William Hult - Dec 8, 2023 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
Chief Executive Officer, Director
Signature
/s/ Douglas Friedman, Attorney-in-Fact for William Hult
Stock symbol
TW
Transactions as of
Dec 8, 2023
Transactions value $
-$2,445,698
Form type
4
Date filed
12/12/2023, 04:02 PM
Previous filing
Mar 22, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Options Exercise $721K +35K +19.14% $20.59* 218K Dec 8, 2023 Direct F1, F2
transaction TW Class A common stock Sale -$2.99M -33.1K -15.19% $90.41 185K Dec 8, 2023 Direct F1, F2, F3
transaction TW Class A common stock Sale -$174K -1.9K -1.03% $91.49 183K Dec 8, 2023 Direct F1, F2, 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 TW Stock Option (Right to Buy) Options Exercise $0 -35K -12.59% $0.00 243K Dec 8, 2023 Class A common stock 35K $20.59 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2023, as modified on September 8, 2023.
F2 This amount includes (i) 8,281 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") that are scheduled to vest on March 15, 2024, (ii) 49,688 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on January 1, 2024, (iii) 17,309 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2024 and March 15, 2025, (iv) 31,268 unvested RSUs in respect of Class A Common Stock that are rescheduled to vest on January 1, 2025, and (v) 43,128 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.94 to $90.92, 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 and 4 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 $91.05 to $91.71, inclusive.
F5 This option is fully vested and exercisable as of the date hereof.