Stephen Cavoli - Feb 2, 2024 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role
EVP
Signature
/s/ Justin Waldie, as Attorney-in-Fact
Stock symbol
VIRT
Transactions as of
Feb 2, 2024
Transactions value $
$0
Form type
4
Date filed
2/6/2024, 05:52 PM
Previous filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIRT Class A common stock Award +20.6K +14.01% 168K Feb 2, 2024 Direct F1
transaction VIRT Class A common stock Tax liability -10.5K -6.27% 157K Feb 2, 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +8.13K +5.17% 165K Feb 3, 2024 Direct F3
transaction VIRT Class A common stock Tax liability -4.15K -2.51% 161K Feb 3, 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +11.6K +7.19% 173K Feb 3, 2024 Direct F3
transaction VIRT Class A common stock Tax liability -5.92K -3.42% 167K Feb 3, 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 +30.9K +34.94% $0.00 119K Feb 2, 2024 Class A common stock 30.9K Direct F4, F5
transaction VIRT Restricted Stock Unit Options Exercise $0 -8.13K -6.81% $0.00 111K Feb 3, 2024 Class A common stock 8.13K Direct F4, F6
transaction VIRT Restricted Stock Unit Options Exercise $0 -11.6K -10.41% $0.00 99.7K Feb 3, 2024 Class A common stock 11.6K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of $16.9755.
F2 Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs 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 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 in equal installments on February 2, 2025, February 2, 2026, and February 2, 2027.
F6 The RSUs vested on February 3, 2024.