LUTNICK HOWARD W sold BGC
October 6, 2025 · Form 4 insider transaction
LUTNICK HOWARD W sold 8,973,721 shares of BGC Group, Inc. at $9.21 per share, a transaction worth $82.63M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 0 days after the transaction.
Footnotes
On October 6, 2025, in a transaction effective immediately after the transaction described in footnote (1), the reporting person closed the sale of 8,973,721 shares of Class B Common Stock held directly by the reporting person to CFLP. The price per share for the sale was $9.2082, which is equal to the 3-day volume weighted average price of the Company's Class A Common Stock on the Nasdaq Global Select Market on May 14, May 15 and May 16, 2025, reduced by $0.032 per share, which is equal to the amount of the after-tax portion of the (i) dividends declared on such shares of Class B Common Stock but unpaid and with record dates between May 16, 2025 and the transaction date that are payable to the reporting person and (ii) dividends paid on such shares of Class B Common Stock to the reporting person between May 16, 2025 and the transaction date.; 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.