4//SEC Filing
Cifu Douglas A 4
Accession 0001592386-25-000067
CIK 0001592386other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:30 PM ET
Size
18.0 KB
Accession
0001592386-25-000067
Insider Transaction Report
Form 4
Cifu Douglas A
DirectorChief Executive Officer
Transactions
- Gift
Class A common stock
2025-04-01+114,000→ 114,000 total(indirect: See footnote) - Gift
Non-voting common interest units of Virtu Financial LLC
2025-04-01−819,804→ 0 total(indirect: See footnote)→ Class A common stock (819,804 underlying) - Gift
Class A common stock
2025-04-01−114,000→ 587,187 total - Gift
Non-voting common interest units of Virtu Financial LLC
2025-04-01+819,804→ 819,804 total(indirect: See footnote)→ Class A common stock (819,804 underlying)
Holdings
- 2,830,742(indirect: See footnote)
Non-voting common interest units of Virtu Financial LLC
→ Class A common stock (2,830,742 underlying) - 194,534
Restricted Stock Unit
→ Class A common stock (194,534 underlying) - 442,755(indirect: See footnote)
Class A common stock
- 484,312
Deferred Stock Unit
→ Class A common stock (484,312 underlying)
Footnotes (10)
- [F1]Bona fide gift.
- [F10]The RSUs vest on various vesting dates in 2026, 2027 and 2028.
- [F2]By the reporting person's spouse, Melissa L. Cifu, as Trustee of the Cifu 2025 GST Trust. The reporting person may be deemed to beneficially own the shares by virtue of his relationship with Mrs. Cifu.
- [F3]By a trust, for the benefit of the Cifu Family (the "Cifu Family 2020 Trust"). Melissa L. Cifu, the reporting person's wife, and Dr. Mitchel A. Lautenberg, Ms. Cifu's brother, share 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 Mrs. Cifu.
- [F4]Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equity holders 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.
- [F5]By a trust, for the benefit of the Cifu Family (the "Cifu Family 2011 Trust"). Melissa L. Cifu, the reporting person's wife, and Dr. Mitchel A. Lautenberg, Ms. Cifu's brother, share dispositive control and voting control over the shares held by the Cifu Family 2011 Trust. The reporting person may be deemed to beneficially own the shares held by the Cifu Family 2011 Trust by virtue of his relationship with Mrs. Cifu.
- [F6]By a limited liability company, DAC Investment LLC, owned by the reporting person and the reporting person's wife.
- [F7]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.
- [F8]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.
- [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.
Documents
Issuer
Virtu Financial, Inc.
CIK 0001592386
Entity typeother
Related Parties
1- filerCIK 0001573283
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:30 PM ET
- Size
- 18.0 KB