Dava Ritchea - Jan 1, 2023 Form 4 Insider Report for Sculptor Capital Management, Inc. (SCU)

Role: Chief Financial Officer
Signature: /s/ Wayne N. Cohen, power of attorney for Dava Ritchea
Stock symbol: SCU
Transactions as of: Jan 1, 2023
Transactions value $: -$141,236
Form type: 4
Date filed: 1/4/2023, 05:11 PM
Previous filing: Nov 30, 2022
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCU	Class A Shares	Options Exercise	$0	+14.3K	+9.75%	$0.00	161K	Jan 1, 2023	Direct	F1, F2
transaction	SCU	Class A Shares	Disposed to Issuer	-$124K	-14.3K	-8.88%	$8.66	146K	Jan 1, 2023	Direct	F2
transaction	SCU	Class A Shares	Tax liability	-$17.7K	-2.05K	-1.4%	$8.66	144K	Jan 1, 2023	Direct	F3, F4, F5, F6

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	SCU	Class A Restricted Share Units	Options Exercise	$0	-14.3K	-33.34%	$0.00	28.5K	Jan 1, 2023	Class A Shares	14.3K		Direct	F2, F7

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

Explanation of Responses:

Id	Content
F1	The amount shown represents the vesting of the Class A Restricted Share Units held by the Reporting Person.
F2	Represents Class A Restricted Share Units settled in cash by the Issuer.
F3	Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of Class A Restricted Shares.
F4	Includes 103,500 of Class A Restricted Shares, which is subject to both a service condition, vesting 1/3 on each of December 17, 2024, December 17, 2025 and December 17, 2026 (the "Service Condition") and a performance condition, vesting when total shareholder return (based on the closing price on the New York Stock Exchange of a Class A Share of the Issuer, and dividends paid thereon, following the grant date) equals or exceeds the Performance Thresholds, as defined below, for a period of 60 calendar days (the "Performance Condition"). The Performance Thresholds are as follows: 1/3 of Class A Restricted Shares vest if a total shareholder return of 25% is achieved; an additional 1/3 of Class A Restricted Shares vest if a total shareholder return of 39% is achieved; and the final 1/3 of Class A Restricted Shares vest if a total shareholder return of 53% is achieved, in each case based on a reference price of $24 per Class A Share.
F5	If a Class A Restricted Share described in the footnote above has not satisfied the Performance Condition by the seventh anniversary of the grant date, it will be forfeited and canceled immediately.
F6	Includes 28,518 of Class A Restricted Shares granted on January 31, 2022. The remaining Class A Restricted Shares vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.
F7	The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2022. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.