Stephen M. Merkel - Jan 2, 2024 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
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:05 PM
Previous filing
Jul 3, 2023
Next filing
Apr 1, 2024

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 Sale -35K -88.7% 4.46K Jan 2, 2024 Direct F1, F2
holding NMRK Class A Common Stock, par value $0.01 per share 2.9K Jan 2, 2024 By various trusts F3
holding NMRK Class A Common Stock, par value $0.01 per share 11.3K Jan 2, 2024 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 January 2, 2024, the reporting person sold 35,006 shares of Newmark Group, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"), to the Company in an exempt transaction made pursuant to Rule 16b-3 under the Securities Exchange Act of 1936, as amended. The sale price per share of $10.85 was the closing price of a share of Class A Common Stock on January 2, 2024. The transaction was approved by the Audit Committee and the Compensation Committee of the Board of Directors of the Company and was made pursuant to the Company's stock buyback authorization.
F2 Also includes 4,461 shares of Class A Common Stock held by the reporting person that were not reported on the reporting person's previous filing on Form 4 due to administrative error.
F3 Represents shares of Class A Common Stock 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.
F4 Represents shares of Class A Common Stock held in the reporting person's 401(k) account as of December 28, 2023.