ALVARADO LUIS 4

What Happened
Luis Alvarado, Chief Operating Officer of Newmark Group, Inc. (NMRK), had 3,887 restricted stock units (RSUs) vest on March 15, 2026. To satisfy tax withholding obligations, the company withheld 1,543 shares (disposition) at an effective price of $14.19 per share, totaling approximately $21,895. The remaining 2,344 shares from the vesting were issued to him.

Key Details

• Transaction date: March 15, 2026; filing date: March 16, 2026 (timely filing).
• Withheld/disposed: 1,543 shares at $14.19 = $21,895 (transaction code F: tax withholding).
• Shares issued to insider from vesting: 2,344 shares.
• Shares owned after transaction: 16,447 shares of Class A common stock directly; plus 7,917 shares held as restricted stock awards that vest ratably on Sept 1 of 2026, 2027, and 2028 (subject to continued service).
• Footnotes: F1 describes the RSU vesting and withholding; F2 details current holdings and outstanding restricted awards.

Context
This was a routine tax-withholding action tied to RSU vesting, not an open-market sale or purchase. RSUs represent a contingent right to receive shares upon vesting; withholding shares to cover taxes is common and does not by itself signal bullish or bearish insider sentiment.