Joseph Molluso - 31 Jan 2023 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Co-President & Co-COO
Signature: Justin Waldie, as Attorney-in-Fact
Issuer symbol: VIRT
Transactions as of: 31 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Feb 2023, 17:48:08 UTC
Previous filing: 26 Jan 2023
Next filing: 07 Feb 2023
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		+50,000	+16%		366,769	31 Jan 2023	Direct	F1, F2
transaction	VIRT	Class A common stock	Tax liability		-27,650	-7.5%		339,119	31 Jan 2023	Direct	F3
transaction	VIRT	Class A common stock	Options Exercise		+9,042	+2.7%		348,161	01 Feb 2023	Direct	F4
transaction	VIRT	Class A common stock	Tax liability		-5,001	-1.4%		343,160	01 Feb 2023	Direct	F5

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	-9,042	-21%	$0.000000	33,433	01 Feb 2023	Class A common stock	9,042		Direct	F6, F7
holding	VIRT	Deferred Stock Unit						16,262	31 Jan 2023	Class A common stock	16,262		Direct	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	50,000 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2022.
F2	Restricted shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.
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	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.
F5	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.
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 vested on January 31, 2023.
F8	Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 16,262 Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.
F9	The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.