Newmark (NMRK) COO Luis Alvarado Sells 16,448 Shares

What Happened Luis Alvarado, COO of Newmark Group, Inc., disposed of 16,448 shares of Class A common stock on September 16, 2026. The shares were repurchased by the company at the closing Nasdaq price of $14.19 per share, for a total of $233,397. This was a disposition to the issuer (company buyback), not an open-market sale.

Key Details

• Transaction date and price: September 16, 2026 — 16,448 shares at $14.19/share (total $233,397).
• Type: Disposition to issuer (company repurchase); transaction approved by the Audit and Compensation Committees.
• Exemption: Transaction reported as exempt under Rule 16b‑3.
• Shares owned after transaction: 2,640 shares held directly plus 5,277 restricted shares (vest ratably on Sept 1, 2027 and Sept 1, 2028) — 7,917 total beneficially owned per filing.
• Filing timeliness: Report filed on Sept 17, 2026 — within the normal Form 4 filing window (timely).

Context This was a company-initiated repurchase of the insider’s shares (routine buyback transaction) rather than an open-market trade by the insider. Such repurchases are administrative and don’t necessarily signal the insider’s market view. The restricted shares noted remain subject to vesting conditions in 2027 and 2028.