Sean Galvin - Feb 2, 2024 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
Feb 2, 2024
Transactions value $
$0
Form type
4
Date filed
2/6/2024, 05:47 PM
Previous 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 Award +5.3K +17.81% 35.1K Feb 2, 2024 Direct F1
transaction VIRT Class A common stock Tax liability -1.91K -5.45% 33.2K Feb 2, 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +2.34K +7.06% 35.5K Feb 3, 2024 Direct F3
transaction VIRT Class A common stock Tax liability -845 -2.38% 34.7K Feb 3, 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +15K +43.28% 49.7K Feb 3, 2024 Direct F3
transaction VIRT Class A common stock Tax liability -5.41K -10.89% 44.3K Feb 3, 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +3.3K +7.45% 47.5K Feb 3, 2024 Direct F3
transaction VIRT Class A common stock Tax liability -1.19K -2.5% 46.4K Feb 3, 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 +7.95K +17.84% $0.00 52.5K Feb 2, 2024 Class A common stock 7.95K Direct F4, F5
transaction VIRT Restricted Stock Unit Options Exercise $0 -2.34K -4.46% $0.00 50.2K Feb 3, 2024 Class A common stock 2.34K Direct F4, F6
transaction VIRT Restricted Stock Unit Options Exercise $0 -15K -29.89% $0.00 35.2K Feb 3, 2024 Class A common stock 15K Direct F4, F6
transaction VIRT Restricted Stock Unit Options Exercise $0 -3.3K -9.37% $0.00 31.9K Feb 3, 2024 Class A common stock 3.3K 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 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 $16.9755.
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 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 vest in equal installments on February 2, 2025, February 2, 2026, and February 2, 2027.
F6 The RSUs vested on February 3, 2024.