CHRISTOPHER R. CONCANNON - 03 Apr 2023 Form 4 Insider Report for MARKETAXESS HOLDINGS INC (MKTX)

Role: Chief Executive Officer, Director
Signature: /s/ Jason Edelstein, as Attorney-in-Fact for Christopher R. Concannon
Issuer symbol: MKTX
Transactions as of: 03 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Apr 2023, 16:15:06 UTC
Previous filing: 17 Feb 2023
Next filing: 15 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MKTX	Common Stock, par value $0.003 per share	Award	$0	+2,729	+6.8%	$0.000000	42,896	03 Apr 2023	Direct	F1

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	MKTX	Performance Stock Units	Award	$0	+5,039		$0.000000	5,039	03 Apr 2023	Common Stock	5,039		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units pursuant to the Company's 2020 Equity Incentive Plan (the "Plan"). Subject to the terms of the Plan and the Restricted Stock Unit Agreement, the restricted stock units will vest in three installments of 25% on April 3, 2026, 25% on April 3, 2027 and 50% on April 3, 2028.
F2	Each performance stock unit ("PSU") granted pursuant to the Plan represents a contingent right to receive one share of the Company's common stock. 1,260 PSUs shall have a three-year performance period; 1,260 PSUs shall have a four-year performance period; and 2,519 PSUs shall have a five-year performance period. Subject to the terms of the Plan and the Performance Stock Unit Agreement, the PSUs will vest and shares of common stock shall be awarded for each performance period based upon achievement, as determined by the Company's Compensation Committee, of a compound annual growth rate performance metric, calculated using (i) a starting stock price equal to the average closing stock price of each trading day during the thirty (30) calendar days immediately preceding the Grant Date and (ii) an ending stock price equal to the average closing stock price of each trading day during the ninety (90) calendar days ending on the final day of the applicable Performance Period.

Content

Represents a grant of restricted stock units pursuant to the Company's 2020 Equity Incentive Plan (the "Plan"). Subject to the terms of the Plan and the Restricted Stock Unit Agreement, the restricted stock units will vest in three installments of 25% on April 3, 2026, 25% on April 3, 2027 and 50% on April 3, 2028.

Each performance stock unit ("PSU") granted pursuant to the Plan represents a contingent right to receive one share of the Company's common stock. 1,260 PSUs shall have a three-year performance period; 1,260 PSUs shall have a four-year performance period; and 2,519 PSUs shall have a five-year performance period. Subject to the terms of the Plan and the Performance Stock Unit Agreement, the PSUs will vest and shares of common stock shall be awarded for each performance period based upon achievement, as determined by the Company's Compensation Committee, of a compound annual growth rate performance metric, calculated using (i) a starting stock price equal to the average closing stock price of each trading day during the thirty (30) calendar days immediately preceding the Grant Date and (ii) an ending stock price equal to the average closing stock price of each trading day during the ninety (90) calendar days ending on the final day of the applicable Performance Period.