Stephen Cavoli - 02 Feb 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
02 Feb 2024
Net transactions value
$0
Form type
4
Filing time
06 Feb 2024, 17:52:08 UTC
Previous filing
02 Feb 2024
Next filing
04 Feb 2025
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 Award +20,618 +14% 167,795 02 Feb 2024 Direct F1
transaction VIRT Class A common stock Tax liability -10,526 -6.3% 157,269 02 Feb 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +8,131 +5.2% 165,400 03 Feb 2024 Direct F3
transaction VIRT Class A common stock Tax liability -4,151 -2.5% 161,249 03 Feb 2024 Direct F2
transaction VIRT Class A common stock Options Exercise +11,588 +7.2% 172,837 03 Feb 2024 Direct F3
transaction VIRT Class A common stock Tax liability -5,916 -3.4% 166,921 03 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 +30,927 +35% $0.000000 119,452 02 Feb 2024 Class A common stock 30,927 Direct F4, F5
transaction VIRT Restricted Stock Unit Options Exercise $0 -8,131 -6.8% $0.000000 111,321 03 Feb 2024 Class A common stock 8,131 Direct F4, F6
transaction VIRT Restricted Stock Unit Options Exercise $0 -11,588 -10% $0.000000 99,733 03 Feb 2024 Class A common stock 11,588 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 relation to the settlement of vested RSUs 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 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.