Stephen M. Merkel - Jan 2, 2024 Form 4 Insider Report for BGC Group, Inc. (BGC)

Role
EVP and General Counsel
Signature
/s/ Stephen M. Merkel
Stock symbol
BGC
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:07 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 BGC Class A Common Stock, par value $0.01 per share Sale -137K -93.44% 9.62K Jan 2, 2024 Direct F1, F2
holding BGC Class A Common Stock, par value $0.01 per share 6.26K Jan 2, 2024 By various trusts F3
holding BGC Class A Common Stock, par value $0.01 per share 60.1K 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 136,891 shares of BGC 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 pursuant to Rule 16b-3 under the Securities Exchange Act of 1936, as amended. The sale price per share of $6.98 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 9,618 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 27, 2023.