Key facts
- This page summarizes Michael Jay Sacks's Form 4 filing for GCM Grosvenor Inc. (GCMG).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 16 Dec 2022, 15:05.
Michael Jay Sacks - 15 Dec 2022 Form 4 Insider Report for GCM Grosvenor Inc. (GCMG)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- GCMG
- Reported as of
- 15 Dec 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 16 Dec 2022, 15:05:45 UTC
- Next SEC filing
- 04 Oct 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Burke Montgomery, Attorney-in-Fact for Michael J. Sacks
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael Jay Sacks filed Form 4 for GCM Grosvenor Inc. (GCMG) on 16 Dec 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GCMG
transaction
Derivative
Management Award Interests (Obligation to transfer)
Other
- Transaction value
- $0
- Shares
- -6,580,000
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 6,580,000
- Date
- 15 Dec 2022
- Ownership
- See footnotes
- Underlying class
- Class A Common Stock
- Underlying amount
- 6,580,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
GCM Grosvenor Management, LLC ("GCM Grosvenor Management") awarded interests (the "Management Award Interests") in GCM Grosvenor Management that represent the contingent obligation to transfer rights to shares of the Issuer's Class A Common Stock owned by GCM Grosvenor Management on a one-for-one basis to employees of the Issuer or its affiliates beginning in 2025. The Reporting Person is the ultimate managing member GCM Grosvenor Management. The Management Award Interests represent an obligation of GCM Grosvenor Management and do not constitute any new share issuance or obligation of the Issuer. GCM Grosvenor Management is obligated to transfer Class A Common Stock it owns, and therefore the vesting of Management Award Interests will not dilute the Issuer's Class A Common Stockholders relative to noncontrolling interests in Grosvenor Capital Managment Holdings, LLLP.
Footnote F2
Represents the disposition of Management Award Interests on December 15, 2022. The Management Award Interests will begin to vest in 2025. Delivery of shares of Class A Common Stock owned by GCM Grosvenor Management in settlement of vested Management Award Interests will occur in the year in which the awards vest.
Footnote F3
Represents securities held directly by GCM Grosvenor Management. The Reporting Person is the ultimate managing member GCM Grosvenor Management.