Form 4 for VIRT Virtu Financial, Inc.
Accepted 2021-11-10 00:00:00 ET · period of report 2021-08-10 · accession 0001592386-21-000046 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-11-10 | 2021-08-10+ | VIRT | Virtu Employee Holdco LLC | Dir, 10%, See Remarks | D - Sale to Iss | — | -32.3K | 4.65M | -0.7% | — |
| DM | 2021-11-10 | 2021-08-10+ | VIRT | Virtu Employee Holdco LLC | Dir, 10%, See Remarks | D - Sale to Iss | — | -32.3K | 4.65M | -0.7% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class C common stock | 2021-08-10 | D | D | 28,310 | — | 4,657,175 | D | — | — | (F1) Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2). |
| 2 | Common | Class C common stock | 2021-11-08 | D | D | 4,000 | — | 4,653,175 | D | — | — | (F1) Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2). |
| 3 | Derivative | Non-voting common interest units of Virtu Financial LLC | 2021-08-10 | D | D | 28,310 | — | 4,657,175 | D | — · — to — | 28,310 Class A common stock | (F2) 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, 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. |
| 4 | Derivative | Non-voting common interest units of Virtu Financial LLC | 2021-11-08 | D | D | 4,000 | — | 4,653,175 | D | — · — to — | 4,000 Class A common stock | (F2) 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, 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. |