Enrico Bruni - Feb 20, 2024 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
Managing Director, Europe/Asia
Signature
/s/ Douglas Friedman, Attorney-in-Fact for Enrico Bruni
Stock symbol
TW
Transactions as of
Feb 20, 2024
Transactions value $
-$4,072,106
Form type
4
Date filed
2/22/2024, 04:08 PM
Previous filing
Feb 12, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Options Exercise $1.03M +50K +58.81% $20.59 135K Feb 20, 2024 Direct F1
transaction TW Class A common stock Tax liability -$2.94M -28.9K -21.37% $101.90 106K Feb 20, 2024 Direct F1, F2
transaction TW Class A common stock Sale -$2.16M -21.1K -19.92% $102.21 85K Feb 20, 2024 Direct F1, F3

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 -50K -29.91% $0.00 117K Feb 20, 2024 Class A common stock 50K $20.59 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount includes (i) 3,146 unvested restricted stock units ("RSUs ") in respect of the issuer's Class A Common Stock ("Class A Common Stock") which are scheduled to vest on March 15, 2024, (ii) 7,364 unvested RSUs in respect of Class A Common Stock which are scheduled to vest in equal installments on March 15, 2024 and March 15, 2025, (iii) 14,271 unvested RSUs in respect of Class A Common Stock that are scheduled to vest on January 1, 2025 and (iv) 17,819 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.
F2 Represents shares withheld by the issuer in an amount equal to the cost of the options plus tax withholding obligation associated with the exercise of options in respect of the Class A Common Stock held by the reporting person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.90 to $102.66, 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 this footnote.
F4 The option is fully vested and exercisable as of the date hereof.