Lutnick Kyle 4

What Happened

• Kyle Lutnick, a director of Newmark Group, had 1,501 restricted stock units (RSUs) vest on March 15, 2026. To satisfy tax withholding, the company withheld 680 shares (reported as a disposition) at $14.19 per share (total value $9,649). The remaining 821 shares were issued to Lutnick.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely — within the usual 2 business-day requirement).
• Withheld (disposed) shares: 680 at $14.19 each = $9,649.
• Shares issued to insider on vesting: 821.
• Holdings after transaction: 6,827 shares of Class A common stock held directly (per filing) and 2,316 RSUs that vest ratably over a five-year schedule beginning March 15, 2024. Additionally, 538 shares held in his 401(k) as of March 2, 2026.
• Footnote: Code F (tax withholding) — this was not an open-market sale but shares withheld by the company to cover taxes on vested RSUs.

Context

• This was a routine tax-withholding disposition tied to RSU vesting (a common cashless method to satisfy tax obligations). It does not represent a discretionary sale by the insider and should be interpreted differently from a voluntary open-market sale or purchase.