Rispoli Michael J. 4
4 · NEWMARK GROUP, INC. · Filed Jun 30, 2021
Insider Transaction Report
Form 4
Rispoli Michael J.
Chief Financial Officer
Transactions
- Tax Payment
Class A common stock, par value $0.01 per share
2021-06-28−3,805→ 25,926 total - Award
Class A common stock, par value $0.01 per share
2021-06-28+5,642→ 29,348 total - Exercise/Conversion
Newmark Holdings Exchangeable Limited Partnership Units
2021-06-28−23,124→ 436 total→ Class A common stock, par value $0.01 per share - Award
Class A common stock, par value $0.01 per share
2021-06-28+383→ 29,731 total - Exercise/Conversion
Class A common stock, par value $0.01 per share
2021-06-28+21,744→ 23,706 total
Footnotes (4)
- [F1]On June 28, 2021, 23,124 exchangeable limited partnership units of Newmark Holdings, L.P. ("Holdings Units") held by the reporting person were exchanged into 21,744 shares of Newmark Group, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"), at the current exchange ratio of 0.9403 shares of Class A Common Stock per Holdings Unit. Exchangable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock at the then-current exchange ratio.
- [F2]On June 28, 2021, the Company granted to the reporting person 5,642 shares of its Class A Common Stock following the redemption of an aggregate of 6,000 non-exchangeable Holding Units held by the reporting person for zero. The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended ("Rule 16b-3").
- [F3]On June 28, 2021, the Company granted to the reporting person 383 shares of Class A Common Stock. The grant was approved by the Compensation Committee and is exempt pursuant to Rule 16b-3.
- [F4]In connection with the transactions described above, 3,805 shares of Class A Common Stock were withheld to pay taxes on the transactions described above.