[Form 4] CBRE GROUP, INC. Insider Trading Activity

Rhea-AI Filing Summary

CBRE Group, Inc. – Form 4 (filed 31 Jul 2025)

Chief Accounting Officer Lindsey S. Caplan disclosed open-market sales executed on 29 Jul 2025:

• 1,000 Class A shares sold directly at $155.37.
• 1,494 Class A shares sold by spouse at the same price.

Total shares sold: 2,494, representing ~$0.39 million in proceeds.

Post-sale beneficial ownership:

• 19,131 shares held directly.
• 26,717 shares held indirectly via spouse.
• 401(k) plan holdings: 763 shares (self) and 865 shares (spouse).

The filing also corrects a prior Form 4 understatement of 0.2139 shares caused by a typographical error. No derivative securities were involved.

The disposal reduces Caplan’s aggregate position by < 0.5 % and is immaterial versus CBRE’s ~316 million diluted shares outstanding, but it may draw attention as insider selling by a senior finance executive.

Positive

• None.

Negative

• Insider selling: Chief Accounting Officer and spouse sold 2,494 shares (~$0.39 m), which some investors may view as a negative sentiment signal.

Insights

Equity Analyst

TL;DR: Small insider sale; modest dollar value; limited strategic signal, neutral to share value.

The CAO’s sale of 2,494 shares ($0.39 m) is minor relative to her ~47 k-share stake and negligible versus CBRE’s market cap. Such routine trimming, especially at a 52-week high, is common for diversification or tax planning. The correction of a 0.2139-share typo has no economic impact. With no accompanying option exercise, change in guidance or unusual volume, the transaction is unlikely to influence institutional models or valuation multiples. I rate impact neutral.

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)
07/29/2025

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	07/29/2025		S		1,000	D	$155.37	19,131(1)	D
Class A Common Stock	07/29/2025		S		1,494	D	$155.37	26,717	I	By Spouse
Class A Common Stock								762.8122(2)	I	By 401(k) Plan
Class A Common Stock								864.5012(2)	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. On the Reporting Person's Form 4 filed June 24, 2025, the shares of common stock were understated by 0.2139 shares, which was an inadvertent typographical error. The amount reflected here corrects that misstatement, after taking account of the reported transaction on this Form 4.

2. 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 June 30, 2025.

	/s/ Andria Iles, Attorney-in-Fact for Lindsey S. Caplan	07/31/2025
	** 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.

FAQ

How many CBRE (CBRE) shares did the CAO sell on 29 Jul 2025?

A total of 2,494 Class A shares were sold—1,000 directly by Lindsey S. Caplan and 1,494 by her spouse.

At what price were the CBRE shares sold?

All shares were sold at $155.37 per share.

What is the CAO's remaining CBRE share ownership after the sale?

Caplan now holds 19,131 shares directly, 26,717 indirectly via spouse, and about 1,629 shares in 401(k) plans.

Did the Form 4 report any derivative transactions?

No, no derivative securities were acquired or disposed of in this filing.

Why does the Form 4 mention a correction?

It corrects a 0.2139-share understatement in Caplan’s 24 Jun 2025 Form 4 caused by a typographical error.