Chairman of Global Macro Trust's Managing Owner Sells Units
The transaction, reported under a routine regulatory disclosure, reflects indirect ownership changes within a 401(k) and profit-sharing structure.
December 24, 2025
Harvey Beker Divests Trust Units from Retirement Plan Account
On December 1, 2025, Harvey Beker—Chairman of Millburn Ridgefield LLC, the managing owner of Global Macro Trust—executed a sale of 139.47 units in the trust. These units were held through his 401(k) and profit-sharing plan, with the transaction priced at $1,000 per unit.
This activity was disclosed through a standard SEC Form 4, which tracks changes in beneficial ownership for company insiders. The form categorizes the transaction as a direct sale, reflecting a reduction in Beker’s indirect holdings in the trust. His role at Millburn Ridgefield remains unchanged.
The filing is specific: these were non-derivative securities, sold through a qualified retirement plan, and the ownership structure was clearly noted as indirect. The disclosure also indicates that the transaction wasn’t made under a 10b5-1 plan, though that option was listed in the form for reference.
Nothing else changed in Beker’s reported positions—there were no derivative holdings involved, no amendments to prior filings, and no mention of other transactions. This is a routine update, but one that underscores how even indirect activity—like movements inside retirement accounts—gets captured under SEC requirements.
For those tracking insider movements, this filing is straightforward. It reflects a clean transaction, properly recorded, and helps maintain visibility into how ownership evolves for key figures associated with the trust.
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