CANTOR FITZGERALD, L. P. 4

What Happened

• Cantor EP Holdings III, LLC (the Sponsor and 10% owner of Cantor Equity Partners III, Inc. — CAEP) received 102,009 Class A ordinary shares of CAEP on May 15, 2026 as repayment of a promissory note at $10.00/share (value $1,020,090).
• On the same date, the Sponsor converted and/or exercised Class B ordinary shares (3,500,000) into Class A shares and surrendered/cancelled 3,400,000 Class B shares for no consideration; an aggregate of 4,182,009 Class A shares held by the Sponsor were then exchanged into Pubco ordinary shares in connection with the Cayman Merger. Following these steps the Sponsor owns zero CAEP Class A or Class B shares.
• These actions were part of the closing steps of a business combination (per the Business Combination Agreement and Sponsor Support Agreement), not open-market purchases or sales.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within the normal two-business-day window).
• Notable transactions reported:
  • Grant/award/acquisition: 102,009 Class A shares at $10.00/share = $1,020,090 (repayment of promissory note).
  • Conversion/exercise: 3,500,000 Class B shares converted to Class A (derivative exercise/conversion).
  • Dispositions to issuer / cancellation: 3,400,000 Class B shares surrendered for no consideration; 4,182,009 Class A shares exchanged into Pubco ordinary shares.
• Shares owned after transactions: Sponsor holds zero CAEP Class A and Class B shares.
• Footnotes: Transactions were part of the Business Combination, Cayman Merger, and Sponsor Support Agreement. Sponsor is the record holder; Cantor Fitzgerald L.P., CF Group Management, Inc., and Brandon Lutnick may be deemed to have beneficial ownership for reporting purposes but disclaim beneficial ownership except for any pecuniary interest.

Context

• These were corporate-transaction actions (debt repayment, derivative conversions, and share cancellations/exchanges) tied to the completion of a business combination and merger — not routine insider buying or selling in the open market.
• For retail investors, note this reflects structural ownership and post-merger reorganization rather than a trading signal by an executive.