Michael J. Rispoli - Mar 15, 2024 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Role
Chief Financial Officer
Signature
/s/ Michael J. Rispoli
Stock symbol
NMRK
Transactions as of
Mar 15, 2024
Transactions value $
-$105,489
Form type
4
Date filed
3/15/2024, 04:17 PM
Previous filing
Oct 17, 2023
Next filing
Oct 3, 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 Tax liability -$105K -9.98K -1.3% $10.57 759K Mar 15, 2024 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 March 15, 2024, pursuant to the vesting schedule of the RSUs granted under the 2022 Employment Agreement, 21,438 RSUs became vested and issuable as Class A Common Stock to the reporting person. The reported transaction involved the surrender to the Company of 9,980 shares of Class A Common Stock withheld for taxes. The remaining 11,458 shares of Class A Common Stock were issued to the reporting person.
F3 Consists of 471,420 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 242,852 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 44,378 shares of Class A Common Stock of the Company held directly.