Michael J. Rispoli - Jun 28, 2021 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Role: Chief Financial Officer
Signature: /s/ Michael J. Rispoli
Stock symbol: NMRK
Transactions as of: Jun 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/30/2021, 05:21 PM
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NMRK	Class A common stock, par value $0.01 per share	Options Exercise		+21.7K	+1108.26%		23.7K	Jun 28, 2021	Direct	F1
transaction	NMRK	Class A common stock, par value $0.01 per share	Award		+5.64K	+23.8%		29.3K	Jun 28, 2021	Direct	F2
transaction	NMRK	Class A common stock, par value $0.01 per share	Award		+383	+1.31%		29.7K	Jun 28, 2021	Direct	F3
transaction	NMRK	Class A common stock, par value $0.01 per share	Tax liability		-3.81K	-12.8%		25.9K	Jun 28, 2021	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NMRK	Newmark Holdings Exchangeable Limited Partnership Units	Options Exercise		-23.1K	-98.15%		436	Jun 28, 2021	Class A common stock, par value $0.01 per share			Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 28, 2021, 23,124 exchangeable limited partnership units of Newmark Holdings, L.P. ("Holdings Units") held by the reporting person were exchanged into 21,744 shares of Newmark Group, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"), at the current exchange ratio of 0.9403 shares of Class A Common Stock per Holdings Unit. Exchangable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock at the then-current exchange ratio.
F2	On June 28, 2021, the Company granted to the reporting person 5,642 shares of its Class A Common Stock following the redemption of an aggregate of 6,000 non-exchangeable Holding Units held by the reporting person for zero. The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended ("Rule 16b-3").
F3	On June 28, 2021, the Company granted to the reporting person 383 shares of Class A Common Stock. The grant was approved by the Compensation Committee and is exempt pursuant to Rule 16b-3.
F4	In connection with the transactions described above, 3,805 shares of Class A Common Stock were withheld to pay taxes on the transactions described above.