Newmark Group, Inc., a leading commercial real estate advisor, announced the repurchase of 10,969,523 shares of its Class A common stock from Howard W. Lutnick, the United States Secretary of Commerce and former Executive Chairman of the company. The transaction, valued at approximately $127 million, is part of Lutnick's divestiture under U.S. government ethics rules. The shares were acquired at $11.58 each, the closing price on May 16, 2025. Following this buyback, Newmark's stock repurchase authorization will have approximately $244.9 million remaining. This move allows Newmark to efficiently acquire a significant number of shares while continuing to focus on growth and shareholder returns. Lutnick has also agreed to transfer his Cantor Fitzgerald ownership to trusts for his family members, with regulatory approvals expected by the third quarter of 2025.