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Arthur U. Mbanefo, a board member at BGC Group Inc., sold a total of 30,356 shares of the company’s Class A common stock on June 10. The sale was split between a direct buyback by the company and a separate open market transaction.
BGC Group repurchased 12,205 shares from Mbanefo at $9.75 per share. The buyback was executed at the closing market price and approved by the company’s audit committee under its existing repurchase program.
Mbanefo also sold 18,151 shares on the open market at an average price of $9.77 per share. The sale took place within a narrow price band between $9.75 and $9.82.
According to the filing, he is prepared to provide the exact breakdown of each trade upon request from regulators or shareholders.
Following these transactions, Mbanefo now holds 19,309 shares in the company. This includes 10,326 shares held directly and 8,983 restricted stock units under the company’s long-term incentive plan. Of those RSUs, 2,523 are set to vest in September 2025, another 3,937 in November 2025, and the rest in September 2026, subject to his continued service on the board.
The total value of shares sold on that day exceeds $295,000 based on the reported prices.
There is no indication of strategic shifts behind the transaction. The filing classifies the actions as routine and compliant with company and regulatory standards.