William Hult - 10 Feb 2026 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role
Chief Executive Officer, Director
Signature
/s/ Douglas Friedman, Attorney-in-Fact for William Hult
Issuer symbol
TW
Transactions as of
10 Feb 2026
Net transactions value
-$12,502,867
Form type
4
Filing time
12 Feb 2026, 16:12:04 UTC
Previous filing
05 Jan 2026
Next filing
05 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Hult William Chief Executive Officer, Director TRADEWEB MARKETS INC., 245 PARK AVENUE, NEW YORK /s/ Douglas Friedman, Attorney-in-Fact for William Hult 12 Feb 2026 0001771194

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TW Class A common stock Options Exercise $1,491,746 +72,450 +41% $20.59 247,956 10 Feb 2026 Direct F1, F2
transaction TW Class A common stock Sale $8,364,410 -72,450 -29% $115.45 175,506 10 Feb 2026 Direct F1, F2, F3
transaction TW Class A common stock Sale $5,630,202 -48,768 -28% $115.45 126,738 10 Feb 2026 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 -72,450 -50% $0.000000 72,450 10 Feb 2026 Class A common stock 72,450 $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 November 3, 2025.
F2 This amount includes (i) 14,376 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, 2026, (ii) 23,356 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2026 and March 15, 2027, and (iii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028, 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 $113.33 to $116.85, 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 $113.33 to $116.87, inclusive.
F5 This option is fully vested and exercisable as of the date hereof.