Form 4 for VIRT Virtu Financial, Inc.
Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0001592386-23-000012 · 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 | 2023-02-02 | 2023-01-31+ | VIRT | Fairclough Brett | Co-Pres, Co-COO | M - OptEx | — | +58.5K | 71.6K | +448% | — |
| DM | 2023-02-02 | 2023-01-31+ | VIRT | Fairclough Brett | Co-Pres, Co-COO | F - Tax | — | -25.9K | 68.0K | -28% | — |
| D | 2023-02-02 | 2023-02-01 | VIRT | Fairclough Brett | Co-Pres, Co-COO | M - OptEx | $0.00 | -8,500 | 32.9K | -21% | $0 |
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 A common stock | 2023-01-31 | M | A | 50,000 | — | 85,422 | D | — | — | (F1) 50,000 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2022. (F2) Restricted shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough. |
| 2 | Common | Class A common stock | 2023-01-31 | F | D | 22,354 | — | 63,068 | D | — | — | (F3) 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. |
| 3 | Common | Class A common stock | 2023-02-01 | M | A | 8,500 | — | 71,568 | D | — | — | (F4) 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. |
| 4 | Common | Class A common stock | 2023-02-01 | F | D | 3,549 | — | 68,019 | D | — | — | (F5) Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan. |
| 5 | Derivative | Restricted Stock Unit | 2023-02-01 | M | D | 8,500 | $0.00 | 32,890 | D | — · — to — | 8,500 Class A common stock | (F6) 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. (F7) The RSUs vested on January 31, 2023. |