Stephen Cavoli - Jan 23, 2022 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
Jan 23, 2022
Transactions value $
$0
Form type
4
Date filed
1/25/2022, 07:13 PM
Previous filing
Jan 4, 2022
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIRT Class A common stock Options Exercise +2.4K +1.67% 146K Jan 23, 2022 Direct F1
transaction VIRT Class A common stock Tax liability -944 -0.65% 145K Jan 23, 2022 Direct F2
transaction VIRT Class A common stock Options Exercise +9.97K +6.88% 155K Jan 24, 2022 Direct F1
transaction VIRT Class A common stock Tax liability -3.69K -2.38% 151K Jan 24, 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 -2.4K -5.02% $0.00 45.4K Jan 23, 2022 Class A common stock 2.4K Direct F3, F4
transaction VIRT Restricted Stock Unit Options Exercise $0 -9.97K -21.94% $0.00 35.5K Jan 24, 2022 Class A common stock 9.97K 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.