Stephen Cavoli - 31 Jan 2024 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
31 Jan 2024
Net transactions value
$0
Form type
4
Filing time
02 Feb 2024, 17:48:37 UTC
Previous filing
07 Feb 2023
Next filing
06 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 +37,500 +30% 160,772 31 Jan 2024 Direct F1
transaction VIRT Class A common stock Tax liability -17,755 -11% 143,017 31 Jan 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +8,499 +5.9% 151,516 01 Feb 2024 Direct F3
transaction VIRT Class A common stock Tax liability -4,339 -2.9% 147,177 01 Feb 2024 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 Award $0 +37,500 +151% $0.000000 62,260 31 Jan 2024 Class A common stock 37,500 Direct F4, F5
transaction VIRT Restricted Stock Unit Options Exercise $0 -8,499 -14% $0.000000 53,761 01 Feb 2024 Class A common stock 8,499 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2023. The restricted shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Steven Cavoli.
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 issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.
F4 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023. 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 vest on January 31, 2025.
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 February 1, 2024.