Sean Galvin - 12 Aug 2021 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role
CFO
Signature
/s/ Justin Waldie, as Attorney-in-Fact
Issuer symbol
VIRT
Transactions as of
12 Aug 2021
Net transactions value
$0
Form type
4
Filing time
07 Feb 2022, 20:52:06 UTC
Next filing
15 Apr 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 +4,412 4,412 12 Aug 2021 Direct F1
transaction VIRT Class A common stock Award +4,684 +106% 9,096 03 Feb 2022 Direct F2
transaction VIRT Class A common stock Tax liability -1,689 -19% 7,407 03 Feb 2022 Direct F3

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 -4,412 -33% $0.000000 8,824 12 Aug 2021 Class A common stock 4,412 Direct F4, F5
transaction VIRT Restricted Stock Unit Award $0 +7,024 +80% $0.000000 15,848 03 Feb 2022 Class A common stock 7,024 Direct F6, F7, F8
* 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 granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of 30.7486.
F3 Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
F4 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.
F5 The RSUs vested on August 12, 2021.
F6 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.
F7 The RSUs vest in three equal installments on February 3, 2023, February 3, 2024, and February 3, 2025.
F8 8,824 of the RSUs vest in two equal annual installments on August 12, 2022 and August 12, 2023.