4//SEC Filing
Cifu Douglas A 4
Accession 0001592386-25-000031
CIK 0001592386other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 8:40 PM ET
Size
17.8 KB
Accession
0001592386-25-000031
Insider Transaction Report
Form 4
Cifu Douglas A
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-02-03−16,261→ 175,102 total→ Class A common stock (16,261 underlying) - Exercise/Conversion
Deferred Stock Unit
2025-02-03+25,752→ 484,312 total→ Class A common stock (25,752 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-02-03−25,752→ 149,350 total→ Class A common stock (25,752 underlying) - Exercise/Conversion
Deferred Stock Unit
2025-02-03+16,261→ 458,560 total→ Class A common stock (16,261 underlying)
Holdings
- 442,755(indirect: See footnote)
Class A common stock
- 2,830,742(indirect: See footnote)
Non-voting common interest untis of Virtu Financial LLC
→ Class A common stock (2,830,742 underlying) - 819,804(indirect: See footnote)
Non-voting common interest units of Virtu Financial LLC
→ Class A common stock (819,804 underlying) - 683,942
Class A common stock
Footnotes (8)
- [F1]By a trust, for the benefit of the Cifu Family (the "Cifu Family 2020 Trust"). Melissa B. Lautenberg, the reporting person's wife, holds dispositive control and voting control over the shares held by the Cifu Family 2020 Trust. The reporting person may be deemed to beneficially own the shares held by the Cifu Family 2020 Trust by virtue of his relationship with Ms. Lautenberg.
- [F2]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.
- [F3]The RSUs vested February 3, 2025.
- [F4]The RSUs vest in two equal installments on February 3, 2025 and February 3, 2026.
- [F5]Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020. Each DSU is economically equivalent to one share of Class A common stock.
- [F6]The DSUs credited under the Deferred Compensation Plan are generally payable in the form elected or provided under the Deferred Compensation Plan on the earlier of: (i) a separation from service, (ii) a specified date, or (iii) a change in control.
- [F7]Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
- [F8]By a trust, for the benefit of the Cifu Family (the "Cifu Family Trust"). Melissa B. Lautenberg, the reporting person's wife, and Dr. Mitchel A. Lautenberg, Ms. Lautenberg's brother, share dispositive control and voting control over the shares held by the Cifu Family Trust. The reporting person may be deemed to beneficially own the shares held by the Cifu Family Trust by virtue of his relationship with Ms. Lautenberg.
Documents
Issuer
Virtu Financial, Inc.
CIK 0001592386
Entity typeother
Related Parties
1- filerCIK 0001573283
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 8:40 PM ET
- Size
- 17.8 KB