Stephen Cavoli - 03 Feb 2023 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role
EVP
Signature
/s/ Justin Waldie, as Attorney-in-Fact
Issuer symbol
VIRT
Transactions as of
03 Feb 2023
Net transactions value
$0
Form type
4
Filing time
07 Feb 2023, 19:57:49 UTC
Previous filing
02 Feb 2023
Next filing
02 Feb 2024
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 +8,130 +7.5% 116,078 03 Feb 2023 Direct F1
transaction VIRT Class A common stock Tax liability -4,151 -3.6% 111,927 03 Feb 2023 Direct F2
transaction VIRT Class A common stock Award +23,177 +21% 135,104 03 Feb 2023 Direct F3
transaction VIRT Class A common stock Tax liability -11,832 -8.8% 123,272 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 -8,130 -25% $0.000000 24,760 03 Feb 2023 Class A common stock 8,130 Direct F4, F5
transaction VIRT Restricted Stock Unit Award $0 +34,764 +140% $0.000000 59,524 03 Feb 2023 Class A common stock 34,764 Direct F4, F6
* 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 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 February 3, 2023.
F6 The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026.