SULLIVAN KATHLEEN PATRICIA 4

What Happened

• Kathleen Patricia Sullivan, Principal Accounting Officer of GCM Grosvenor (GCMG), had RSU activity reported on 2026-03-01. The filing shows conversion/exercise of 13,409 derivative units (M) and a simultaneous disposition of 13,409 derivative shares at $0 (no cash proceeds), and a new grant/award of 30,435 RSUs (A) at $0.
• The reported transactions involve restricted stock units (RSUs) rather than open‑market purchases or ordinary‑course sales. No cash changed hands in the reported disposition(s); total reported proceeds are $0.

Key Details

• Transaction date(s): March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Reported items:
  • 13,409 — exercise/conversion of derivative (M) (acquired) — price N/A
  • 13,409 — exercise/conversion of derivative (M) (disposed) — $0 (derivative)
  • 30,435 — grant/award of RSUs (A) — $0 (derivative)
• Footnotes from the filing:
  • F1: Each RSU equals the contingent right to one Class A share.
  • F2: The 13,409 RSUs stem from a Nov 15, 2025 grant that vested in full on Mar 1, 2026; delivery of shares may occur on the award delivery date or the issuer may elect cash or mixed settlement.
  • F3: The 30,435 RSU grant was made on Mar 1, 2026 and vests in three equal installments on May 15, 2027 / 2028 / 2029, subject to continued service.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• These entries reflect RSU vesting/settlement and a new RSU grant, not an open‑market buy or sale. The equal acquired/disposed 13,409 entries at zero cash are consistent with RSU settlement mechanics (for example, shares converted and an equal number withheld/retired for taxes), but the Form 4 footnotes simply describe vesting and delivery/settlement terms—no cash sale is reported.
• For retail investors: awards and vesting are common compensation events and do not necessarily indicate the insider is buying or selling based on company outlook.