Form 4 for VIRT Virtu Financial, Inc.
Accepted 2024-02-02 00:00:00 ET · period of report 2024-01-31 · accession 0001592386-24-000012 · 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 | 2024-02-02 | 2024-01-31+ | VIRT | Cavoli Stephen | EVP | F - Tax | — | -22.1K | 143.0K | -13% | — |
| DM | 2024-02-02 | 2024-01-31+ | VIRT | Cavoli Stephen | EVP | M - OptEx | — | +46.0K | 151.5K | +44% | — |
| D | 2024-02-02 | 2024-01-31 | VIRT | Cavoli Stephen | EVP | A - Grant | $0.00 | +37.5K | 62.3K | +151% | $0 |
| D | 2024-02-02 | 2024-02-01 | VIRT | Cavoli Stephen | EVP | M - OptEx | $0.00 | -8,499 | 53.8K | -14% | $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 | 2024-02-01 | F | D | 4,339 | — | 147,177 | 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 | 2024-01-31 | F | D | 17,755 | — | 143,017 | 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 |
| 3 | Common | Class A common stock | 2024-01-31 | M | A | 37,500 | — | 160,772 | D | — | — | (F1) 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2023. The restricted shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Steven Cavoli. |
| 4 | Common | Class A common stock | 2024-02-01 | M | A | 8,499 | — | 151,516 | D | — | — | (F3) 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. |
| 5 | Derivative | Restricted Stock Unit | 2024-01-31 | A | A | 37,500 | $0.00 | 62,260 | D | — · — to — | 37,500 Class A common stock | (F4) 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023. 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 vest on January 31, 2025. |
| 6 | Derivative | Restricted Stock Unit | 2024-02-01 | M | D | 8,499 | $0.00 | 53,761 | D | — · — to — | 8,499 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 February 1, 2024. |