CANTOR FITZGERALD, L. P. 4

What Happened
Cantor Fitzgerald, L.P. (a reported 10% owner) purchased 137,831 exchangeable limited partnership interests in Newmark Holdings on May 28, 2026. Those Interests are exchangeable at the current ratio of 0.9270 for an aggregate of 127,769 shares of Newmark Group, Inc. Class B common stock (or, at CFLP’s option, the same number of Class A shares). No per-share stock price is listed on the Form 4 because this was an acquisition of partnership interests (derivative), not a direct open-market share purchase.

Key Details

• Transaction date: 2026-05-28; Form filed: 2026-06-01. (No late filing is indicated in the provided data.)
• Transaction type/code: Grant/Award/Other acquisition (A) of 137,831 exchangeable limited partnership interests (derivative).
• Exchange rights: 137,831 Interests currently exercisable for 127,769 shares at a 0.9270 exchange ratio (subject to adjustment). Class B shares are convertible one-for-one into Class A shares.
• Consideration paid (per footnotes): 134,302 Interests purchased for $493,149 and 3,529 Interests purchased for $15,060, for aggregate consideration of $508,209.
• Exemption/authority: Purchase was made from Newmark Holdings in a transaction exempt under Rule 16b-3 and pursuant to the Amended and Restated Agreement of Limited Partnership of Newmark Holdings.
• Filing does not state total shares/Interests beneficially owned after the transaction in the provided excerpt.

Context
This was an institutional purchase of exchangeable partnership interests (a derivative acquisition) rather than a direct buy of common stock by an officer or director. The Interests can be converted into Newmark common shares (Class B or, at CFLP’s option, Class A), so the transaction increases CFLP’s potential economic exposure to Newmark equity. Institutional 10% owner activity is informative for ownership tracking but does not by itself indicate management sentiment.