Stephen Cavoli - 03 Feb 2022 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role: EVP
Signature: /s/ Justin Waldie, as Attorney-in-Fact
Issuer symbol: VIRT
Transactions as of: 03 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 07 Feb 2022, 20:42:47 UTC
Previous filing: 03 Feb 2022
Next filing: 05 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIRT	Class A common stock	Award		+16,262	+10.5%		171,579	03 Feb 2022	Direct	F1
transaction	VIRT	Class A common stock	Tax liability		-8,302	-4.84%		163,277	03 Feb 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VIRT	Restricted Stock Unit	Award	$0	+24,391	+90.4%	$0.000000	51,360	03 Feb 2022	Class A common stock	24,391		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 30.7486.
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.
F3	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.
F4	The RSUs vest in three equal installments on February 3, 2023, February 3, 2024, and February 3, 2025.
F5	9,970 of the RSUs vest on January 24, 2023. 16,999 of the RSUs vest in two installments on February 1, 2023 and February 1, 2024.