Sean Galvin - Aug 12, 2022 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: CFO
Signature: /s/ Justin Waldie, as Attorney-in-Fact
Stock symbol: VIRT
Transactions as of: Aug 12, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/7/2023, 07:52 PM
Previous filing: Apr 15, 2022
Next filing: Aug 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIRT	Class A common stock	Options Exercise		+4.41K	+59.57%		11.8K	Aug 12, 2022	Direct	F1
transaction	VIRT	Class A common stock	Options Exercise		+2.34K	+19.81%		14.2K	Feb 3, 2023	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-844	-5.96%		13.3K	Feb 3, 2023	Direct	F2
transaction	VIRT	Class A common stock	Options Exercise		+15K	+112.65%		28.3K	Feb 3, 2023	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-5.41K	-19.1%		22.9K	Feb 3, 2023	Direct	F2
transaction	VIRT	Class A common stock	Award		+6.59K	+28.78%		29.5K	Feb 3, 2023	Direct	F3
transaction	VIRT	Class A common stock	Tax liability		-2.38K	-8.06%		27.1K	Feb 3, 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	-4.41K	-7.25%	$0.00	56.4K	Aug 12, 2022	Class A common stock	4.41K		Direct	F4, F5
transaction	VIRT	Restricted Stock Unit	Award	$0	+9.89K	+17.52%	$0.00	66.3K	Feb 3, 2023	Class A common stock	9.89K		Direct	F4, F6
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-2.34K	-3.53%	$0.00	64K	Feb 3, 2023	Class A common stock	2.34K		Direct	F4, F7
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-15K	-23.44%	$0.00	49K	Feb 3, 2023	Class A common stock	15K		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.