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

Reporting relationship: Chief Financial Officer
Issuer ticker: NMRK
Reported as of: 28 Jun 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 Jun 2021, 17:21:01 UTC
Next SEC filing: 03 Oct 2022
Source filing: View source filing
Reporting owner signature: /s/ Michael J. Rispoli

Key filing fact

Michael J. Rispoli filed Form 4 for NEWMARK GROUP, INC. (NMRK) on 30 Jun 2021.

Key facts

This page summarizes Michael J. Rispoli's Form 4 filing for NEWMARK GROUP, INC. (NMRK).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Jun 2021, 17:21.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NMRK transaction

Class A common stock, par value $0.01 per share

Options Exercise

Transaction value
Shares: +21,744
Change %: +1108%
Price
Shares after: 23,706
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F1

NMRK transaction

Class A common stock, par value $0.01 per share

Award

Transaction value
Shares: +5,642
Change %: +24%
Price
Shares after: 29,348
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F2

NMRK transaction

Class A common stock, par value $0.01 per share

Award

Transaction value
Shares: +383
Change %: +1.3%
Price
Shares after: 29,731
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F3

NMRK transaction

Class A common stock, par value $0.01 per share

Tax liability

Transaction value
Shares: -3,805
Change %: -13%
Price
Shares after: 25,926
Date: 28 Jun 2021
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NMRK transaction Derivative

Newmark Holdings Exchangeable Limited Partnership Units

Options Exercise

Transaction value
Shares: -23,124
Change %: -98%
Price
Shares after: 436
Date: 28 Jun 2021
Ownership: Direct
Underlying class: Class A common stock, par value $0.01 per share
Underlying amount
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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").

Footnote 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.

Footnote 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.