Sean Galvin - 12 Aug 2022 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 2022
Net transactions value
$0
Form type
4
Filing time
07 Feb 2023, 19:52:42 UTC
Previous filing
15 Apr 2022
Next filing
14 Aug 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 +4,412 +60% 11,819 12 Aug 2022 Direct F1
transaction VIRT Class A common stock Options Exercise +2,341 +20% 14,160 03 Feb 2023 Direct F1
transaction VIRT Class A common stock Tax liability -844 -6% 13,316 03 Feb 2023 Direct F2
transaction VIRT Class A common stock Options Exercise +15,000 +113% 28,316 03 Feb 2023 Direct F1
transaction VIRT Class A common stock Tax liability -5,408 -19% 22,908 03 Feb 2023 Direct F2
transaction VIRT Class A common stock Award +6,593 +29% 29,501 03 Feb 2023 Direct F3
transaction VIRT Class A common stock Tax liability -2,377 -8.1% 27,124 03 Feb 2023 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 -4,412 -7.3% $0.000000 56,436 12 Aug 2022 Class A common stock 4,412 Direct F4, F5
transaction VIRT Restricted Stock Unit Award $0 +9,888 +18% $0.000000 66,324 03 Feb 2023 Class A common stock 9,888 Direct F4, F6
transaction VIRT Restricted Stock Unit Options Exercise $0 -2,341 -3.5% $0.000000 63,983 03 Feb 2023 Class A common stock 2,341 Direct F4, F7
transaction VIRT Restricted Stock Unit Options Exercise $0 -15,000 -23% $0.000000 48,983 03 Feb 2023 Class A common stock 15,000 Direct F4, 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 withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
F3 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 $19.4164.
F4 Each restricted stock unit ("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, 2022.
F6 The RSUs vest in three equal annual installments on February 3, 2024, February 3, 2025, and February 3, 2026.
F7 The RSUs vested on February 3, 2023.
F8 The RSUs vested on February 3, 2023. An additional 30,000 RSUs will vest in equal installments on February 3, 2024 and February 3, 2025.