Form 4 for VIRT Virtu Financial, Inc.

Accepted 2022-05-09 00:00:00 ET · period of report 2022-05-06 · accession 0001592386-22-000056 · 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
D	2022-05-09	2022-05-06	VIRT	Virtu Employee Holdco LLC	Dir, 10%, See Remarks	D - Sale to Iss	—	-23.1K	4.32M	-0.5%	—
D	2022-05-09	2022-05-06	VIRT	Virtu Employee Holdco LLC	Dir, 10%, See Remarks	D - Sale to Iss	—	-23.1K	4.32M	-0.5%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class C common stock	2022-05-06	D	D	23,089	—	4,316,515	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	Derivative	Non-voting common interest units of Virtu Financial LLC	2022-05-06	D	D	23,089	—	4,316,515	D	— · — to —	23,089 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.