Linda A. Bell - Apr 18, 2023 Form 4 Insider Report for BGC Partners, Inc. (BGC)

Role
Director
Signature
/s/ Linda A. Bell
Stock symbol
BGC
Transactions as of
Apr 18, 2023
Transactions value $
-$99,998
Form type
4
Date filed
4/19/2023, 04:12 PM
Previous filing
Dec 30, 2022
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGC Class A Common Stock, par value $0.01 per share Disposed to Issuer -$100K -21.8K -38.09% $4.59 35.4K Apr 18, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 18, 2023, the reporting person sold 21,786 shares of Class A common stock to the Company in an exempt transaction pursuant to Rule 16b-3. The sale price per share was the closing price of the Class A common stock on April 18, 2023. The transaction was approved by the Audit Committee of the Company and was pursuant to its stock buyback authorization.
F2 Includes (i) 13,263 restricted stock units ("RSUs") granted on December 30, 2022 of which 6,631 RSUs will vest on December 30, 2023 and 6,632 RSUs will vest on December 30, 2024, and (ii) 5,330 RSUs granted on November 22, 2021, all of which will vest on November 22, 2023, in each case provided that the reporting person continues to serve as a member of the Board of Directors of the Company on such dates.