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.