Form 4 for BGC BGC Group, Inc.

Accepted 2023-05-22 00:00:00 ET · period of report 2023-05-18 · accession 0001437749-23-015461 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2023-05-22	2023-05-18	BGC	MERKEL STEPHEN M	EVP, GC	A - Grant	—	+256.6K	347.0K	+284%	—
	2023-05-22	2023-05-18	BGC	MERKEL STEPHEN M	EVP, GC	F - Tax	$4.61	-60.1K	286.9K	-17%	-$277.1K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock, par value $0.01 per share	2023-05-18	A	A	256,627	—	346,993	D	—	—	(F1) On May 18, 2023, BGC Partners, Inc. (the "Company") granted to the reporting person 256,627 shares of its Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), following the redemption of 256,627 non-exchangeable limited partnership interests of BGC Holdings, L.P. for zero. The grant was approved by the Compensation Committee of the Board of Directors of the Company and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The transaction described in this footnote (1) was made in connection with the Company's corporate conversion transaction.
2	Common	Class A Common Stock, par value $0.01 per share	2023-05-18	F	D	60,102	$4.61	286,891	D	—	—	(F2) In connection with the transaction described in footnote (1) above, the reporting person surrendered to the Company an aggregate of 60,102 shares of Class A Common Stock in a transaction exempt pursuant to Rule 16b-3 under the Exchange Act to pay taxes.