4//SEC Filing
Fairclough Brett 4
Accession 0001592386-25-000132
CIK 0001592386other
Filed
Aug 7, 8:00 PM ET
Accepted
Aug 8, 5:22 PM ET
Size
9.3 KB
Accession
0001592386-25-000132
Insider Transaction Report
Form 4
Fairclough Brett
Co-President & Co-COO
Transactions
- Sale
Class A common stock
2025-08-07$42.40/sh−90,701$3,846,049→ 0 total
Holdings
- 94,065
Restricted Stock Unit
→ Class A common stock (94,065 underlying) - 10,930(indirect: See footnote)
Non-voting common interest units of Virtu Financial LLC
→ Class A common stock (10,930 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $42.225 to $42.66, 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]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 vest in installments as follows: 11,588 vest on February 3, 2026; 22,385 vest in equal annual installments on February 2, 2026 and February 2, 2027; 22,592 vest in equal annual installments on February 4, 2026, February 4, 2027 and February 4, 2028; and 37,500 vest on January 31, 2026.
- [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 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.
- [F5]By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold vested and unvested Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein.
Documents
Issuer
Virtu Financial, Inc.
CIK 0001592386
Entity typeother
Related Parties
1- filerCIK 0001788170
Filing Metadata
- Form type
- 4
- Filed
- Aug 7, 8:00 PM ET
- Accepted
- Aug 8, 5:22 PM ET
- Size
- 9.3 KB