Lee Olesky - Mar 31, 2023 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
Director
Signature
/s/ Scott Zucker, Attorney-in-Fact for Lee Olesky
Stock symbol
TW
Transactions as of
Mar 31, 2023
Transactions value $
-$7,764,718
Form type
4
Date filed
4/4/2023, 04:59 PM
Previous filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Options Exercise $1.47M +71.3K +30.44% $20.59* 306K Mar 31, 2023 Direct F1, F2
transaction TW Class A common stock Sale -$5.65M -71.3K -23.33% $79.19 234K Mar 31, 2023 Direct F1, F2, F3
transaction TW Class A common stock Options Exercise $354K +17.2K +7.34% $20.59* 252K Apr 3, 2023 Direct F1, F2
transaction TW Class A common stock Sale -$1.36M -17.2K -6.83% $79.02 234K Apr 3, 2023 Direct F1, F2, F4
transaction TW Class A common stock Options Exercise $908K +44.1K +18.81% $20.59* 278K Apr 4, 2023 Direct F1, F2
transaction TW Class A common stock Sale -$3.49M -44.1K -15.83% $79.13 234K Apr 4, 2023 Direct F1, F2, F5
holding TW Class A common stock 20K Mar 31, 2023 See footnote F6

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 TW Stock Option (Right to Buy) Options Exercise $0 -71.3K -16.37% $0.00 365K Mar 31, 2023 Class A common stock 71.3K $20.59 Direct F1, F7
transaction TW Stock Option (Right to Buy) Options Exercise $0 -17.2K -4.72% $0.00 347K Apr 3, 2023 Class A common stock 17.2K $20.59 Direct F1, F7
transaction TW Stock Option (Right to Buy) Options Exercise $0 -44.1K -12.69% $0.00 303K Apr 4, 2023 Class A common stock 44.1K $20.59 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 10, 2023.
F2 Includes (i) 9,888 unvested RSUs in respect of Class A Common Stock scheduled to vest on March 15, 2024, (ii) 59,330 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2024, (iii) 20,667 unvested RSUs in respect of Class A Common Stock scheduled to vest in equal installments on March 15, 2024 and March 15, 2025, (iv) 85,656 unvested RSUs in respect of Class A Common Stock scheduled to vest in equal amounts on January 1, 2024, January 1, 2025 and January 1, 2026, (v) 4,620 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2024 and (vi) 37,336 unvested RSUs in respect of Class A Common Stock scheduled to vest on January 1, 2025. Mr. Olesky retired as CEO effective as of 12/31/22. Each award will vest in accordance with its vesting terms per the retirement provisions of each grant agreement.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.00 to $79.99, 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 footnotes 3, 4 and 5 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.00 to $79.19, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.00 to $79.58, inclusive.
F6 The reporting person owns these securities through The Family Trust. The reporting person and his wife, as the co-trustees of The Family Trust, share the power to vote and invest the securities, but each disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.
F7 The option is fully vested and exercisable as of the date hereof.