Insider trade

Director sold ~— of BGC shares in the open market

Traded Oct 6, 2025 · Filed Oct 7, 2025

BGC Group, Inc.BGC

3.95M
Shares: +35.7%
stock since the trade · S&P 500 +15.4%, $8.99 → $12.20 on Oct 5

Why it stands out

Open-market sale. Sales can have many reasons; shown without inference.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Oct 6, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 7, 2025

DirectorIndirect holding

Context

Classification

open market sale

Code S — open-market or private sale

Timing vs results

67 days after results of Jul 31, 2025, 31 days before results of Nov 6, 2025

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	0.0%	−1.0%	+1.0%
30 days	−0.7%	+0.2%	−0.8%
90 days	−0.8%	+2.8%	−3.5%
180 days	+13.3%	−1.5%	+14.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001437749-25-030570
Filed / recorded: Oct 7, 2025, 2:02 AM UTC
Added to OQRO: Oct 6, 2026, 10:14 PM UTC
Parser: form4-xml-v2
Data quality: Needs review
Issuer: BGC Group, Inc.
Issuer CIK: 1094831
Ticker: BGC
Reporting person: Howard W Lutnick
Relationship: Director, 10% owner
Security: Class B Common Stock, par value $0.01 per share
Table: Non-derivative (Table I)
Transaction date: Oct 6, 2025
Transaction code: S
Shares / units: 3,946,149
Acquired / disposed: Disposed (D)
Shares owned after: 0
Ownership form: Indirect — See Footnotes
Amendment: No

Footnotes from the filing

On October 6, 2025, the reporting person, in his capacity as trustee of a trust, in a transaction effective concurrently with the transaction described in footnote (1), closed the sale to certain other trusts controlled by Brandon G. Lutnick of all of the outstanding equity interests in KBCR Management Partners, LLC ("KBCR") and Tangible Benefits, LLC ("Tangible Benefits"). Following the close of the transaction, the reporting person no longer has beneficial ownership of the 2,335,967 shares of Class B Common Stock held by KBCR, 600,938 shares of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of the Company held by KBCR, or the 1,610,182 shares of Class B Common Stock held by Tangible Benefits. The aggregate sale price of the equity interests in KBCR and Tangible Benefits was $13,096,795.70.
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.
CFGM is the Managing General Partner of CFLP and KBCR is a non-managing General Partner of CFLP. The reporting person was the sole voting member of KBCR and Tangible Benefits, through trusts, prior to the transactions described in footnote (2). The reporting person disclaims beneficial ownership of all securities held by CFLP, CFGM, KBCR, and Tangible Benefits in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he was the beneficial owner of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Around the same time

17KShares · @ $9.21

1y ago

Not classified as an open-market trade.

More Official record

Director bought

~$82.6MReported value · 8.97M sh @ $9.21

1y ago

A board member of BGC paid $82.6M out of pocket for BGC shares. 2 other people at BGC bought some too, in the same month. The BGC shares held grew by 10%.

More Official record

Director bought

~$82.6MReported value · 8.97M sh @ $9.21

1y ago

A board member of BGC paid $82.6M out of pocket for BGC shares. 2 other people at BGC bought some too, in the same month. The BGC shares held grew by 10%.

More Official record