Chairman Brandon G. Lutnick - 12 Dec 2025 Form 4 Insider Report for NEWMARK GROUP, INC. (NMRK)

Footnote F1

Represents a gift of shares of Newmark Group, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"), by the reporting person to a charitable organization. The gifted shares, which the reporting person previously reported as indirectly beneficially owned, became directly beneficially owned by the reporting person following the distribution, for no consideration, by a trust account for the benefit of the descendants of the Lutnick family, of 145,181 shares of Class A Common Stock to the reporting person on December 12, 2025.

Footnote F2

Consists of 4,242,864 shares of Class A Common Stock beneficially owned indirectly after the distribution described in footnote (1), consisting of (i) 1,025,612 shares of Class A Common Stock held by CF Group Management, Inc. ("CFGM"), (ii) 1,362,415 shares of Class A Common Stock held by KBCR Management Partners, LLC ("KBCR"), (iii) 746,955 shares of Class A Common Stock held by Tangible Benefits, LLC ("Tangible Benefits"), (iv) 99,146 shares of Class A Common Stock held by LFA, LLC ("LFA"), (v) 762,622 shares of Class A Common Stock held by various trust accounts for the benefit of the descendants of the Lutnick family, and (vi) 246,114 shares of Class A Common Stock held by various other trust accounts for the benefit of the Lutnick family.

Footnote F3

CFGM is the Managing General Partner of Cantor Fitzgerald, L.P. ("CFLP") and KBCR is a non-managing General Partner of CFLP. Securities held by CFGM are included on this report because the reporting person is the Chairman and Chief Executive Officer of CFGM, and the trustee with decision making control of trusts that hold all of the voting shares of CFGM. As a result of his beneficial ownership of CFGM and CFLP, the reporting person may, solely for purposes of Section 16, of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), be deemed a "director by deputization." Securities held by KBCR, Tangible Benefits, and LFA are included on this report because of the reporting person's position as the manager of each entity and through the reporting person's control of

Footnote F4

(Continued from Footnote 3) KBCR and Tangible Benefits as trustee with decision making control of trusts which hold all of the issued and outstanding equity interests of KBCR and Tangible Benefits. Securities held by the trusts described in this report are included on this report because (i) the beneficiaries of such trusts include the reporting person and/or members of his immediate family, and (ii) of the reporting person's position as trustee with decision making control. The reporting person disclaims beneficial ownership of all securities held by CFGM, KBCR, Tangible Benefits, LFA, and the trusts in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess securities for purposes of Section 16 of the Exchange Act, or for any other purpose.