Form 4: Newmark Repurchases Shares from Chairman Merkel

Newmark Group, Inc. repurchased 59,601 shares of Class A common stock from Chairman and CLO Stephen M. Merkel at $14.65 per share.

Summary

• Newmark Group, Inc. repurchased 59,601 shares of its Class A common stock from Stephen M. Merkel, who serves as Director, Chairman of the Board, and Chief Legal Officer (CLO).
• The transaction occurred on February 25, 2026, at a price of $14.65 per share, which was the closing price on the Nasdaq Global Select Market on that date.
• The repurchase was approved by the Company's Audit Committee and Compensation Committee under its stock buyback authorization.
• The transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
• Following this transaction, Stephen M. Merkel directly owns 0 shares of Class A Common Stock.
• Merkel indirectly holds 2,901 shares through various trusts for his immediate family and 11,506 shares in his 401(k) Plan as of January 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, factual report of a pre-planned insider transaction and company share repurchase. It does not inherently signal strong positive or negative sentiment without additional context on the company's overall buyback program or the executive's compensation structure.

Positives

• The company executed a share repurchase, which can be a signal of management's confidence in the company's valuation or a strategy to return capital to shareholders.
• The transaction was approved by both the Audit Committee and Compensation Committee, indicating proper corporate governance oversight.

Negatives

• The company utilized cash for the share repurchase, which reduces its cash reserves.
• Stephen M. Merkel significantly reduced his direct beneficial ownership in the company through this sale.

Future Outlook

No specific forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving company repurchases from executives, are often part of pre-arranged trading plans (Rule 10b5-1) or compensation agreements. While a sale reduces an insider's direct stake, the company's repurchase indicates a specific use of capital, potentially for share count reduction or as part of a broader buyback strategy.

Corporate Governance

Related Party Transactions

• Newmark Group, Inc. repurchased 59,601 shares of its Class A common stock from Stephen M. Merkel, who is a Director, Chairman of the Board, and CLO of the company. This constitutes a transaction between the company and a key executive/director.

Stakeholder Impact

• Shareholders: The repurchase reduces the number of outstanding shares, which could be marginally accretive to earnings per share, but also represents a cash outflow for the company.
• Stephen M. Merkel (Reporting Person): His direct beneficial ownership in the company has been reduced to zero, though he retains indirect ownership through trusts and a 401(k) plan.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned insider transaction involving a company share repurchase. It provides factual information about a specific event but lacks the broader financial or strategic context necessary to warrant a strong directional investment recommendation. Investors should consider this information as part of a wider analysis of the company's performance and strategy.

Keywords

Newmark Group, NMRK, Stephen M. Merkel, Share Repurchase, Insider Transaction, Form 4, Class A Common Stock, Corporate Governance, Stock Buyback