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Filing Details

Accession Number:: 0001592386-22-000052
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-05 20:28:06
Reporting Period:: 2022-05-04

Accepted Time:: 2022-05-05 20:28:06
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1592386	Virtu Financial Inc.	VIRT	Security Brokers, Dealers & Flotation Companies (6211)	320420206

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1788170	Brett Fairclough	C/O Virtu Financial, Inc. 1633 Broadway New York NY 10019	Co-President & Co-Coo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-05-04	25,217	$29.05	52,271	No	4	S	Direct
Class A Common Stock	Disposition	2022-05-04	24,783	$29.45	27,488	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Restricted Stock Unit	$0.00			53,200	53,200	Direct
Class A Common Stock	Non-voting common interest units of Virtu Financial LLC	$0.00			10,930	10,930	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	53,200	53,200	Direct
	10,930	10,930	Indirect

Footnotes

This transaction was executed in multiple trades at prices ranging from $28.62 to $29.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
This transaction was executed in multiple trades at prices ranging from $29.31 to $29.64. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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.
11,810 of the RSUs vest on January 24, 2023. 16,999 of the RSUs vest in two equal installments on February 1, 2023 and February 1, 2024. 24,391 of the RSUs vest in three equal installments on February 3, 2023, February 3, 2024, and February 3, 2025.
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.
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.