AUBIN JEAN-PIERRE 4

What Happened
Jean‑Pierre Aubin, CEO of BGC Group, sold 10,000 shares of BGC Class A common stock on March 5, 2026. The weighted-average sale price was $9.55 per share (range $9.52–$9.58), for aggregate proceeds of approximately $95,500. The filing notes the sale was made primarily to fund a personal real estate transaction.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09.
• Transaction type/code: Sale (S) — open market or private sale.
• Price: $9.55 weighted-average; price range $9.52–$9.58; total proceeds ≈ $95,500.
• Shares owned after transaction: 566,214 shares held directly plus 555,427 restricted stock units (RSUs) = 1,121,641 total economic interest (RSUs are contingent rights to receive shares).
• RSU vesting summary (per footnote): 13,676 RSUs vest each March 15 in 2026–2029; 349,158 RSUs vest on July 1, 2033; 151,565 RSUs vest ratably over four years after termination of employment.
• Footnote: Seller states the sale was primarily to fund a personal real estate transaction and offers to provide a breakdown of shares sold at each price upon SEC/holder request.

Context
This was a cash sale (disposition), not a purchase or exercise. Sales by executives can reflect personal liquidity needs (as noted here) and do not by themselves indicate a change in confidence; Aubin continues to hold a large stake including long‑dated RSUs.