Rubenstein David M. 4

What Happened
David M. Rubenstein, a director of Carlyle Group Inc. (CG), disposed of a total of 600,000 shares on March 19, 2026. The primary transaction was an open-market sale of 500,000 shares at $46.68 per share, totaling $23,340,000. In addition, Rubenstein reported a gift of 100,000 shares (reported as $0), which the filing notes reflects a charitable donation. These were sales/gifts (not purchases), which are commonly routine liquidity or philanthropic actions rather than explicit bullish signals.

Key Details

• Transaction types: Open-market sale (S) and gift (G).
• Transaction date: 2026-03-19; Form 4 filed: 2026-03-20 (timely filing).
• Sale detail: 500,000 shares @ $46.68 = $23,340,000.
• Gift detail: 100,000 shares reported as disposed at $0 (Footnote F1: charitable donation).
• Shares owned after the transactions: not specified in the summary provided in this prompt (check the full Form 4 for post-transaction holdings).
• Notable footnote: F1 explicitly states the 100,000-share disposition was a charitable donation.
• No indication in the provided data of a 10b5-1 plan, tax withholding, or late filing.

Context
Gifts reported by insiders typically reflect philanthropy or estate planning and do not necessarily indicate the insider’s view of the stock. Large open-market sales by directors can be routine (liquidity, portfolio rebalancing, tax planning) and should be interpreted with caution; they are not the same signal as an insider purchase. For complete ownership details and any additional disclosures, review the full SEC Form 4 (Accession 0001543895-26-000002).