Bentley Pamela L 4

What Happened
Pamela L. Bentley, Chief Financial Officer of GCM Grosvenor Inc. (GCMG), had restricted stock units (RSUs) vest and convert to common shares on April 15, 2026. The filing reports 26,568 shares were acquired on conversion (code M). To satisfy tax withholding obligations, 29,981 shares were withheld/used by the issuer at $10.88 per share, a withholding value of $326,193 (reported as code F). A related derivative entry for 26,568 shares at $0.00 reflects the termination/conversion of the RSUs.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
• Acquired on conversion (M): 26,568 shares (no cash exercise price reported).
• Withheld for taxes (F): 29,981 shares at $10.88 = $326,193. This withholding is not an open‑market sale.
• Derivative disposition: 26,568 shares reported as disposed at $0.00 — reflects RSU conversion/settlement.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: RSUs were granted Jan 15, 2026, vested in full Apr 15, 2026 and settled the same day; each RSU equals one share; withholding was for tax obligations and not an open‑market sale.

Context
This is a routine RSU vesting and net‑settlement for taxes — not a market sale by the insider. Code M indicates conversion/exercise of a derivative (here RSUs converting to shares); code F indicates shares withheld to satisfy tax liabilities. Such net settlements are common when awards vest and do not by themselves indicate a buy/sell trading signal.