Michael J. Rispoli - 29 Sep 2022 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Reporting relationship: Chief Financial Officer
Issuer ticker: NMRK
Reported as of: 29 Sep 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Oct 2022, 17:18:45 UTC
Prior SEC filing: 30 Jun 2021
Next SEC filing: 03 Oct 2023
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 03 Oct 2022.

Key facts

This page summarizes Michael J. Rispoli's Form 4 filing for NEWMARK GROUP, INC. (NMRK).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Oct 2022, 17:18.

Change

Previous filing in this sequence was filed on 30 Jun 2021.
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

Award

Transaction value
Shares: +750,000
Change %: +2893%
Price
Shares after: 775,926
Date: 29 Sep 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

NMRK transaction Derivative

Newmark Holdings Exchangeable Partnership Units

Award

Transaction value
Shares: +20,221
Change %: +4638%
Price
Shares after: 20,657
Date: 29 Sep 2022
Ownership: Direct
Underlying class: Class A Common Stock, par value $0.01 per share
Underlying amount
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Consists of 500,000 shares of Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), of Newmark Group, Inc. (the "Company") represented by 500,000 of the Company's restricted stock units ("RSUs") granted in connection with the execution of an employment agreement, divided into tranches of 100,000 RSUs each that vest on a seven-year schedule. 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 (the "Exchange Act").

Footnote F2

Also consists of 250,000 shares of Class A Common Stock represented by 250,000 RSUs granted in connection with the execution of an employment agreement, divided in tranches of 50,000 RSUs each that vest on a seven-year schedule. 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 Exchange Act.

Footnote F3

Consists of a grant of 20,221 exchange rights with respect to 20,221 previously awarded units ("Holdings Units") of Newmark Holdings, L.P. that were previously non-exchangeable. The total number of exchangeable Holdings Units held by the reporting person also includes 436 exchangeable Holdings Units held by the reporting person prior to such grant. Exchangeable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock at the then-current exchange ratio. 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 Exchange Act.