Virtu Employee Holdco LLC - 19 Jul 2024 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: Director, Other*, 10%+ Owner
Signature: Justin Waldie, as Attorney-in-Fact
Issuer symbol: VIRT
Transactions as of: 19 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2025, 17:59:51 UTC
Previous filing: 18 Aug 2023
Next filing: 05 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	VIRT	Class C common stock	Disposed to Issuer	-31,946	-0.82%	3,862,501	19 Jul 2024	Direct	F1
transaction	VIRT	Class C common stock	Disposed to Issuer	-1,000	-0.03%	3,861,501	23 Jul 2024	Direct	F1
transaction	VIRT	Class C common stock	Disposed to Issuer	-13,082	-0.34%	3,848,419	24 Oct 2024	Direct	F1
transaction	VIRT	Class C common stock	Disposed to Issuer	-367,123	-9.5%	3,481,296	31 Jan 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	VIRT	Non-voting common interest units of Virtu Financial LLC	Disposed to Issuer	-31,946	-0.82%	3,862,501	19 Jul 2024	Class A common stock	31,946	Direct	F2
transaction	VIRT	Non-voting common interest units of Virtu Financial LLC	Disposed to Issuer	-1,000	-0.03%	3,861,501	23 Jul 2024	Class A common stock	1,000	Direct	F2
transaction	VIRT	Non-voting common interest units of Virtu Financial LLC	Disposed to Issuer	-13,082	-0.34%	3,848,419	24 Oct 2024	Class A common stock	13,082	Direct	F2
transaction	VIRT	Non-voting common interest units of Virtu Financial LLC	Disposed to Issuer	-367,123	-9.5%	3,481,296	31 Jan 2025	Class A common stock	367,123	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).
F2	Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.

Content

Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).

Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.

Remarks:

By virtue of its relationship with Mr. Vincent Viola, who is the managing member of the reporting person and a director of the Issuer, the reporting person may be deemed to be a director by deputization.