Stephen Cavoli - May 3, 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
May 3, 2022
Transactions value $
-$2,619,201
Form type
4
Date filed
5/5/2022, 08:27 PM
Previous filing
Feb 7, 2022
Next filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIRT Class A common stock Sale -$576K -20K -12.25% $28.80 143K May 3, 2022 Direct F1
transaction VIRT Class A common stock Sale -$606K -20.7K -14.44% $29.30 123K May 4, 2022 Direct F2
transaction VIRT Class A common stock Sale -$570K -19.3K -15.75% $29.52 103K May 4, 2022 Direct F3
transaction VIRT Class A common stock Sale -$867K -30K -29.05% $28.90 73.3K May 5, 2022 Direct F4

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
holding VIRT Restricted Stock Unit 51.4K May 3, 2022 Class A common stock 51.4K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $28.65 to $29.02. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $28.61 to $29.475. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $29.48 to $29.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades at prices ranging from $28.58 to $29.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 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.
F6 9,970 of the RSUs vest on January 24, 2023. 16,999 of the RSUs vest in two installments on February 1, 2023 and February 1, 2024. 4. 24,391 of the RSUSs vest in three equal installments on February 3, 2023, February 3, 2024, and February 3, 2025.