CG insider ownership: who sold, why, and what they still hold

What stands out

David Rubenstein sold $75.8M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Dec 10, 2025

Tax withholding outweighed market sales: the company withheld $98.1M of officers' and directors' shares for taxes, against $75.8M sold on the open market. The largest was Harvey Schwartz ($59.5M withheld).Largest withholding, Feb 1, 2026

A share of stake is shown for 0 of the 1 officer or director who sold. 20 are left out

Left out: David Rubenstein, William Conway Jr., Harvey Schwartz, John Redett, Jeffrey Ferguson, Lindsay LoBue, James Hance Jr., Mark Jenkins, Jeffrey Nedelman, Justin Plouffe, Charles Andrews Jr., Lawton Fitt, William Shaw, Anthony Welters, Derica Rice, Mark Ordan, Linda Filler, Sharda Cherwoo, Afsaneh Beschloss and Kate Heinzelman (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

David Rubenstein

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$75.8MNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 11, 2026David Rubenstein sold 400K shares ($17.1M) with no plan disclosed.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
David Rubenstein Director	400,000	$42.74	n/a	n/a	Sep 11, 2026	Sep 11, 2026

Common questions

Is the Carlyle Group Inc. CEO selling stock?

No. Harvey Schwartz reported no open-market sales in the past 12 months.

Why are Carlyle Group Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Carlyle Group Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold1 officer or director: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
David Rubenstein Director	$75.8M 1.52M shares	Not confirmed share of stake is being verified. Why	No plan disclosed

The full ownership picture0 of 20 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider	Held Oct 13, 2025	Sold	Held Oct 13, 2026	Still held
David Rubenstein ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Rubenstein are complete. Director	n/a	−1.52M	n/a	n/a
Vesting, gifts, unvested awards and holding lines for David Rubenstein Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Rubenstein are complete; balances and unit counts will be added when the check is finished. −825Kgifted (net of own trusts)
William Conway Jr. ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Conway Jr. are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for William Conway Jr. Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Conway Jr. are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Harvey Schwartz ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Harvey Schwartz are complete. Chief Executive Officer, Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Harvey Schwartz Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Harvey Schwartz are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −1.02Mwithheld by the company for taxes
John Redett ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Redett are complete. Co-President	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for John Redett Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Redett are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −214Kwithheld by the company for taxes
Jeffrey Ferguson ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Ferguson are complete. General Counsel	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Ferguson Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Ferguson are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −1.4Kwithheld by the company for taxes
Lindsay LoBue ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lindsay LoBue are complete. Chief Operating Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Lindsay LoBue Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lindsay LoBue are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −95Kwithheld by the company for taxes
James Hance Jr. ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for James Hance Jr. are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for James Hance Jr. Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for James Hance Jr. are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Mark Jenkins ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Jenkins are complete. Co-President	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Mark Jenkins Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Jenkins are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −177Kwithheld by the company for taxes
Jeffrey Nedelman ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Nedelman are complete. Co-President	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Nedelman Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Nedelman are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −142Kwithheld by the company for taxes
Justin Plouffe ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Justin Plouffe are complete. Chief Financial Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Justin Plouffe Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Justin Plouffe are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −112Kwithheld by the company for taxes
Charles Andrews Jr. ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Charles Andrews Jr. are complete. Chief Accounting Officer	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Charles Andrews Jr. Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Charles Andrews Jr. are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts) −20Kwithheld by the company for taxes
Lawton Fitt ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lawton Fitt are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Lawton Fitt Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lawton Fitt are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
William Shaw ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Shaw are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for William Shaw Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Shaw are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Anthony Welters ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Anthony Welters are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Anthony Welters Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anthony Welters are complete; balances and unit counts will be added when the check is finished. −13Kgifted (net of own trusts)
Derica Rice ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Derica Rice are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Derica Rice Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Derica Rice are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Mark Ordan ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Mark Ordan are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Mark Ordan Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Mark Ordan are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Linda Filler ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Linda Filler are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Linda Filler Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Linda Filler are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Sharda Cherwoo ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sharda Cherwoo are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Sharda Cherwoo Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sharda Cherwoo are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Afsaneh Beschloss ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Afsaneh Beschloss are complete. Director	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Afsaneh Beschloss Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Afsaneh Beschloss are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)
Kate Heinzelman ! Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kate Heinzelman are complete. General Counsel	n/a	0	n/a	n/a
Vesting, gifts, unvested awards and holding lines for Kate Heinzelman Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kate Heinzelman are complete; balances and unit counts will be added when the check is finished. 0gifted (net of own trusts)

Holdings and share of stake for Carlyle Group Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$75.8M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $75.8M across 1,525,000 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $75.8M

Sales with no 10b5-1 plan and no tax reference in the filing. $75.8M of it is David Rubenstein. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Rubenstein, Dec 10, 2025

Taxes

1,785,129 shares ($98.1M) were withheld by the company for taxes, which isn't a market sale.

Charitable gifts · 838K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
David Rubenstein Director	1.52M	$75.8M	0%	100%	Dec 10, 2025 to Sep 11, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$35.3M	$0	$0	$35.3M
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$23.3M	$0	$0	$23.3M
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$17.1M	$0	$0	$17.1M
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 1 insider sold; the average is 5 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 13, 2026 Latest 12 months	1.52M	1	$75.8M
Oct 13, 2025 1 year earlier	1.05M	2	$57.9M
Oct 13, 2024 2 years earlier	295K	1	$12.3M
Oct 14, 2023 3 years earlier	195K	5	$6.7M
Oct 14, 2022 4 years earlier	6.34M	9	$321M
Oct 14, 2021 5 years earlier	24.30M	9	$1.00B

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty20 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Carlyle Group Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology455 filings on record, 72 filed in the 12-month period, and how we read them

All 455 Forms 3, 4 and 5 on record for Carlyle Group Inc. (SEC CIK 1527166), filed from May 3, 2012 to Sep 11, 2026; 72 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages. 270 filings were left out because Carlyle Group Inc. filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (19)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Daniel D'Aniello	Nov 14, 2024	32,806,816 shares, last reported balance as of Nov 12, 2024
Carlyle Group Management L.L.C.	Jul 12, 2024	No balance on record
Christopher Finn	May 23, 2024	2,823,604 shares, last reported balance as of May 21, 2024
Curtis Buser	Aug 3, 2023	1,751,744 shares, last reported balance as of Aug 2, 2023
Bruce Larson	Aug 3, 2023	403,069 shares, last reported balance as of Aug 2, 2023
Thomas Robertson	May 3, 2023	75,938 shares, last reported balance as of May 1, 2023
Peter Clare	Feb 9, 2023	6,067,614 shares, last reported balance as of Feb 7, 2023
Kewsong Lee	May 2, 2022	6,747,531 shares, last reported balance as of May 1, 2022
Janet Hill	May 3, 2021	104,464 shares, last reported balance as of May 1, 2021
Pamela Bentley	Sep 11, 2020	93,972 shares, last reported balance as of Sep 9, 2020
Glenn Youngkin	Aug 5, 2020	10,649,312 shares, last reported balance as of Aug 3, 2020
Edward Mathias	Nov 21, 2017	586,442 shares, last reported balance as of Nov 20, 2017
Jay Fishman	May 5, 2015	19,246 shares, last reported balance as of May 1, 2015
Michael Cavanagh	May 5, 2015	935,012 shares, last reported balance as of May 1, 2015
Adena Friedman	Feb 3, 2014	768,515 shares, last reported balance as of Feb 1, 2014
Jacques Chappuis	Aug 7, 2013	347,102 shares, last reported balance as of Aug 6, 2013
Michael Arpey	Mar 14, 2013	859,224 shares, last reported balance as of Mar 14, 2013
David Marchick	Mar 14, 2013	762,965 shares, last reported balance as of Mar 14, 2013
Michael Petrick	Mar 14, 2013	2,716,426 shares, last reported balance as of Mar 14, 2013

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