Michael J. Rispoli - Oct 2, 2023 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Role
Chief Financial Officer
Signature
/s/ Michael J. Rispoli
Stock symbol
NMRK
Transactions as of
Oct 2, 2023
Transactions value $
-$46,913
Form type
4
Date filed
10/3/2023, 04:44 PM
Previous filing
Oct 3, 2022
Next filing
Oct 17, 2023

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 Tax liability -$46.9K -7.3K -0.94% $6.43 769K Oct 2, 2023 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 29, 2022, in connection with the execution of an employment agreement (the "2022 Employment Agreement"), the reporting person received a grant of restricted stock units ("RSUs") which each represent a contingent right to receive one share of Class A Common Stock, par value $0.01 per share ("Class A Common Stock") of Newmark Group, Inc. (the "Company" ) granted under the Company's Long Term Incentive Plan. The grant, which was previously reported, 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, as amended (the "Exchange Act").
F2 (This footnote is a continuation of the prior footnote.) On October 1, 2023, pursuant to the vesting schedule of the RSUs granted under the 2022 Employment Agreement, 14,290 RSUs became vested and issuable as Class A Common Stock to the reporting person. The reported transaction involved the surrender to the Company of 7,296 shares of Class A Common Stock withheld for taxes. The remaining 6,994 shares of Class A Common Stock were issued to the reporting person.
F3 Consists of 485,710 shares of Class A Common Stock of the Company represented by RSUs granted in connection with the 2022 Employment Agreement, divided into tranches of 100,000 RSUs each that vest on a seven-year schedule.
F4 Also consists of 250,000 shares of Class A Common Stock of the Company represented by RSUs granted in connection with the 2022 Employment Agreement, divided in tranches of 50,000 RSUs each that vest on a seven-year schedule.
F5 Also consists of 32,920 shares of Class A Common Stock of the Company held directly.