Skip to evidence
Tiny Red HandsSearch
Back

Lutnick agreed to sell 16.45 million Class A and 8.97 million Class B BGC shares

Reporting and findings

  1. documented

    BGC's filing says Howard Lutnick agreed on May 16, 2025, to sell 16,452,850 Class A shares to BGC at $9.2082 per share, about $151.50 million before specified dividend adjustments, with closings scheduled for May 19 and after related control transfers. It separately says he agreed to sell 8,973,721 Class B shares to Cantor Fitzgerald, L.P. at the same price, about $82.63 million before adjustments; BGC later reported the divestiture complete.

Summary and current status

The filing identifies BGC and Cantor Fitzgerald as the separate buyers and sets the closing sequence.

Sale agreements signed May 16; the related divestiture was reported complete October 6

People and organizations

Relationships in this file

  1. BGC Group, Inc.agreed to buy 16,452,850 Class A sharesHoward Lutnick
  2. Cantor Fitzgerald, L.P.agreed to buy 8,973,721 Class B sharesHoward Lutnick
  3. Donald J. TrumpTrump-appointed commerce secretary and former chief of Cantor FitzgeraldHoward Lutnick

Money trail

  1. asset transferAgreed Class B gross consideration$82,631,817.71
    Committed transfer from
    Cantor Fitzgerald, L.P.
    Committed transfer to
    Howard Lutnick
    committed · 2025-05-16 · observedRead source record
    Calculation detailsPopulation 8,973,721 BGC Class B shares to be sold to Cantor Fitzgerald, L.P. at $9.2082Period 2025-05-16 to 2025-05-16Basis Multiply the filed Class B share count by the filed per-share sale price.Limits Agreement value before specified dividend adjustments; closing depended on the related CFGM voting-share transfers, and gross consideration excludes taxes, basis, and transaction costs.
  2. asset transferAgreed Class A gross consideration$151,501,133.37
    Committed transfer from
    BGC Group, Inc.
    Committed transfer to
    Howard Lutnick
    committed · 2025-05-16 · observedRead source record
    Calculation detailsPopulation 16,452,850 BGC Class A shares sold at $9.2082Period 2025-05-16 to 2025-05-16Basis Multiply the filed share count by the filed per-share sale price.Limits Agreement value before specified dividend adjustments; part of the Class A shares had a later closing, and gross consideration excludes taxes, basis, and transaction costs.

Figures

  1. BGC Class B shares under sale agreement8,973,721 shares
    Calculation details
    Basis
    Observed
    Population
    BGC Class B shares Howard Lutnick agreed to sell to Cantor Fitzgerald, L.P.
    Period
    2025-05-16 to 2025-05-16
    As of
    2025-05-16
    Method
    Direct observation: the filed Class B share count.
    Uncertainty
    Closing depended on related voting-control transfers; share count is paired with agreed gross consideration and is not an additional monetary value.
  2. BGC Class A shares under sale agreement16,452,850 shares
    Calculation details
    Basis
    Observed
    Population
    BGC Class A shares Howard Lutnick agreed to sell to BGC
    Period
    2025-05-16 to 2025-05-16
    As of
    2025-05-16
    Method
    Direct observation: the filed Class A share count.
    Uncertainty
    The filing scheduled separate closings; share count is paired with agreed gross consideration and is not an additional monetary value.