Newmark repurchases ~11M shares from Howard Lutnick for $127M; control shifts to son Brandon Lutnick

NEWMARK GROUP, INC.

Repurchased 10,969,523 shares at $11.58/share, aggregate $127M; remaining buyback capacity $244.9M.
Howard Lutnick transfers CFGM voting control to trusts controlled by son Brandon Lutnick; CFGM controls ~58.5% voting power.
Sale of 10,839,674 shares closes May 19; 129,849 retirement shares close after Cantor Fitzgerald transactions expected Q3 2025.
Howard Lutnick divests all economic and voting interests in Newmark per U.S. government ethics agreement.
Cantor Fitzgerald remains largest and controlling shareholder, now under Brandon Lutnick's control.

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