BGC Group Agrees To Repurchase Over 16.4M Shares Of BGC Class A Common Stock Beneficially Owned By Howard W. Lutnick, United States Secretary Of Commerce, Company's Former Chairman And CEO

United States Secretary of Commerce Howard W. Lutnick divesting his interests in BGC pursuant to U.S. government ethics rules

BGC Group, Inc. (NASDAQ:BGC) ("BGC" or the "Company"), a leading global brokerage and financial technology company, today announced it has agreed to repurchase 16,452,850 shares of BGC Class A common stock beneficially owned by Howard W. Lutnick, United States Secretary of Commerce, the Company's former Chairman and Chief Executive Officer.

The Company agreed to repurchase the shares at $9.2082 per share, which is equal to the volume weighted average price (VWAP) of the Class A common stock on the Nasdaq Global Select Market on May 14th, 15th, and 16th, 2025. The aggregate purchase price to be paid by the Company is $151,501,133. The sale is made in furtherance of Mr. Lutnick's U.S. government ethics agreement.