Form 4: Newmark Group Executive Chairman Howard Lutnick Reports Share Transactions

Howard Lutnick, Executive Chairman of Newmark Group, reports transactions involving Class A Common Stock and exchangeable limited partnership interests.

Summary

• On February 18, 2025, Cantor Fitzgerald, L.P. (CFLP) exercised exchange rights for 7,782,387 exchangeable limited partnership interests in Newmark Holdings, L.P. at an exchange ratio of 0.9279 shares per interest.
• This resulted in 7,221,277 shares of Newmark Group, Inc. Class A common stock being issued.
• These shares were then delivered to certain current and former partners of CFLP to satisfy deferred stock distribution obligations.
• Howard Lutnick, as Executive Chairman, reported these transactions, including shares delivered directly to him and to entities he is associated with.
• The reporting person's indirect pecuniary interest in 7,614,682 shares of Class A Common Stock consists of shares held by CFGM, shares held in various trust, retirement and custodial accounts, shares held by LFA, shares held by KBCR, and shares held in the reporting person's 401(k) account.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of key company personnel.

Stakeholder Impact

• The transactions described may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the impact is likely minimal as the shares were distributed as part of existing obligations.

Key Dates