Cantor Fitzgerald, L. P. - Nov 17, 2025 Form 4 Insider Report for GCM Grosvenor Inc. (GMCG)

Role: 10%+ Owner
Signature: /s/ Brandon G. Lutnick
Stock symbol: GMCG
Transactions as of: Nov 17, 2025
Transactions value $: -$334
Form type: 4
Date filed: 11/18/2025, 09:16 PM
Previous filing: Oct 6, 2025
Next filing: Nov 19, 2025
SEC: View on sec.gov

Reporting Owners (5)

Name	Relationship	Address	Signature	Signature date	CIK
CANTOR FITZGERALD, L. P.	10%+ Owner	110 EAST 59TH STREET, NEW YORK	/s/ Brandon G. Lutnick	2025-11-18	0001024896
CF Finance Holdings LLC	10%+ Owner	110 EAST 59TH STREET, NEW YORK	/s/ Brandon G. Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P.	2025-11-18	0001761061
CF GCM Investor, LLC	10%+ Owner	110 EAST 59TH STREET, NEW YORK	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Finance Holdings, LLC	2025-11-18	0001834206
CF GROUP MANAGEMENT INC	10%+ Owner	110 EAST 59TH STREET, NEW YORK	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF GCM Investor, LLC	2025-11-18	0001251145
Lutnick Brandon	10%+ Owner	110 EAST 59TH STREET, NEW YORK	/s/ Brandon G. Lutnick, as Chief Executive Officer of CF Group Management Inc.	2025-11-18	0002048880

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GMCG	Class A common stock						6.45M	Nov 17, 2025	See Footnotes	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GMCG	Warrants	Sale	-$334	-33.4K	-1.85%	$0.01^*	1.77M	Nov 17, 2025	Class A common stock	33.4K	$11.50	See Footnotes	F2
transaction	GMCG	Warrants	Other		-1.77M	-100%		0	Nov 17, 2025	Class A common stock	1.77M	$11.50	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 17, 2025, CF Finance Holdings, LLC ("Holdings") sold 33,358 warrants in GCM Grosvenor, Inc. ("GCMG") at an average price of $0.01 per warrant and the remaining 1,766,642 warrants held by Holdings and CF GCM Investor, LLC ("Investor") expired.
F2	Holdings owns 2,951,535 shares of Class A common stock of GCMG and Investor owns 3,500,000 shares of Class A common stock of GCMG. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of each of Holdings and Investor. CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP. Mr. Lutnick is the Chairman and Chief Executive Officer of CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As such, each of CFLP, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by Holdings and Investor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Content

On November 17, 2025, CF Finance Holdings, LLC ("Holdings") sold 33,358 warrants in GCM Grosvenor, Inc. ("GCMG") at an average price of $0.01 per warrant and the remaining 1,766,642 warrants held by Holdings and CF GCM Investor, LLC ("Investor") expired.

Holdings owns 2,951,535 shares of Class A common stock of GCMG and Investor owns 3,500,000 shares of Class A common stock of GCMG. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of each of Holdings and Investor. CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP. Mr. Lutnick is the Chairman and Chief Executive Officer of CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As such, each of CFLP, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by Holdings and Investor. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.