01/30/2026 | Press release | Distributed by Public on 01/30/2026 20:45
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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CANTOR FITZGERALD, L. P. 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
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CFAC Holdings V, LLC 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
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CANTOR FITZGERALD & CO. 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
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CANTOR FITZGERALD SECURITIES 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
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CF GROUP MANAGEMENT INC 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
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Lutnick Brandon 110 EAST 59TH STREET NEW YORK, NY 10022 |
X | |||
| /s/ Brandon Lutnick | 01/30/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Brandon Lutnick, as Chief Executive Officer of CFAC Holdings V, LLC | 01/30/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Brandon Lutnick, as Chief Executive Officer of Cantor Fitzgerald, L.P. | 01/30/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Brandon Lutnick, as Chief Executive Officer of CF Group Management Inc. | 01/30/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald Securities | 01/30/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Pascal Bandelier, as Co-CEO of Cantor Fitzgerald & Co. | 01/30/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | CFAC Holdings V, LLC ("CFAC"), CF&Co. and Cantor Fitzgerald Securities ("CFS") are the record holders of the shares reported herein. Cantor Fitzgerald, L.P. ("CFLP") is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CF Group Management Inc. ("CFGM") is the managing general partner of CFLP. Brandon G. Lutnick is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting persons disclaim beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of their respective pecuniary interest, if any, and this report shall not be deemed an admission that any of them were the beneficial owners of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| (2) | Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $5.58 to $5.78. |
| (3) | Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $5.50 to $5.86. |
| (4) | Price reflects the weighted average price for the transactions reported in this line. The range of prices for the transactions reported in this line is $5.50 to $5.56 |
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Remarks: All of the sales reported herein were made by Cantor Fitzgerald & Co. ("CF&Co."). CF&Co. has agreed to disgorge to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein. CF&Co. undertakes to provide upon request by the SEC staff, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares purchased or sold at each separate price. |
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