Form 4 for VIRT Virtu Financial, Inc.
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-03 · accession 0001592386-23-000020 · 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 | Cavoli Stephen | EVP | F - Tax | — | -16.0K | 111.9K | -12% | — |
| D | 2023-02-07 | 2023-02-03 | VIRT | Cavoli Stephen | EVP | A - Grant | — | +23.2K | 135.1K | +21% | — |
| D | 2023-02-07 | 2023-02-03 | VIRT | Cavoli Stephen | EVP | M - OptEx | — | +8,130 | 116.1K | +8% | — |
| D | 2023-02-07 | 2023-02-03 | VIRT | Cavoli Stephen | EVP | M - OptEx | $0.00 | -8,130 | 24.8K | -25% | $0 |
| D | 2023-02-07 | 2023-02-03 | VIRT | Cavoli Stephen | EVP | A - Grant | $0.00 | +34.8K | 59.5K | +140% | $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 | 11,832 | — | 123,272 | 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 | 23,177 | — | 135,104 | 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 | 8,130 | — | 116,078 | 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 | 4,151 | — | 111,927 | 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 | Derivative | Restricted Stock Unit | 2023-02-03 | M | D | 8,130 | $0.00 | 24,760 | D | — · — to — | 8,130 Class A common stock | (F4) 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. (F5) The RSUs vested on February 3, 2023. |
| 6 | Derivative | Restricted Stock Unit | 2023-02-03 | A | A | 34,764 | $0.00 | 59,524 | D | — · — to — | 34,764 Class A common stock | (F4) 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. (F6) The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. |