Stephen M. Merkel - Jun 28, 2021 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Role
EVP and Chief Legal Officer
Signature
/s/ Stephen M. Merkel
Stock symbol
NMRK
Transactions as of
Jun 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/30/2021, 05:23 PM
Next filing
Dec 23, 2021

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 Award +48.1K 48.1K Jun 28, 2021 Direct F1
transaction NMRK Class A common stock, par value $0.01 per share Tax liability -13.1K -27.18% 35K Jun 28, 2021 Direct F2
holding NMRK Class A common stock, par value $0.01 per share 2.9K Jun 28, 2021 By various trusts F3
holding NMRK Class A common stock, par value $0.01 per share 11K Jun 28, 2021 By 401(k) Plan F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 28, 2021, Newmark Group, Inc. (the "Company") granted to the reporting person 48,072 shares of its Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), following the redemption of an aggregate of 51,124 non-exchangeable limited partnership interests of Newmark Holdings, L.P. held by the reporting person for zero. The grant was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2 In connection with the transaction described above, 13,066 shares of Class A Common Stock were withheld to pay taxes on the transaction described above.
F3 Represents shares of Class A Common Stock of the Company held in trusts for the benefit of the reporting person's immediate family, of which the reporting person's spouse is the sole trustee of each trust and the reporting person has the power to remove and replace such trustee.
F4 Represents shares of Class A Common Stock held in the reporting person's 401(k) account as of May 31, 2021.