Lutnick Brandon 4

What Happened Brandon Lutnick, listed as a Chairman and Director, acquired 478,641 shares of Cantor Fitzgerald Income Trust on January 2, 2026 in an open-market/private purchase (transaction code P) at $19.43 per share for an aggregate reported value of $9,299,995. This was a purchase (a bullish-type insider transaction rather than a sale).

Key Details

• Transaction date: 2026-01-02; Price: $19.43 per share; Shares acquired: 478,641; Total value: $9,299,995.
• Filing date (Form 4): 2026-04-08 — the report was filed well after the trade date (late filing).
• Shares owned after the transaction: not explicitly stated on the Form 4; see footnotes below for ownership specifics.
• Footnote highlights:
  • F1: On Oct 6, 2025 the reporting person (through trusts he controls) closed the purchase of all voting shares of CF Group Management, Inc. (CFGM), the managing general partner of Cantor Fitzgerald, L.P. The CFGM voting shares were acquired for $200,000; following that closing the reporting person may be deemed to have beneficial ownership of shares held by Cantor Fitzgerald Investors, LLC (CFI).
  • F2: CFI is the record holder of 1,830 of the shares reported and is the beneficial owner of the remaining 552,207 reported shares through its subsidiary CF Real Estate Holdings, LLC. The reporting person disclaims beneficial ownership of CFAC-held securities beyond any pecuniary interest.

Context

• This Form 4 reports a straight purchase (code P). Purchases by insiders can be interpreted as a stronger signal than routine sales, but filings show only the transaction details — they do not state motivation.
• The late filing delays public visibility of the trade; Form 4s are typically due within days of the transaction, so the late report may reduce the timeliness of the disclosure for investors.