0001437749-23-010557.txt : 20230418
0001437749-23-010557.hdr.sgml : 20230418
20230418161400
ACCESSION NUMBER: 0001437749-23-010557
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230416
FILED AS OF DATE: 20230418
DATE AS OF CHANGE: 20230418
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LUTNICK HOWARD W
CENTRAL INDEX KEY: 0001250975
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38329
FILM NUMBER: 23826992
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEWMARK GROUP, INC.
CENTRAL INDEX KEY: 0001690680
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
IRS NUMBER: 814467492
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 125 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 2128294775
MAIL ADDRESS:
STREET 1: 125 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
FORMER COMPANY:
FORMER CONFORMED NAME: NRE DELAWARE, INC.
DATE OF NAME CHANGE: 20161122
4
1
rdgdoc.xml
FORM 4
X0407
4
2023-04-16
0001690680
NEWMARK GROUP, INC.
NMRK
0001250975
LUTNICK HOWARD W
499 PARK AVENUE
NEW YORK
NY
10022
1
1
1
Chairman
0
Newmark Holdings Exchangeable Limited Partnership Interests
2023-04-16
4
A
0
348620
A
Class A or Class B Common Stock, par value $0.01 per share
324321
26847222
I
See Footnote
On April 16, 2023, Cantor Fitzgerald, L.P. ("CFLP") purchased from Newmark Holdings, L.P. ("Newmark Holdings") an aggregate of 348,620 exchangeable limited partnership interests in Newmark Holdings (the "Interests") in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in accordance with the Amended and Restated Agreement of Limited Partnership of Newmark Holdings, as amended and restated as of December 13, 2017 (as further amended from time to time, the "Newmark Holdings Agreement").
The exchange rights with respect to the 348,620 Interests are currently exercisable at any time for an aggregate of 324,321 shares of Class B Common Stock (or, at CFLP's option, an aggregate of 324,321 shares of Class A Common Stock) at the current exchange ratio (which is .9303 shares per Interest (subject to adjustment) as of April 14, 2023). The shares of Class B Common Stock are convertible at any time on a one-for-one basis (subject to adjustment) into shares of Class A Common Stock.
Includes 309,631 Interests purchased from Newmark Holdings pursuant to Sections 12.02 and 12.03 of the Newmark Holdings Agreement as a result of the redemption of 309,631 non-exchangeable founding partner units for an aggregate consideration of $1,282,265, and 38,989 Interests purchased from Newmark Holdings pursuant to Section 8.08 of the Newmark Holdings Agreement for an aggregate consideration of $166,364 as a result of the exchange of 38,989 exchangeable founding partner units.
The exchange rights with respect to the 26,847,222 Interests are currently exercisable at any time for an aggregate of 24,975,971 shares of Class B Common Stock (or, at CFLP's option, an aggregate of 24,975,971 shares of Class A Common Stock) at the current exchange ratio (which is 0.9303 shares per Interest (subject to adjustment) as of April 14, 2023). Includes Interests that may have to be exchanged for an aggregate of 6,777,174 shares of Class A Common Stock to satisfy CFLP's deferred share distribution obligations pursuant to rights provided to certain current and former partners of CFLP on April 1, 2008 and February 14, 2012.
CF Group Management, Inc. ("CFGM") is the managing general partner of CFLP, and the reporting person is the Chief Executive Officer and sole stockholder of CFGM. The reporting person disclaims beneficial ownership of all such securities in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of, or has pecuniary interest in, any such excess securities for purposes of Section 16 of the Exchange Act or for any other purpose.
/s/ Howard W. Lutnick, Chairman and Chief Executive Officer
2023-04-18