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CBRE Insider Caplan Offloads 6.9% Stake, Retains 50K Shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

CBRE (NYSE:CBRE) filed a Form 4 disclosing that Chief Accounting Officer Lindsey S. Caplan sold 3,432 Class A shares on 24 Jun 2025 at $140, generating about $0.48 million.

After the sale, Caplan directly owns 20,130.7861 shares and indirectly—through a spouse and 401(k) plans—another 29,840.7 shares, leaving an aggregate stake of roughly 50 K shares.

  • The transaction equals approximately 6.9 % of Caplan’s total reported holdings.
  • No derivative activity or acquisitions were reported.
  • The filing does not reference a Rule 10b5-1 trading plan.

While immaterial to CBRE’s capital structure, a mid-level finance executive trimming a meaningful portion of personal holdings may serve as a mildly negative sentiment signal for near-term investors.

Positive

  • None.

Negative

  • Chief Accounting Officer sold 3,432 shares (~6.9 % of personal holdings) for approximately $0.48 M, a discretionary sale that may signal weaker insider confidence.

Insights

TL;DR: CAO’s 6.9 % share sale is a small but negative insider signal

Caplan’s $0.48 M disposal exceeds 5 % of personal ownership, the threshold many quantitative screens flag as noteworthy. The absence of a 10b5-1 plan suggests discretionary timing, potentially reflecting the executive’s near-term view of valuation. Although the dollar amount is modest against CBRE’s market cap, finance-function sales can precede earnings volatility. One isolated transaction rarely shifts fundamentals, yet investors should monitor for clustering by other insiders or additional sales by Caplan. If that pattern emerges, the probability of a deteriorating outlook rises; if not, the event may simply reflect personal liquidity needs.

Insider Caplan Lindsey S
Role Chief Accounting Officer
Sold 3,432 shs ($480K)
Type Security Shares Price Value
Sale Class A Common Stock 1,935 $140.00 $271K
Sale Class A Common Stock 1,497 $140.00 $210K
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 20,130.786 shares (Direct); Class A Common Stock — 28,211 shares (Indirect, By Spouse)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Caplan Lindsey S
(Last) (First) (Middle)
2121 NORTH PEARL STREET
SUITE 300
(Street)
DALLAS TX 75201
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CBRE GROUP, INC. [ CBRE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/24/2025 S 1,935 D $140 20,130.7861 D
Class A Common Stock 06/24/2025 S 1,497 D $140 28,211 I By Spouse
Class A Common Stock 763.4485(1) I By 401(k) Plan
Class A Common Stock 865.2223(1) I By Spouse, By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The number of shares of common stock held in the Issuer's 401(k) plan reported above is based on a plan statement as of May 30, 2025.
Remarks:
caplanpoa.txt
/s/ Andria Iles, Attorney-in-Fact for Lindsey S. Caplan 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many CBRE shares did the Chief Accounting Officer sell on June 24, 2025?

Lindsey S. Caplan sold 3,432 Class A shares according to the Form 4.

What was the average sale price for the CBRE shares sold by Caplan?

The reported sale price was $140 per share.

What percentage of Caplan's CBRE holdings were sold in this transaction?

The sale represents about 6.9 % of the insider’s total reported ownership.

How many CBRE shares does Caplan still own after the June 24, 2025 sale?

Caplan retains roughly 50,000 shares (20,130.7861 directly and 29,840.7 indirectly).

Was the sale executed under a Rule 10b5-1 trading plan?

The Form 4 does not indicate that the sale was made under a Rule 10b5-1 plan.