Form 4 for TW Tradeweb Markets Inc.
Accepted 2026-02-12 00:00:00 ET · period of report 2026-02-10 · accession 0001758730-26-000023 · 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 | 2026-02-12 | 2026-02-10 | TW | Hult William | CEO, Dir | S - Sale+OE | $115.45 | -121.2K | 175.5K | -41% | -$13.99M |
| D | 2026-02-12 | 2026-02-10 | TW | Hult William | CEO, Dir | M - OptEx | $20.59 | +72.5K | 248.0K | +41% | +$1.49M |
| D | 2026-02-12 | 2026-02-10 | TW | Hult William | CEO, Dir | M - OptEx | $0.00 | -72.5K | 72.5K | -50% | $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 | 2026-02-10 | S | D | 48,768 | $115.45 | 126,738 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.33 to $116.87, inclusive. (F2) This amount includes (i) 14,376 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") which are scheduled to vest on March 15, 2026, (ii) 23,356 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2026 and March 15, 2027, and (iii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028, in each case, subject to the reporting person's continued employment through the applicable vesting date. |
| 2 | Common | Class A common stock | 2026-02-10 | M | A | 72,450 | $20.59 | 247,956 | D | — | — | (F2) This amount includes (i) 14,376 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") which are scheduled to vest on March 15, 2026, (ii) 23,356 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2026 and March 15, 2027, and (iii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028, in each case, subject to the reporting person's continued employment through the applicable vesting date. |
| 3 | Common | Class A common stock | 2026-02-10 | S | D | 72,450 | $115.45 | 175,506 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.33 to $116.85, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 and 4 to this Form 4. (F2) This amount includes (i) 14,376 unvested restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") which are scheduled to vest on March 15, 2026, (ii) 23,356 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 15, 2026 and March 15, 2027, and (iii) 30,682 unvested RSUs in respect of Class A Common Stock that are scheduled to vest in equal installments on March 17, 2026, March 17, 2027 and March 17, 2028, in each case, subject to the reporting person's continued employment through the applicable vesting date. |
| 4 | Derivative | Stock Option (Right to Buy) | 2026-02-10 | M | D | 72,450 | $0.00 | 72,450 | D | $20.59 · — to 2028-10-26 | 72,450 Class A common stock | (F5) This option is fully vested and exercisable as of the date hereof. |