Jason Hauf - Apr 1, 2024 Form 4 Insider Report for BGC Group, Inc. (BGC)

Role: Chief Financial Officer
Signature: /s/ Jason Hauf
Stock symbol: BGC
Transactions as of: Apr 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/1/2024, 04:08 PM
Previous 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	Award		+40K	+91.2%		83.9K	Apr 1, 2024	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 1, 2024, BGC Group, Inc. (the "Company") granted the reporting person 40,036 restricted stock units ("RSUs") under the BGC Group, Inc. Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of the Company's Class A common stock, par value $0.01. The RSUs shall vest ratably one-fifth (1/5th) on each of the first (1st) through fifth (5th) anniversaries of the grant date, provided that the reporting person is still providing services exclusively for the Company or any of its affiliates through the applicable vesting date, and contingent upon the Company generating at least $5 million in gross revenues for the quarter in which the vesting occurs. The grant was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2	Also includes (i) 6,808 previously granted RSUs which will vest on July 1, 2033, provided that the reporting person remains employed through such vesting date, and contingent upon the Company, inclusive of its affiliates, generating at least $5 million in revenue for the quarter in which the vesting occurs, and (ii) 37,092 previously granted RSUs which will vest on July 1, 2033, provided that the reporting person remains employed through such vesting date.

Content

On April 1, 2024, BGC Group, Inc. (the "Company") granted the reporting person 40,036 restricted stock units ("RSUs") under the BGC Group, Inc. Long Term Incentive Plan. Each RSU represents a contingent right to receive one share of the Company's Class A common stock, par value $0.01. The RSUs shall vest ratably one-fifth (1/5th) on each of the first (1st) through fifth (5th) anniversaries of the grant date, provided that the reporting person is still providing services exclusively for the Company or any of its affiliates through the applicable vesting date, and contingent upon the Company generating at least $5 million in gross revenues for the quarter in which the vesting occurs. The grant was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

Also includes (i) 6,808 previously granted RSUs which will vest on July 1, 2033, provided that the reporting person remains employed through such vesting date, and contingent upon the Company, inclusive of its affiliates, generating at least $5 million in revenue for the quarter in which the vesting occurs, and (ii) 37,092 previously granted RSUs which will vest on July 1, 2033, provided that the reporting person remains employed through such vesting date.