Joseph Molluso - Feb 2, 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: Feb 2, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/6/2024, 05:57 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		+22.4K	+5.9%		402K	Feb 2, 2024	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-12.4K	-3.08%		390K	Feb 2, 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	+33.6K	+37.93%	$0.00	122K	Feb 2, 2024	Class A common stock	33.6K		Direct	F3, F4
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-8.13K	-6.66%	$0.00	114K	Feb 3, 2024	Class A common stock	8.13K		Direct	F3, F5
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-11.6K	-10.17%	$0.00	102K	Feb 3, 2024	Class A common stock	11.6K		Direct	F3, F5
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+8.13K	+17.09%	$0.00	55.7K	Feb 3, 2024	Class A common stock	8.13K		Direct	F6, F7
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+11.6K	+20.8%	$0.00	67.3K	Feb 3, 2024	Class A common stock	11.6K		Direct	F6, F7

* 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	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 equal annual installments on February 2, 2025, February 2, 2026, and February 2, 2027.
F5	The RSUs vested on February 3, 2024.
F6	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.
F7	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.