Cantor Fitzgerald, L. P. - Jul 2, 2023 Form 4 Insider Report for BGC Group, Inc. (BGC)

Role
Director
Signature
/s/ Howard W. Lutnick, Chairman and Chief Executive Officer
Stock symbol
BGC
Transactions as of
Jul 2, 2023
Transactions value $
$0
Form type
4
Date filed
7/3/2023, 05:19 PM
Previous filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGC Class B Common Stock, par value $0.01 per share Other -15.8M -14.44% 93.3M Jul 2, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 2, 2023, Cantor Fitzgerald, L.P. ("CFLP") authorized the distribution of an aggregate of 15,756,625 shares of BGC Group, Inc. Class B common stock, par value $0.01 per share ("Class B Common Stock"), in satisfaction of its deferred share distribution obligations pursuant to distribution rights provided to certain current and former partners of CFLP on April 1, 2008 and February 14, 2012. 15,350,824 of such shares will remain Class B Common Stock in the hands of the recipient, and 405,801 of such shares will convert into an equivalent number of shares of BGC Group, Inc. Class A common stock, par value $0.01 per share ("Class A Common Stock"), in the hands of the recipient pursuant to the terms of the BGC Group, Inc. Amended and Restated Certificate of Incorporation.
F2 The shares of Class B Common Stock are convertible at any time on a one-for-one basis (subject to adjustment) into shares of Class A Common Stock.