BGC Group, Inc. — Director's Dealing 2021

May 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BGC Partners, Inc. (BGCP)
CIK: 0001094831
Period of Report: 2021-04-29

Reporting Person: MERKEL STEPHEN M (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-29	Class A Common Stock, par value $0.01 per share	A	108350	—	Acquired	108350	Direct
2021-04-29	Class A Common Stock, par value $0.01 per share	D	108350	$5.29	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock, par value $0.01 per share	6258	Indirect
Class A Common Stock, par value $0.01 per share	36010	Indirect

Footnotes

F1: On April 29, 2021, BGC Partners, Inc. (the "Company") granted to the reporting person 108,350 shares of its Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), following the redemption of an aggregate of 108,350 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") held by the reporting person for zero. The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended ("Rule 16b-3").

F2: On April 29, 2021, the reporting person sold these shares of Class A Common Stock to the Company in an exempt transaction pursuant to Rule 16b-3. The sale price per share was the closing price of the Class A Common Stock on April 29, 2021. The transaction was approved by the Compensation Committee.

F3: Represents shares of Class A Common Stock held in trusts for the benefit of the reporting person's immediate family, of which the reporting person's spouse is the sole trustee of each trust and the reporting person has the power to remove and replace such trustee.

F4: Represents shares of the Class A Common Stock held in the reporting person's 401(k) account as of March 31, 2021.