than a market purchase or sale; such grants are routine compensation or director-related awards and do not necessarily signal immediate buying or selling. The filing reflects institutional/affiliate interests and deputized board representation rather than an individual executive’s personal trade.