On May 16, 2025, Newmark Group agreed to purchase 10,969,523 shares of Class A Common Stock from Howard W. Lutnick at $11.58 per share as part of his divestment to comply with U.S. government ethics rules due to his appointment as Secretary of Commerce. Additionally, Lutnick's voting shares were sold to trusts controlled by Brandon G. Lutnick, impacting 58.5% of voting power in the company.