Justin Peterson - Mar 20, 2023 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Signature
/s/ Scott Zucker, Attorney-in-Fact for Justin Peterson
Stock symbol
TW
Transactions as of
Mar 20, 2023
Transactions value $
-$545,842
Form type
4
Date filed
3/22/2023, 04:59 PM
Previous filing
Mar 20, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Tax liability -$178K -2.37K -3.95% $75.04 57.6K Mar 20, 2023 Direct F1, F2
transaction TW Class A common stock Award $0 +24 +0.04% $0.00 57.7K Mar 20, 2023 Direct F2, F3
transaction TW Class A common stock Sale -$222K -2.96K -5.13% $75.21 54.7K Mar 20, 2023 Direct F2, F4, F5
transaction TW Class A common stock Sale -$146K -1.94K -3.55% $75.02 52.8K Mar 22, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") held by the reporting person.
F2 This amount includes (i) 3,371 RSUs in respect of Class A Common Stock which are scheduled to vest on March 15, 2024, (ii) 14,832 RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2024, (iii) 6,409 RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2024 and March 15, 2025, (iv) 12,419 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on January 1, 2025, and (v) 13,729 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2024, March 15, 2025 and March 15, 2026, in each case subject to the reporting person's continued employment through the applicable vesting date.
F3 Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2022.
F5 The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.67 to $75.71, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.