Joseph Molluso - Feb 3, 2023 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Co-President & Co-COO
Signature: Justin Waldie, as Attorney-in-Fact
Stock symbol: VIRT
Transactions as of: Feb 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/7/2023, 07:54 PM
Previous filing: Feb 2, 2023
Next filing: Sep 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VIRT	Class A common stock						343K	Feb 3, 2023	Direct

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	Deferred Stock Unit	Award	$0	+23.2K	+142.52%	$0.00	39.4K	Feb 3, 2023	Class A common stock	23.2K		Direct	F1, F2
transaction	VIRT	Restricted Stock Unit	Award	$0	+34.8K	+103.98%	$0.00	68.2K	Feb 3, 2023	Class A common stock	34.8K		Direct	F3, F4
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-8.13K	-11.92%	$0.00	60.1K	Feb 3, 2023	Class A common stock	8.13K		Direct	F3, F5
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+8.13K	+20.61%	$0.00	47.6K	Feb 3, 2023	Class A common stock	8.13K		Direct	F2, F6

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

Explanation of Responses:

Id	Content
F1	Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 23,177 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.
F2	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.
F3	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.
F4	The RSUs vest in three equal annual installments on February 3, 2024, February 1, 2025, and February 1, 2026.
F5	The RSUs vested on February 3, 2023.
F6	DSUs credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 8,130 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.