Lutnick Brandon 4
Research Summary
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Cantor Fitzgerald (CFTR‑PRA) Director Brandon Lutnick Buys $2.5M
What Happened Brandon Lutnick, a director (and Chairman & CEO of related Cantor entities), is reported as associated with the acquisition of 100,000 shares of Cantor Fitzgerald Income Trust’s 9.50% Series A Cumulative Redeemable Preferred Stock. The shares were purchased at $25.00 per share on April 8, 2026, for a total purchase price of $2,500,000. The purchase was made by CF Real Estate Holdings, LLC (a wholly‑owned subsidiary of Cantor Fitzgerald Investors, LLC) in an underwritten public offering; Lutnick may be deemed to beneficially own the shares due to his control/roles but disclaims beneficial ownership beyond any pecuniary interest.
Key Details
- Transaction date and price: April 8, 2026 — 100,000 Series A preferred @ $25.00 each = $2,500,000 total.
- Acquirer: CF Real Estate Holdings, LLC (subsidiary of Cantor Fitzgerald Investors, LLC) — purchase in an underwritten public offering.
- Shares held after transaction (as reported/attributable): CF Real Estate/CFI hold the 100,000 Series A preferred shares; reporting footnotes disclaim Lutnick’s beneficial ownership of securities held by CFI beyond any pecuniary interest.
- Other reported holdings (per filing footnote): CFI is record holder of 1,830.72 Class I shares and beneficial owner of an additional 556,659.57 Class I shares (through CF Real Estate); CF Real Estate is record holder of 186,217.61 Class IX shares and 8,316.68 Class AX shares.
- Filing timeliness: Transaction date April 8, 2026; Form 4 filed May 6, 2026 — this filing was not timely under the standard 2‑business‑day rule (reported as late).
Context
- This was a direct purchase by an affiliated entity in an underwritten public offering (not an open‑market sale). Purchases by insiders or their affiliates can be viewed by investors as more informative than routine sales, but the filing’s footnote disclaims full beneficial ownership by Lutnick beyond any pecuniary interest.
- No options, awards, gifts, or tax‑withholding transactions are involved in this report.