Amendment No. 20A to Schedule 13D for BGC Group, Inc.

Amendment No. 20A to Schedule 13D for BGC Group, Inc. details the completion of Howard W. Lutnick's divestiture of his holdings in the company following his appointment as U.S. Secretary of Commerce. The amendment outlines several transactions, including the sale of voting shares of CF Group Management, Inc. (CFGM) to trusts controlled by Brandon G. Lutnick, the sale of interests in Tangible Benefits, LLC, and KBCR Management Partners, LLC to other trusts controlled by Brandon G. Lutnick, and the sale of Class B Common Stock to Cantor Fitzgerald, L.P. (CFLP). These transactions, which closed on October 6, 2025, resulted in Brandon G. Lutnick being deemed to beneficially own 75.1% of the total voting power of the outstanding Common Stock of BGC Group, while Howard W. Lutnick no longer has any beneficial ownership. The amendment also includes a Voting and Transfer Agreement among Brandon G. Lutnick, Kyle S. Lutnick, Casey J. Lutnick, and Ryan G. Lutnick, which governs the voting and transfer of equity securities in BGC Group and other related entities.