Sean Galvin - 02 Feb 2024 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Feb 2024, 17:47:56 UTC
Prior SEC filing
14 Aug 2023
Next SEC filing
15 Jul 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Justin Waldie, as Attorney-in-Fact

Key filing fact

Sean Galvin filed Form 4 for Virtu Financial, Inc. (VIRT) on 06 Feb 2024.

Key facts

  • This page summarizes Sean Galvin's Form 4 filing for Virtu Financial, Inc. (VIRT).
  • 12 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 06 Feb 2024, 17:47.

Change

  • Previous filing in this sequence was filed on 14 Aug 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VIRT transaction

Class A common stock

Award

Transaction value
Shares
+5,302
Change %
+18%
Price
Shares after
35,075
Date
02 Feb 2024
Ownership
Direct
Footnotes
F1
VIRT transaction

Class A common stock

Tax liability

Transaction value
Shares
-1,912
Change %
-5.5%
Price
Shares after
33,163
Date
02 Feb 2024
Ownership
Direct
Footnotes
F2
VIRT transaction

Class A common stock

Options Exercise

Transaction value
Shares
+2,342
Change %
+7.1%
Price
Shares after
35,505
Date
03 Feb 2024
Ownership
Direct
Footnotes
F3
VIRT transaction

Class A common stock

Tax liability

Transaction value
Shares
-845
Change %
-2.4%
Price
Shares after
34,660
Date
03 Feb 2024
Ownership
Direct
Footnotes
F2
VIRT transaction

Class A common stock

Options Exercise

Transaction value
Shares
+15,000
Change %
+43%
Price
Shares after
49,660
Date
03 Feb 2024
Ownership
Direct
Footnotes
F3
VIRT transaction

Class A common stock

Tax liability

Transaction value
Shares
-5,408
Change %
-11%
Price
Shares after
44,252
Date
03 Feb 2024
Ownership
Direct
Footnotes
F2
VIRT transaction

Class A common stock

Options Exercise

Transaction value
Shares
+3,296
Change %
+7.4%
Price
Shares after
47,548
Date
03 Feb 2024
Ownership
Direct
Footnotes
F3
VIRT transaction

Class A common stock

Tax liability

Transaction value
Shares
-1,189
Change %
-2.5%
Price
Shares after
46,359
Date
03 Feb 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VIRT transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+7,952
Change %
+18%
Price
$0.000000
Shares after
52,523
Date
02 Feb 2024
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
7,952
Exercise price
Footnotes
F4, F5
VIRT transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-2,342
Change %
-4.5%
Price
$0.000000
Shares after
50,181
Date
03 Feb 2024
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
2,342
Exercise price
Footnotes
F4, F6
VIRT transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-15,000
Change %
-30%
Price
$0.000000
Shares after
35,181
Date
03 Feb 2024
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
15,000
Exercise price
Footnotes
F4, F6
VIRT transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
$0
Shares
-3,296
Change %
-9.4%
Price
$0.000000
Shares after
31,885
Date
03 Feb 2024
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
3,296
Exercise price
Footnotes
F4, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of $16.9755.

Footnote F2

Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Footnote F3

Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Footnote F4

Each restricted stock unit ("RSU") is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.

Footnote F5

The RSUs vest in equal installments on February 2, 2025, February 2, 2026, and February 2, 2027.

Footnote F6

The RSUs vested on February 3, 2024.

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