Michael J. Rispoli - 02 Oct 2023 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Role: Chief Financial Officer
Signature: /s/ Michael J. Rispoli
Issuer symbol: NMRK
Transactions as of: 02 Oct 2023
Net transactions value: -$46,913
Form type: 4
Filing time: 03 Oct 2023, 16:44:42 UTC
Previous filing: 03 Oct 2022
Next filing: 17 Oct 2023
SEC: View on sec.gov

Key filing fact

Michael J. Rispoli filed Form 4 for NEWMARK GROUP, INC. (NMRK) on 03 Oct 2023.

Key facts

This page summarizes Michael J. Rispoli's Form 4 filing for NEWMARK GROUP, INC. (NMRK).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 03 Oct 2023, 16:44.

Change

Previous filing in this sequence was filed on 03 Oct 2022.
Current net transaction value: -$46,913.

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.

See Original Filing

Reported transactions

NMRK transaction

Class A Common Stock, par value $0.01 per share

Tax liability

Transaction value: $46,913
Shares: -7,296
Change %: -0.94%
Price: $6.43
Shares after: 768,630
Date: 02 Oct 2023
Ownership: Direct
Footnotes: F1, F2, F3, F4, F5

An asterisk next to the price means the reported 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.