Steven Berns - Nov 6, 2024 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role: Director
Signature: /s/ Douglas Friedman, Attorney-in-Fact for Steven Berns
Stock symbol: TW
Transactions as of: Nov 6, 2024
Transactions value $: -$97,223
Form type: 4
Date filed: 11/8/2024, 04:06 PM
Previous filing: May 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TW	Class A common stock	Sale	-$97.2K	-731	-20.45%	$133.00	2.84K	Nov 6, 2024	Direct	F1, F2

* 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 August 7, 2024.
F2	This amount includes 1,323 unvested restricted stock units in respect of the issuer's Class A common stock that are scheduled to vest on May 10, 2025, subject to the reporting person's continued service as a director through such vesting date or as may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 28, 2024.

Content

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2024.

This amount includes 1,323 unvested restricted stock units in respect of the issuer's Class A common stock that are scheduled to vest on May 10, 2025, subject to the reporting person's continued service as a director through such vesting date or as may be pro-rated in accordance with the issuer's Non-Employee Director Compensation Policy, as disclosed in the issuer's Proxy Statement on DEF 14A filed with the SEC on March 28, 2024.