Sandra Hurse - Dec 15, 2022 Form 4 Insider Report for GCM Grosvenor Inc. (GCMG)

Role: Chief HR Officer
Signature: /s/ Burke Montgomery, Attorney-in-Fact for Michael J. Sacks
Stock symbol: GCMG
Transactions as of: Dec 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/16/2022, 03:08 PM
Previous filing: Aug 17, 2022
Next filing: Mar 3, 2023

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	GCMG	Restricted Stock Units	Award	$0	+69.5K		$0.00	69.5K	Dec 15, 2022	Class A Common Stock	69.5K		Direct	F1, F2
transaction	GCMG	Management Award Interests	Other	$0	+300K		$0.00	300K	Dec 15, 2022	Class A Common Stock	300K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock of the Issuer.
F2	Represents a grant of RSUs under the Issuer's 2020 Incentive Award Plan on December 15, 2022. The RSUs will vest in full on March 31, 2023, subject to the Reporting Person's continued service on the vesting date. Delivery of Class A Common Stock in settlement of vested RSUs will occur on the delivery date set forth in the applicable award agreement unless the Issuer elects to settle the RSUs in cash, or a combination of Class A Common Stock and cash, in the Issuer's sole discretion.
F3	GCM Grosvenor Management, LLC ("GCM Grosvenor Management") awarded the Reporting Person interests (the "Management Award Interests") in GCM Grosvenor Management that represent the contingent right to receive shares of the Issuer's Class A Common Stock owned by GCM Grosvenor Management on a one-for-one basis on May 1, 2025. 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 Management Holdings, LLLP.
F4	Represents the grant of Management Award Interests on December 15, 2022. The award will vest in full on May 1, 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 award vests.