Form 4 for VIRT Virtu Financial, Inc.
Accepted 2023-02-07 00:00:00 ET · period of report 2022-08-12 · accession 0001592386-23-000016 · 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 | 2023-02-07 | 2023-02-03 | VIRT | Galvin Sean | CFO | F - Tax | — | -8,629 | 22.9K | -27% | — |
| D | 2023-02-07 | 2023-02-03 | VIRT | Galvin Sean | CFO | A - Grant | — | +6,593 | 29.5K | +29% | — |
| DM | 2023-02-07 | 2022-08-12+ | VIRT | Galvin Sean | CFO | M - OptEx | — | +21.8K | 11.8K | New | — |
| D | 2023-02-07 | 2023-02-03 | VIRT | Galvin Sean | CFO | A - Grant | $0.00 | +9,888 | 66.3K | +18% | $0 |
| DM | 2023-02-07 | 2022-08-12+ | VIRT | Galvin Sean | CFO | M - OptEx | $0.00 | -21.8K | 56.4K | -28% | $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 | 2023-02-03 | F | D | 2,377 | — | 27,124 | D | — | — | (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. |
| 2 | Common | Class A common stock | 2023-02-03 | A | A | 6,593 | — | 29,501 | D | — | — | (F3) 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 $19.4164. |
| 3 | Common | Class A common stock | 2023-02-03 | M | A | 15,000 | — | 28,316 | D | — | — | (F1) 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 | 2023-02-03 | F | D | 844 | — | 13,316 | D | — | — | (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. |
| 5 | Common | Class A common stock | 2023-02-03 | M | A | 2,341 | — | 14,160 | D | — | — | (F1) 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. |
| 6 | Common | Class A common stock | 2022-08-12 | M | A | 4,412 | — | 11,819 | D | — | — | (F1) 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. |
| 7 | Common | Class A common stock | 2023-02-03 | F | D | 5,408 | — | 22,908 | D | — | — | (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. |
| 8 | Derivative | Restricted Stock Unit | 2023-02-03 | A | A | 9,888 | $0.00 | 66,324 | D | — · — to — | 9,888 Class A common stock | (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. (F6) The RSUs vest in three equal annual installments on February 3, 2024, February 3, 2025, and February 3, 2026. |
| 9 | Derivative | Restricted Stock Unit | 2023-02-03 | M | D | 2,341 | $0.00 | 63,983 | D | — · — to — | 2,341 Class A common stock | (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. (F7) The RSUs vested on February 3, 2023. |
| 10 | Derivative | Restricted Stock Unit | 2023-02-03 | M | D | 15,000 | $0.00 | 48,983 | D | — · — to — | 15,000 Class A common stock | (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. (F8) The RSUs vested on February 3, 2023. An additional 30,000 RSUs will vest in equal installments on February 3, 2024 and February 3, 2025. |
| 11 | Derivative | Restricted Stock Unit | 2022-08-12 | M | D | 4,412 | $0.00 | 56,436 | D | — · — to — | 4,412 Class A common stock | (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. (F5) The RSUs vested on August 12, 2022. |