MarketPeel
Insider Trading Intelligence
SM

Stephen M. Merkel

NMRK
EVP AND CHIEF LEGAL OFFICER · NEWMARK GROUP, INC. · CIK 0001251144
FILING MIX · LIFETIME48%/52%
BUYS
10
SELLS
11
TOTAL VALUE
$3.28M
COMPANIES
2
ACTIVE SINCE
Nov 2020
HOLDINGS NOW
212,317
AVG SELL PX
$11.81
TRADE KIND
SHOWING 21 / 21
Trades · vs SPY
Loading price series…
Performance · forward returns vs SPY
3 backtested trades · 8 horizonsHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Stephen M. Merkel, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d3+100.00%-4.41%+0.92%-5.33%-4.70%
14d3+66.67%-4.17%+0.59%-4.76%-3.78%
30d3+33.33%+4.20%+3.49%+0.71%-0.78%
60d3+33.33%+3.06%+8.33%-5.27%-6.79%
90d3+0.00%+11.92%+10.75%+1.17%-1.08%
180d3+33.33%+35.13%+17.39%+17.74%+5.38%
1y3+0.00%+64.75%+28.28%+36.46%+4.21%
2y3+0.00%+35.35%+33.92%+1.43%+9.66%
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
NMRK · 0 shares · as of Feb 25, 2026
018,19136,38254,57272,763202120222023202420252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2020
2021
2021
2021
2021
2022
2022
2022
2022
2023
2023
2023
2023
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 10 buys / 11 sellsCOVERAGE · 23 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
BGC
BGC GROUP, INC.
SALE
Chairman of the Board & GC
16,576$9.84$163.1K195,741Apr 1, 2026Apr 1, 2026View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
77,882$9.84$766.4K212,317Apr 1, 2026Apr 1, 2026View →
NMRK
NEWMARK GROUP, INC.
SALE
Chairman of the Board & CLO
59,601$14.65$873.2K0Feb 25, 2026Feb 26, 2026View →
BGC
BGC GROUP, INC.
SALE
Chairman of the Board & GC
16,511$9.21$152.1K134,435Oct 3, 2025Oct 6, 2025View →
NMRK
NEWMARK GROUP, INC.
PURCHASEGRANT
Stock grant
68,30272,763Jul 29, 2025Jul 31, 2025View →
NMRK
NEWMARK GROUP, INC.
SALE
Chairman of the Board & CLO
13,158$14.37$189.1K59,605Jul 29, 2025Jul 31, 2025View →
BGC
BGC GROUP, INC.
SALE
Chairman of the Board & GC
8,529$9.22$78.6K150,946Apr 1, 2025Apr 1, 2025View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
72,751159,475Apr 1, 2025Apr 1, 2025View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
77,10686,724Apr 1, 2024Apr 1, 2024View →
NMRK
NEWMARK GROUP, INC.
SALE
EVP and Chief Legal Officer
35,0064,461Jan 2, 2024Jan 3, 2024View →
BGC
BGC GROUP, INC.
SALE
EVP and General Counsel
136,8919,618Jan 2, 2024Jan 3, 2024View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
6,2586,258Jul 1, 2023Jul 3, 2023View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
43,01243,012Jul 1, 2023Jul 3, 2023View →
BGC
BGC GROUP, INC.
PURCHASEGRANT
Stock grant
136,891136,891Jul 1, 2023Jul 3, 2023View →
NMRK
NEWMARK GROUP, INC.
PURCHASEGRANT
Stock grant
48,07248,072Jun 28, 2021Jun 30, 2021View →
NMRK
NEWMARK GROUP, INC.
SALE
EVP and Chief Legal Officer
13,06635,006Jun 28, 2021Jun 30, 2021View →
NMRK
NEWMARK GROUP, INC.
SALE
EVP and Chief Legal Officer
68,727$10.67$733.3K0Apr 27, 2021Apr 29, 2021View →
NMRK
NEWMARK GROUP, INC.
PURCHASEGRANT
Stock grant
68,72768,727Apr 27, 2021Apr 29, 2021View →
NMRK
NEWMARK GROUP, INC.
PURCHASEGRANT
Stock grant
28,96228,962Mar 16, 2021Apr 29, 2021View →
NMRK
NEWMARK GROUP, INC.
SALE
EVP and Chief Legal Officer
28,962$11.09$321.2K0Mar 16, 2021Apr 29, 2021View →
NMRK
NEWMARK GROUP, INC.
SALE
EVP and Chief Legal Officer
1,043$6.63$6.9K0Nov 9, 2020Mar 5, 2021View →
Other insiders · NMRK
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About this filer
CIK 0001251144
ROLE
EVP and Chief Legal Officer
PRIMARY
NMRK
COMPANIES
2
ACTIVE SINCE
Nov 2020
MARKETPEEL · /INSIDER/0001251144DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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