Stephen Cavoli - Jan 31, 2025 Form 4 Insider Report for Virtu Financial, Inc. (VIRT)

Role
EVP
Signature
Justin Waldie, as Attorney-in-Fact
Stock symbol
VIRT
Transactions as of
Jan 31, 2025
Transactions value $
$0
Form type
4
Date filed
2/4/2025, 09:39 PM
Previous filing
Feb 6, 2024
Next filing
Feb 5, 2025
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 +37.5K +22.47% 204K Jan 31, 2025 Direct F1
transaction VIRT Class A common stock Tax liability -19.1K -9.36% 185K Jan 31, 2025 Direct F2
transaction VIRT Class A common stock Options Exercise +37.5K +20.24% 223K Jan 31, 2025 Direct F3
transaction VIRT Class A common stock Tax liability -19.1K -8.59% 204K Jan 31, 2025 Direct F4
transaction VIRT Class A common stock Options Exercise +10.3K +5.06% 214K Feb 2, 2025 Direct F5
transaction VIRT Class A common stock Tax liability -5.26K -2.46% 209K Feb 2, 2025 Direct F4

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 +37.5K +37.6% $0.00 137K Jan 31, 2025 Class A common stock 37.5K Direct F6, F7
transaction VIRT Restricted Stock Unit Options Exercise $0 -37.5K -27.33% $0.00 99.7K Jan 31, 2025 Class A common stock 37.5K Direct F3, F8
transaction VIRT Restricted Stock Unit Options Exercise $0 -10.3K -10.34% $0.00 89.4K Feb 2, 2025 Class A common stock 10.3K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The 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. Stephen Cavoli.
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 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli
F4 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.
F5 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.
F6 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024 . The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli
F7 The RSUs vest on January 31, 2026.
F8 The RSUs vested on January 31, 2025.
F9 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.
F10 RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.