Joseph Molluso - 31 Jan 2025 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Co-President & Co-COO
Signature: Justin Waldie, as Attorney-in-Fact
Issuer symbol: VIRT
Transactions as of: 31 Jan 2025
Net transactions value: $0
Form type: 4
Filing time: 04 Feb 2025, 21:41:21 UTC
Previous filing: 06 Feb 2024
Next filing: 05 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	Options Exercise		+37,500	+9.6%		427,188	31 Jan 2025	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-20,737	-4.9%		406,451	31 Jan 2025	Direct	F2
transaction	VIRT	Class A common stock	Award		+37,500	+9.2%		443,951	31 Jan 2025	Direct	F3
transaction	VIRT	Class A common stock	Tax liability		-20,738	-4.7%		423,213	31 Jan 2025	Direct	F4

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	+37%	$0.000000	139,884	31 Jan 2025	Class A common stock	37,500		Direct	F5, F6
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-37,500	-27%	$0.000000	102,384	31 Jan 2025	Class A common stock	37,500		Direct	F1, F7
transaction	VIRT	Restricted Stock Unit	Options Exercise	$0	-11,192	-11%	$0.000000	91,192	02 Feb 2025	Class A common stock	11,192		Direct	F8, F9
transaction	VIRT	Deferred Stock Unit	Options Exercise	$0	+11,192	+17%	$0.000000	78,480	02 Feb 2025	Class A common stock	11,192		Direct	F10, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.
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	37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The 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. Joseph Molluso.
F4	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
F5	37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024 . The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.
F6	The RSUs vest on January 31, 2026.
F7	The RSUs vested January 31, 2025.
F8	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.
F9	The RSUs vested on February 2, 2025.
F10	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.
F11	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.