Justin Peterson - Feb 24, 2022 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role: Chief Technology Officer
Signature: /s/ Scott Zucker, Attorney-in-Fact for Justin Peterson
Stock symbol: TW
Transactions as of: Feb 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/25/2022, 05:09 PM
Previous filing: Jan 5, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TW	Class A common stock	Award	$0	+14.8K	+31.96%	$0.00	61.2K	Feb 24, 2022	Direct	F1, 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	TW	Stock Option (Right to Buy)	Award	$0	+66.4K	+206.78%	$0.00	98.6K	Feb 24, 2022	Class A common stock	66.4K	$20.59	Direct	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	The reported transaction reflects the acquisition of performance-based restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that were granted to the reporting person on March 15, 2021, subject to the achievement of certain performance goals in respect of calendar year 2021. Those performance goals were deemed achieved at the maximum performance level on February 24, 2022. These RSUs remain unvested and are scheduled to vest on January 1, 2024, subject to the reporting person's continued employment through such date.
F2	This amount includes (i) 8,575 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on each of March 17, 2022, and March 17, 2023, (ii) 25,726 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2023, (iii) 10,113 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 15, 2021, and (iv) 14,832 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2024, in each case subject to the reporting person's continued employment through the applicable vesting date.
F3	The reported transaction reflects the acquisition of options that were granted to the reporting person on October 26, 2018, subject to the achievement of certain performance goals in respect of calendar year 2021 which were deemed achieved on February 24, 2022.
F4	The option is fully vested and exercisable as of the date hereof.
F5	This amount reflects the options reported on this Form 4 in addition to 32,124 options that were granted on October 26, 2018 and previously reported by the reporting person, all of which are currently vested and exercisable.