William Hult - Mar 15, 2025 Form 4 Insider Report for Tradeweb Markets Inc. (TW)

Role: Chief Executive Officer, Director
Signature: /s/ Douglas Friedman, Attorney-in-Fact for William Hult
Stock symbol: TW
Transactions as of: Mar 15, 2025
Transactions value $: -$2,717,295
Form type: 4
Date filed: 3/18/2025, 07:57 PM
Previous filing: Jan 8, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TW	Class A common stock	Tax liability	-$2.72M	-19.2K	-12.15%	$141.57	139K	Mar 15, 2025	Direct	F1, F2
transaction	TW	Class A common stock	Award	$0	+67	+0.05%	$0.00	139K	Mar 15, 2025	Direct	F2, F3
transaction	TW	Class A common stock	Award	$0	+30.7K	+22.09%	$0.00	170K	Mar 17, 2025	Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the issuer to satisfy the tax withholding obligation associated with the settlement of restricted stock units ("RSUs") in respect of the issuer's Class A common stock ("Class A Common Stock") held by the reporting person.
F2	This amount includes (i) 14,376 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on March 15, 2026, (ii) 78,191 unvested RSUs in respect of Class A Common Stock which are scheduled to vest on January 1, 2026, (iii) 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 (iv) 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.
F3	Represents shares of Class A Common Stock acquired in connection with the settlement of certain dividend equivalent rights (the "DERs"). The DERs were granted in connection with previously awarded RSUs, and settled in shares of Class A Common Stock in connection with the settlement of the RSUs to which they relate.
F4	The reported transaction is an award of RSUs in respect of the Class A Common Stock. Subject to the reporting person's continued employment through the applicable vesting date, these RSUs are scheduled to vest in equal installments on each of the first, second and third anniversaries of March 17, 2025.