Joseph Molluso - Jan 31, 2024 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Co-President & Co-COO
Signature: /s/ Justin Waldie, as Attorney-in-Fact
Stock symbol: VIRT
Transactions as of: Jan 31, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/2/2024, 05:49 PM
Previous filing: Sep 13, 2023
Next filing: Feb 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIRT	Class A common stock	Options Exercise		+37.5K	+10.47%		396K	Jan 31, 2024	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-20K	-5.06%		376K	Jan 31, 2024	Direct	F2
transaction	VIRT	Class A common stock	Options Exercise		+9.04K	+2.41%		385K	Feb 1, 2024	Direct	F3
transaction	VIRT	Class A common stock	Tax liability		-5K	-1.3%		380K	Feb 1, 2024	Direct	F2

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	Restricted Stock Unit	Award	$0	+37.5K	+62.43%	$0.00	97.6K	Jan 31, 2024	Class A common stock	37.5K		Direct	F4, F5
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-9.04K	-9.27%	$0.00	88.5K	Feb 1, 2024	Class A common stock	9.04K		Direct	F6, F7
holding	VIRT	Deferred Stock Unit						47.6K	Jan 31, 2024	Class A common stock	47.6K		Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2023. The restricted shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.
F2	Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan
F3	Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan
F4	37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023. 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.
F5	The RSUs vest on January 31, 2025.
F6	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.
F7	The RSUs vest in three equal annual installments on February 1, 2022, February 1, 2023, and February 1, 2024.
F8	Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 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.
F9	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.