---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-045119"
form_type: "8-K"
ticker: "BGC"
cik: "0001094831"
company_name: "BGC Group, Inc."
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T01:09:52.680163+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# BGC repurchases 16.45M shares from Howard Lutnick; Lutnick transfers control to Brandon Lutnick trusts

## Summary
- BGC repurchases 16,452,850 Class A shares from Howard Lutnick at $9.2082/share (3-day VWAP), for ~$151.5M total.
- Lutnick sells 8,973,721 Class B shares to CFLP (Cantor Fitzgerald) at same price; closing after CFGM deal.
- Howard Lutnick transfers his Cantor Fitzgerald (CFGM) voting control to trusts controlled by son Brandon Lutnick; closing expected Q3 2025 pending regulatory approvals.
- BGC CFO Jason Hauf says repurchase demonstrates capital return commitment; company had record Q1 results and strong cash flow.
- Howard Lutnick forgoes all economic benefits in BGC as of May 16, 2025, complying with U.S. government ethics rules.

## SEC filing metadata
- accession: 0001213900-25-045119
- form_type: 8-K
- ticker: BGC
- cik: 0001094831
- company_name: BGC Group, Inc.
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1094831/000121390025045119/0001213900-25-045119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1094831/000121390025045119/ea0242685-8k_bgc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-045119
- JSON: https://secwatch.observer/filing/0001213900-25-045119.json
- Plain text: https://secwatch.observer/filing/0001213900-25-045119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.