Stephen Cavoli - Feb 14, 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
Feb 14, 2025
Transactions value $
-$2,525,846
Form type
4
Date filed
2/18/2025, 07:08 PM
Previous filing
Feb 6, 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 Sale -$1.25M -34K -15.06% $36.88 192K Feb 14, 2025 Direct F1
transaction VIRT Class A common stock Sale -$1.27M -34K -17.74% $37.41 158K Feb 18, 2025 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
holding VIRT Restricted Stock Unit 92.3K Feb 14, 2025 Class A common stock 92.3K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $36.76 to $37.11, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $36.875 to $37.735, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Virtu Financial, Inc., or to Virtu Financial, Inc., upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 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.
F4 22,592 of the RSUs vest in three equal installments on February 4, 2026, February 4, 2027 and February 4, 2028; 20,618 of the RSUs vest in two equal installments on February 2, 2026 and February 2, 2027; 37,500 of the RSUs vest on January 31, 2026; and 11,588 of the RSUs vest on February 3, 2026.