<SEC-DOCUMENT>0000929638-23-001906.txt : 20230703
<SEC-HEADER>0000929638-23-001906.hdr.sgml : 20230703
<ACCEPTANCE-DATETIME>20230703163048
ACCESSION NUMBER:		0000929638-23-001906
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230701
FILED AS OF DATE:		20230703
DATE AS OF CHANGE:		20230703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CF GROUP MANAGEMENT INC
		CENTRAL INDEX KEY:			0001251145

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35591
		FILM NUMBER:		231065573

	MAIL ADDRESS:	
		STREET 1:		135 EAST 57TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BGC Group, Inc.
		CENTRAL INDEX KEY:			0001094831
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		IRS NUMBER:				863748217
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		499 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-610-2200

	MAIL ADDRESS:	
		STREET 1:		499 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BGC Partners, Inc.
		DATE OF NAME CHANGE:	20080404

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESPEED INC
		DATE OF NAME CHANGE:	19990913
</SEC-HEADER>
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        <issuerName>BGC Group, Inc.</issuerName>
        <issuerTradingSymbol>BGCP</issuerTradingSymbol>
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            <rptOwnerName>CF GROUP MANAGEMENT INC</rptOwnerName>
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            <rptOwnerStreet1>C/O BGC GROUP, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>499 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW  YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOther>true</isOther>
            <otherText>Managing General Partner CFLP</otherText>
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        <nonDerivativeTransaction>
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                    <value>See footnotes</value>
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        </nonDerivativeTransaction>
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    <derivativeTable>
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                    <footnoteId id="F8"/>
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            <expirationDate>
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            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Class A or Class B Common Stock, par value $0.01 per share</value>
                    <footnoteId id="F7"/>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>143885</value>
                    <footnoteId id="F7"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>BGC Holdings Exchangeable Limited Partnership Interests</value>
                <footnoteId id="F10"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F7"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-06-30</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F10"/>
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                <transactionShares>
                    <value>5605547</value>
                    <footnoteId id="F11"/>
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                <transactionPricePerShare>
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            <expirationDate>
                <footnoteId id="F7"/>
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                <underlyingSecurityTitle>
                    <value>Class A or Class B Common Stock, par value $0.01 per share</value>
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                    <footnoteId id="F7"/>
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                    <footnoteId id="F9"/>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>See footnotes</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>BGC Holdings Exchangeable Limited Partnership Interests</value>
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                <footnoteId id="F2"/>
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                <footnoteId id="F7"/>
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                <footnoteId id="F7"/>
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                    <footnoteId id="F7"/>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>See footnotes</value>
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                </natureOfOwnership>
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    <footnotes>
        <footnote id="F1">On July 1, 2023, BGC Partners, Inc. (&quot;BGC Partners&quot;) and BGC Holdings, L.P. (&quot;BGC Holdings&quot;), along with certain other affiliated entities, completed a corporate conversion (the &quot;Corporate Conversion&quot;) pursuant to the Corporate Conversion Agreement, dated as of November 15, 2022, as amended as of March 29, 2023 (the &quot;Corporate Conversion Agreement&quot;).  Upon completion of the Corporate Conversion, BGC Partners became a wholly owned subsidiary of its new public holding company, BGC Group, Inc. (&quot;BGC Group&quot;), and (i) each share of BGC Partners Class A common stock, par value $0.01 per share (&quot;Class A Common Stock&quot;) outstanding as of immediately prior to the Corporate Conversion was converted into one share of BGC Group Class A common stock, par value $0.01 per share,</footnote>
        <footnote id="F2">(Continued from footnote 1) (ii) each share of BGC Partners Class B common stock, par value $0.01 per share (&quot;Class B Common Stock&quot;), outstanding as of immediately prior to the Corporate Conversion was converted into one share of BGC Group Class B common stock, par value $0.01 per share (&quot;BGC Group Class B Common Stock&quot;), and (iii) each unit of BGC Holdings exchangeable limited partnership interests held by Cantor Fitzgerald, L.P. (&quot;CFLP&quot;) (such interests collectively, &quot;Interests&quot;) outstanding as of immediately prior to the Corporate Conversion was converted into one share of BGC Group Class B Common Stock, in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;). The transactions reported herein were approved by the Board of Directors of BGC Partners and the Compensation Committee thereof.</footnote>
        <footnote id="F3">The shares of Class A Common Stock held directly by CF Group Management, Inc. (&quot;CFGM&quot;) consist of 2,210,872 shares receivable by CFGM pursuant to deferred stock distribution rights provided to certain current and former partners of CFLP on April 1, 2008 (&quot;April 2008 distribution rights shares&quot;) and February 14, 2012 (&quot;February 2012 distribution rights shares&quot;) (consisting of 2,050,197 April 2008 distribution rights shares and 160,675 February 2012 distribution rights shares).</footnote>
        <footnote id="F4">The shares of Class B Common Stock were convertible at any time on a one-for-one basis (subject to adjustment) into shares of Class A Common Stock.</footnote>
        <footnote id="F5">CFGM is the Managing General Partner of CFLP. CFGM disclaims beneficial ownership of all such securities in excess of its pecuniary interest, if any, and this report shall not be deemed an admission that CFGM is the beneficial owner of, or has pecuniary interest in, any such excess securities for purposes of Section 16 of the Exchange Act or for any other purpose.</footnote>
        <footnote id="F6">On June 30, 2023, CFLP purchased from BGC Holdings an aggregate of 143,885 Interests in a transaction exempt pursuant to Rule 16b-3 under the Exchange Act, in accordance with the Second Amended and Restated Agreement of Limited Partnership of BGC Holdings, as amended (the &quot;BGC Holdings Agreement&quot;).</footnote>
        <footnote id="F7">The exchange rights with respect to the Interests were exercisable at any time for shares of Class B Common Stock (or, at CFLP's option, shares of Class A Common Stock), on a one-for-one basis (subject to adjustment).</footnote>
        <footnote id="F8">Includes 143,885 Interests purchased from BGC Holdings pursuant to Sections 12.02 and 12.03 of the BGC Holdings Agreement as a result of the redemption of 143,885 non-exchangeable founding partner units for aggregate consideration of $285,421.</footnote>
        <footnote id="F9">Includes Interests that may be exchanged for an aggregate of 15,756,625 shares of Class A Common Stock to satisfy CFLP's deferred share distribution obligations pursuant to the April 2008 distribution rights shares and the February 2012 distribution rights shares.</footnote>
        <footnote id="F10">On June 30, 2023, CFLP purchased from BGC Holdings an aggregate of 5,605,547 Interests in a transaction exempt pursuant to Rule 16b-3 under the Exchange Act, in accordance with the BGC Holdings Agreement and the Corporate Conversion Agreement.</footnote>
        <footnote id="F11">Includes 5,281,324 Interests purchased from BGC Holdings pursuant to Sections 12.02 and 12.03 of the BGC Holdings Agreement and the Corporate Conversion Agreement as a result of the redemption of 5,281,324 non-exchangeable founding partner units for an aggregate consideration of $9,430,351, and 324,223 Interests purchased from BGC Holdings pursuant to Section 8.08 of the BGC Holdings Agreement and the Corporate Conversion Agreement for an aggregate consideration of $598,712 as a result of the exchange of 324,223 exchangeable founding partner units.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Howard W. Lutnick, Chairman and Chief Executive Officer</signatureName>
        <signatureDate>2023-07-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
