Key facts
- This page summarizes Michael J. Rispoli's Form 4 filing for NEWMARK GROUP, INC. (NMRK).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Oct 2024, 16:07.
Michael J. Rispoli - 01 Oct 2024 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- NMRK
- Reported as of
- 01 Oct 2024
- Net transaction value
- -$113,917
- SEC form
- 4
- Accepted by SEC
- 03 Oct 2024, 16:07:37 UTC
- Prior SEC filing
- 15 Mar 2024
- Next SEC filing
- 18 Mar 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael J. Rispoli
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael J. Rispoli filed Form 4 for NEWMARK GROUP, INC. (NMRK) on 03 Oct 2024.
Change
- Previous filing in this sequence was filed on 15 Mar 2024.
- Current net transaction value: -$113,917.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NMRK
transaction
Class A Common Stock, par value $0.01 per share
Tax liability
- Transaction value
- $113,917
- Shares
- -7,293
- Change %
- -0.96%
- Price
- $15.62
- Shares after
- 752,788
- Date
- 01 Oct 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NMRK
transaction
Derivative
Newmark Holdings Exchangeable Limited Partnership Interests
Award
- Transaction value
- Shares
- +4,378
- Change %
- +16%
- Price
- Shares after
- 31,598
- Date
- 01 Oct 2024
- Ownership
- Direct
- Underlying class
- Class A common stock, par value $0.01 per share
- Underlying amount
- Exercise price
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote 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").
Footnote F2
(This footnote is a continuation of the prior footnote.) On October 1, 2024, pursuant to the vesting schedule of the RSUs granted under the 2022 Employment Agreement, 14,285 RSUs became vested and issuable as Class A Common Stock to the reporting person. The reported transaction involved the withholding by the Company of 7,293 shares of Class A Common Stock withheld for taxes. The remaining 6,992 shares of Class A Common Stock were issued to the reporting person.
Footnote F3
Consists of 457,135 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.
Footnote 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.
Footnote F5
Also consists of 52,801 shares of Class A Common Stock of the Company held directly after the vesting and withholding described in Footnotes 1 and 2.
Footnote F6
Consists of a grant of 4,378 exchange rights with respect to 4,378 previously awarded units ("Holdings Units") of Newmark Holdings, L.P. that were previously non-exchangeable. The total number of exchangeable Holdings Units held by the reporting person also includes 27,220 exchangeable Holdings Units held by the reporting person prior to such grant. Exchangeable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock at the then-current exchange ratio, which is currently 0.9248, but is subject to adjustment. The grant 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.