GCM Grosvenor (NASDAQ: GCMG) officer makes charitable gift of 1,600 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GCM Grosvenor Inc. Principal Accounting Officer Kathleen Patricia Sullivan reported a charitable gift of 1,600 shares of Class A common stock. The shares were transferred at a price of $0.00 per share as a bona fide gift. Following this donation, she directly holds 70,004 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,600 shares gifted
Mixed
1 txn
Insider
SULLIVAN KATHLEEN PATRICIA
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 1,600 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 70,004 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GCMG officer Kathleen Sullivan report?
Kathleen Patricia Sullivan reported a bona fide gift of 1,600 shares of GCM Grosvenor Class A common stock. The transfer was recorded at $0.00 per share and is described as a charitable donation, not an open-market sale or purchase.
What does transaction code G mean in the GCMG Form 4 filing?
Transaction code G in the Form 4 indicates a bona fide gift of securities. In this case, it represents a charitable donation of 1,600 GCM Grosvenor Class A shares, distinguishing the transfer from typical open-market sales or purchases.
Is the GCMG insider transaction described as a charitable donation?
Yes. A footnote explains the transaction “reflects charitable donation made by the Reporting Person.” This clarifies that the 1,600-share transfer is a bona fide gift, not a commercial sale, even though it reduces the officer’s directly held shares.