Key facts
- This page summarizes Douglas A. Cifu's Form 4 filing for Virtu Financial, Inc. (VIRT).
- 4 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 28 Apr 2025, 19:37.
Douglas A. Cifu - 25 Apr 2025 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- VIRT
- Reported as of
- 25 Apr 2025
- Net transaction value
- -$13,781,625
- SEC form
- 4
- Accepted by SEC
- 28 Apr 2025, 19:37:03 UTC
- Prior SEC filing
- 03 Apr 2025
- Next SEC filing
- 01 Aug 2025
- Source filing
- View source filing
- Reporting owner signature
- Justin Waldie, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Douglas A. Cifu filed Form 4 for Virtu Financial, Inc. (VIRT) on 28 Apr 2025.
Change
- Previous filing in this sequence was filed on 03 Apr 2025.
- Current net transaction value: -$13,781,625.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VIRT
transaction
Class A common stock
Sale
- Transaction value
- $3,598,771
- Shares
- -93,708
- Change %
- -16%
- Price
- $38.40
- Shares after
- 493,479
- Date
- 25 Apr 2025
- Ownership
- Direct
- Footnotes
- F1
VIRT
transaction
Class A common stock
Sale
- Transaction value
- $3,279,214
- Shares
- -84,612
- Change %
- -17%
- Price
- $38.76
- Shares after
- 408,867
- Date
- 25 Apr 2025
- Ownership
- Direct
- Footnotes
- F2
VIRT
transaction
Class A common stock
Sale
- Transaction value
- $3,391,844
- Shares
- -87,807
- Change %
- -21%
- Price
- $38.63
- Shares after
- 321,060
- Date
- 28 Apr 2025
- Ownership
- Direct
- Footnotes
- F3
VIRT
transaction
Class A common stock
Sale
- Transaction value
- $3,511,796
- Shares
- -89,754
- Change %
- -28%
- Price
- $39.13
- Shares after
- 231,306
- Date
- 28 Apr 2025
- Ownership
- Direct
- Footnotes
- F4
VIRT
holding
Class A common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 442,755
- Date
- 25 Apr 2025
- Ownership
- See footnote
- Footnotes
- F5
VIRT
holding
Class A common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 114,000
- Date
- 25 Apr 2025
- Ownership
- See footnote
- Footnotes
- F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VIRT
holding
Derivative
Non-voting common interest units of Virtu Financial LLC
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,830,742
- Date
- 25 Apr 2025
- Ownership
- See footnote
- Underlying class
- Class A common stock
- Underlying amount
- 2,830,742
- Exercise price
- Footnotes
- F7, F8
VIRT
holding
Derivative
Non-voting common interest units of Virtu Financial LLC
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 819,804
- Date
- 25 Apr 2025
- Ownership
- See footnote
- Underlying class
- Class A common stock
- Underlying amount
- 819,804
- Exercise price
- Footnotes
- F6, F7
VIRT
holding
Derivative
Deferred Stock Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 484,312
- Date
- 25 Apr 2025
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 484,312
- Exercise price
- Footnotes
- F9, F10
VIRT
holding
Derivative
Restricted Stock Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 194,534
- Date
- 25 Apr 2025
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 194,534
- Exercise price
- Footnotes
- F11, F12
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 12 footnotes
Footnote F1
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.2731 to $38.60, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnotes 2 to 4 inclusive.
Footnote F2
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.6012 to $39.29, inclusive.
Footnote F3
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.28 to $38.965, inclusive.
Footnote F4
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.97 to $39.29, inclusive.
Footnote F5
By a trust, for the benefit of the Cifu Family (the "Cifu Family 2020 Trust"). Melissa L. Cifu, the reporting person's wife, and Dr. Mitchel A. Lautenberg, Ms. Cifu's brother, share dispositive control and voting control over the shares held by the Cifu Family 2020 Trust. The reporting person may be deemed to beneficially own the shares held by the Cifu Family 2020 Trust by virtue of his relationship with Ms. Cifu.
Footnote F6
By the reporting person's spouse, Melissa L. Cifu, as Trustee of the Cifu 2025 GST Trust. The reporting person may be deemed to beneficially own the shares by virtue of his relationship with Mrs. Cifu.
Footnote F7
Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
Footnote F8
By a limited liability company, DAC Investment LLC, owned by the reporting person and the reporting person's wife.
Footnote F9
Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020. Each DSU is economically equivalent to one share of Class A common stock.
Footnote F10
The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.
Footnote F11
Each 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 F12
The RSUs vest on various vesting dates in 2026, 2027 and 2028.