Joseph Molluso - 02 Feb 2024 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Co-President & Co-COO
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, 17:57:05 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		+22,386	+5.9%		402,068	02 Feb 2024	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-12,380	-3.1%		389,688	02 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	+33,578	+38%	$0.000000	122,103	02 Feb 2024	Class A common stock	33,578		Direct	F3, F4
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-8,131	-6.7%	$0.000000	113,972	03 Feb 2024	Class A common stock	8,131		Direct	F3, F5
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-11,588	-10%	$0.000000	102,384	03 Feb 2024	Class A common stock	11,588		Direct	F3, F5
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+8,131	+17%	$0.000000	55,700	03 Feb 2024	Class A common stock	8,131		Direct	F6, F7
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+11,588	+21%	$0.000000	67,288	03 Feb 2024	Class A common stock	11,588		Direct	F6, F7

* 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	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 equal annual installments on February 2, 2025, February 2, 2026, and February 2, 2027.
F5	The RSUs vested on February 3, 2024.
F6	Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for 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.
F7	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.