AUBIN JEAN-PIERRE 4

What Happened Jean‑Pierre Aubin, Chief Executive Officer of BGC Group, was granted 78,456 restricted stock units (RSUs) effective April 1, 2025. On March 15, 2026 a portion of those RSUs vested and the company withheld 14,392 shares to cover taxes (withholding reported as a disposition at $9.57 per share, totaling $137,731). The balance of vested shares delivered to Aubin was 14,976 shares. This was an RSU award with routine tax withholding, not an open‑market sale or purchase.

Key Details

• Grant date and filing: RSU award effective April 1, 2025 (Form 4 filed March 16, 2026). The filing indicates late reporting (transactionTimeliness = 'L').
• Vesting and withholding (March 15, 2026): 14,392 shares withheld for taxes at $9.57/share = $137,731; 14,976 shares issued to Aubin.
• Shares/units held after transaction: 581,190 shares of Class A common stock held directly; 604,515 RSUs outstanding per the filing.
• Vesting conditions and schedule (from footnotes): the RSUs carry multi‑year vesting schedules and are generally subject to continued service and a revenue condition (Company must generate at least $5M gross revenue in the quarter in which vesting occurs). Specific future vesting tranches are listed in the filing (see F1–F4).
• Transaction codes: A = Award/Grant; F = Tax withholding/Payment of tax liability (not an open‑market sale).

Context RSU grants and the associated tax‑withholding disposition are routine for executives receiving equity compensation; the withheld shares represent a payment to satisfy tax obligations rather than a market sale that signals a liquidity decision. Retail investors should note the late filing reduces near‑term transparency; otherwise this is primarily an equity compensation vesting event with ongoing contingent vesting tied to service and revenue milestones.