Stephen Cavoli - 23 Jan 2022 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: EVP
Signature: /s/ Justin Waldie, as Attorney-in-Fact
Issuer symbol: VIRT
Transactions as of: 23 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Jan 2022, 19:13:00 UTC
Previous filing: 04 Jan 2022
Next filing: 03 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIRT	Class A common stock	Options Exercise		+2,402	+1.7%		145,816	23 Jan 2022	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-944	-0.65%		144,872	23 Jan 2022	Direct	F2
transaction	VIRT	Class A common stock	Options Exercise		+9,970	+6.9%		154,842	24 Jan 2022	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-3,685	-2.4%		151,157	24 Jan 2022	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	Options Exercise	$0	-2,402	-5%	$0.000000	45,438	23 Jan 2022	Class A common stock	2,402		Direct	F3, F4
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-9,970	-22%	$0.000000	35,468	24 Jan 2022	Class A common stock	9,970		Direct	F3, F5, 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 issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.
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 vested on January 23, 2022.
F5	The RSUs vested on January 24, 2022.
F6	25,498 of the RSUs vest in three installments on February 1, 2022, February 1, 2023, and February 1, 2024. 9,970 of the RSUs vest on January 24, 2023.