Joseph Molluso - Feb 3, 2023 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role
Co-President & Co-COO
Signature
Justin Waldie, as Attorney-in-Fact
Stock symbol
VIRT
Transactions as of
Feb 3, 2023
Transactions value $
$0
Form type
4
Date filed
2/7/2023, 07:54 PM
Previous filing
Feb 2, 2023
Next filing
Sep 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VIRT Class A common stock 343K Feb 3, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIRT Deferred Stock Unit Award $0 +23.2K +142.52% $0.00 39.4K Feb 3, 2023 Class A common stock 23.2K Direct F1, F2
transaction VIRT Restricted Stock Unit Award $0 +34.8K +103.98% $0.00 68.2K Feb 3, 2023 Class A common stock 34.8K Direct F3, F4
transaction VIRT Restricted Stock Unit Options Exercise $0 -8.13K -11.92% $0.00 60.1K Feb 3, 2023 Class A common stock 8.13K Direct F3, F5
transaction VIRT Deferred Stock Unit Options Exercise $0 +8.13K +20.61% $0.00 47.6K Feb 3, 2023 Class A common stock 8.13K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 23,177 Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.
F2 The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.
F3 Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
F4 The RSUs vest in three equal annual installments on February 3, 2024, February 1, 2025, and February 1, 2026.
F5 The RSUs vested on February 3, 2023.
F6 DSUs credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 8,130 RSUs granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.