Form 4 for VIRT Virtu Financial, Inc.
Accepted 2024-02-06 00:00:00 ET · period of report 2024-02-02 · accession 0001592386-24-000020 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-06 | 2024-02-02 | VIRT | Cifu Douglas A | CEO, Dir | F - Tax | — | -20.7K | 534.1K | -4% | — |
| D | 2024-02-06 | 2024-02-02 | VIRT | Cifu Douglas A | CEO, Dir | A - Grant | — | +48.6K | 554.8K | +10% | — |
| DM | 2024-02-06 | 2024-02-03 | VIRT | Cifu Douglas A | CEO, Dir | M - OptEx | $0.00 | 0 | 442.3K | New | $0 |
| D | 2024-02-06 | 2024-02-02 | VIRT | Cifu Douglas A | CEO, Dir | A - Grant | $0.00 | +72.9K | 257.7K | +39% | $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 | 2024-02-02 | F | D | 20,653 | — | 534,132 | D | — | — | (F2) 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. |
| 2 | Common | Class A common stock | 2024-02-02 | A | A | 48,600 | — | 554,785 | D | — | — | (F1) 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 $16.9755. |
| 3 | Derivative | Restricted Stock Unit | 2024-02-03 | M | D | 16,261 | $0.00 | 241,414 | D | — · — to — | 16,261 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 vested on February 3, 2024. |
| 4 | Derivative | Restricted Stock Unit | 2024-02-03 | M | D | 25,751 | $0.00 | 215,663 | D | — · — to — | 25,751 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 vested on February 3, 2024. |
| 5 | Derivative | Restricted Stock Unit | 2024-02-02 | A | A | 72,899 | $0.00 | 257,675 | D | — · — to — | 72,899 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 vest in equal installments on February 2, 2025, February 2, 2026, and February 2, 2027. |
| 6 | Derivative | Deferred Stock Unit | 2024-02-03 | M | A | 16,261 | $0.00 | 416,548 | D | — · — to — | 16,261 Class A common stock | (F7) Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock. (F8) The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control. |
| 7 | Derivative | Deferred Stock Unit | 2024-02-03 | M | A | 25,751 | $0.00 | 442,299 | D | — · — to — | 25,751 Class A common stock | (F7) Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock. (F8) The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control. |