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VIRT

Virtu Financial, Inc.

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Tapewire entity
3811
SEC CIK
0001592386
Parsed reports
343

Last 12 months

Inside the activity.

0 purchase rows · 19 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202501
Dec 202500
Jan 202602
Feb 2026010
Mar 202600
Apr 202600
May 202603
Jun 202600
Jul 202600
Aug 202603
Sep 202600
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
February 03, 2025 Filed Feb 6, 2025 01:26 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionClass A common stock 11,588 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000028 · wk-form4_1738805168.xml · nonDerivative · entry 3

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 159,175

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:26 UTC
Fairclough BrettCo-President & Co-COO
Tax withholdingClass A common stock 3,215 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000028 · wk-form4_1738805168.xml · nonDerivative · entry 2

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 147,587

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:26 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionClass A common stock 8,130 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000028 · wk-form4_1738805168.xml · nonDerivative · entry 1

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,802

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:19 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionDeferred Stock Unit · Derivative 11,588 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000026 · wk-form4_1738804760.xml · derivative · entry 5

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,198

Underlying: Class A common stock · 11,588 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.

F5 · derivative.exercise_date: 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.

F5 · derivative.expiration_date: 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.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:19 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionDeferred Stock Unit · Derivative 8,130 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000026 · wk-form4_1738804760.xml · derivative · entry 4

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,610

Underlying: Class A common stock · 8,130 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · derivative.exercise_price: Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.

F5 · derivative.exercise_date: 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.

F5 · derivative.expiration_date: 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.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:19 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 11,588 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000026 · wk-form4_1738804760.xml · derivative · entry 3

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,474

Underlying: Class A common stock · 11,588 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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 · derivative.exercise_date: The RSUs vest in equal annual installments on February 3, 2025 and February 3, 2026.

F3 · derivative.expiration_date: The RSUs vest in equal annual installments on February 3, 2025 and February 3, 2026.

Read SEC document
February 03, 2025 Filed Feb 6, 2025 01:19 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 8,130 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000026 · wk-form4_1738804760.xml · derivative · entry 2

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,062

Underlying: Class A common stock · 8,130 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: The RSUs vested February 3, 2025.

F2 · derivative.expiration_date: The RSUs vested February 3, 2025.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:35 UTC
Lee CindyChief Financial Officer
Exercise / conversionRestricted Stock Unit · Derivative 2,749 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000015 · wk-form4_1738722930.xml · derivative · entry 3

Lee Cindy · CIK 0002033153 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 55,294

Underlying: Class A common stock · 2,749 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: 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.

F4 · derivative.exercise_date: The RSUs vested February 1, 2024.

F4 · derivative.expiration_date: The RSUs vested February 1, 2024.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:35 UTC
Lee CindyChief Financial Officer
Tax withholdingClass A common stock 1,108 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000015 · wk-form4_1738722930.xml · nonDerivative · entry 2

Lee Cindy · CIK 0002033153 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,417

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:35 UTC
Lee CindyChief Financial Officer
Exercise / conversionClass A common stock 2,749 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000015 · wk-form4_1738722930.xml · nonDerivative · entry 1

Lee Cindy · CIK 0002033153 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,525

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Exercise / conversionRestricted Stock Unit · Derivative 24,300 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · derivative · entry 10

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 191,363

Underlying: Class A common stock · 24,300 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_price: 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.

F11 · derivative.exercise_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

F11 · derivative.expiration_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

Read SEC document
February 02, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Tax withholdingClass A common stock 8,079 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 6

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 683,942

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Exercise / conversionClass A common stock 24,300 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 5

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 692,021

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 11,193 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · derivative · entry 9

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,191

Underlying: Class A common stock · 11,193 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_price: 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.

F10 · derivative.exercise_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

F10 · derivative.expiration_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Tax withholdingClass A common stock 4,722 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 6

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 142,672

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionClass A common stock 11,193 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 5

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 147,394

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionDeferred Stock Unit · Derivative 11,192 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · derivative · entry 8

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 78,480

Underlying: Class A common stock · 11,192 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_price: Deferred Stock Units ("DSU") credited to the reporting person under the Virtu Financial, Inc. Deferred Compensation Plan, effective November 13, 2020, for Restricted Stock Units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan. Each DSU is economically equivalent to one share of Class A common stock.

F11 · derivative.exercise_date: 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.

F11 · derivative.expiration_date: 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.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 11,192 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · derivative · entry 7

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,192

Underlying: Class A common stock · 11,192 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: 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.

F9 · derivative.exercise_date: The RSUs vested on February 2, 2025.

F9 · derivative.expiration_date: The RSUs vested on February 2, 2025.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:39 UTC Exercise / conversionRestricted Stock Unit · Derivative 10,309 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · derivative · entry 9

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,424

Underlying: Class A common stock · 10,309 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_price: 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.

F10 · derivative.exercise_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

F10 · derivative.expiration_date: RSUs vest in three equal annual installments on February 2, 2025, February 2, 2026 and February 2, 2027.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:39 UTC Tax withholdingClass A common stock 5,263 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 6

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 208,680

F4 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
February 02, 2025 Filed Feb 5, 2025 02:39 UTC Exercise / conversionClass A common stock 10,309 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 5

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 213,943

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · price: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
GrantRestricted Stock Unit · Derivative 75,000 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · derivative · entry 9

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 215,663

Underlying: Class A common stock · 75,000 shares

Expires not disclosed

F8 · derivative.exercise_price: 75,000 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024. The shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Douglas Cifu.

F9 · derivative.exercise_date: The RSUs vest January 31, 2026.

F9 · derivative.expiration_date: The RSUs vest January 31, 2026.

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Exercise / conversionRestricted Stock Unit · Derivative 75,000 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · derivative · entry 8

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 140,663

Underlying: Class A common stock · 75,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 75,000 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Douglas Cifu.

F7 · derivative.exercise_date: The RSUs vested January 31, 2025.

F7 · derivative.expiration_date: The RSUs vested January 31, 2025.

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Tax withholdingClass A common stock 31,175 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 4

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 667,721

F4 · price: Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
GrantClass A common stock 75,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 3

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 698,896

F3 · price: 75,000 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Douglas Cifu.

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Tax withholdingClass A common stock 35,236 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 2

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 623,896

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
January 31, 2025 Filed Feb 4, 2025 21:33 UTC
Cifu Douglas ADirector · Chief Executive Officer
Exercise / conversionClass A common stock 75,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000013 · wk-form4_1738722777.xml · nonDerivative · entry 1

Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 659,132

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 75,000 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Douglas Cifu.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
GrantRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · derivative · entry 8

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 102,384

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

F7 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024 . The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough.

F8 · derivative.exercise_date: The RSUs vest January 31, 2026.

F8 · derivative.expiration_date: The RSUs vest January 31, 2026.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · derivative · entry 7

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,884

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough.

F6 · derivative.exercise_date: The RSUs vested January 31, 2025.

F6 · derivative.expiration_date: The RSUs vested January 31, 2025.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Tax withholdingClass A common stock 18,485 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 4

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 136,201

F4 · price: Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan

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January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
GrantClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 3

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 154,686

F3 · price: 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough.

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January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Tax withholdingClass A common stock 11,063 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 2

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 117,186

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:42 UTC
Fairclough BrettCo-President & Co-COO
Exercise / conversionClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000020 · wk-form4_1738723320.xml · nonDerivative · entry 1

Fairclough Brett · CIK 0001788170 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 128,249

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Brett Fairclough.

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January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · derivative · entry 6

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 102,384

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.

F7 · derivative.exercise_date: The RSUs vested January 31, 2025.

F7 · derivative.expiration_date: The RSUs vested January 31, 2025.

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January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
GrantRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · derivative · entry 5

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 139,884

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

F5 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024 . The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.

F6 · derivative.exercise_date: The RSUs vest on January 31, 2026.

F6 · derivative.expiration_date: The RSUs vest on January 31, 2026.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Tax withholdingClass A common stock 20,738 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · nonDerivative · entry 4

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 423,213

F4 · price: Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
GrantClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · nonDerivative · entry 3

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 443,951

F3 · price: 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Tax withholdingClass A common stock 20,737 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · nonDerivative · entry 2

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 406,451

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:41 UTC
Molluso JosephCo-President & Co-COO
Exercise / conversionClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000019 · wk-form4_1738723275.xml · nonDerivative · entry 1

Molluso Joseph · CIK 0001602472 · Co-President & Co-COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 427,188

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Joseph Molluso.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC Exercise / conversionRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · derivative · entry 8

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,733

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli

F8 · derivative.exercise_date: The RSUs vested on January 31, 2025.

F8 · derivative.expiration_date: The RSUs vested on January 31, 2025.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC GrantRestricted Stock Unit · Derivative 37,500 $0.00 $0.00
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · derivative · entry 7

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 137,233

Underlying: Class A common stock · 37,500 shares

Expires not disclosed

F6 · derivative.exercise_price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2024 . The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli

F7 · derivative.exercise_date: The RSUs vest on January 31, 2026.

F7 · derivative.expiration_date: The RSUs vest on January 31, 2026.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC Tax withholdingClass A common stock 19,144 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 4

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 203,634

F4 · price: Shares of Class A common stock withheld for tax by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC Exercise / conversionClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 3

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 222,778

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · price: 37,500 RSUs were earned as a result of the Issuer's achievement of associated performance objective for 2023 and vested and settled in shares of Class A common stock on January 31, 2025. The RSUs were granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC Tax withholdingClass A common stock 19,143 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 2

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 185,278

F2 · price: Shares of Class A common stock withheld for tax by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan

Read SEC document
January 31, 2025 Filed Feb 5, 2025 02:39 UTC GrantClass A common stock 37,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000017 · wk-form4_1738723155.xml · nonDerivative · entry 1

Cavoli Stephen · CIK 0001736674 · EVP

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 204,421

F1 · price: 37,500 shares of Class A common stock were earned as a result of the Issuer's achievement of associated performance objective for 2024. The shares are granted under the Issuer's Amended and Restated 2015 Management Incentive pursuant to the Amended and Restated Employment Agreement between the Issuer and Mr. Stephen Cavoli.

Read SEC document
January 31, 2025 Filed Feb 21, 2025 22:59 UTC
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
Disposition to issuerNon-voting common interest units of Virtu Financial LLC · Derivative 367,123 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000059 · wk-form4_1740178785.xml · derivative · entry 8

Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,481,296

Underlying: Class A common stock · 367,123 shares

Expires not disclosed

F2 · derivative.exercise_price: 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, 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.

F2 · price: 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, 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.

F2 · derivative.exercise_date: 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, 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.

F2 · derivative.expiration_date: 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, 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.

Read SEC document
January 31, 2025 Filed Feb 21, 2025 22:59 UTC
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
Disposition to issuerClass C common stock 367,123 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000059 · wk-form4_1740178785.xml · nonDerivative · entry 4

Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,481,296

F1 · price: Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).

Read SEC document
October 24, 2024 Filed Feb 21, 2025 22:59 UTC
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
Disposition to issuerNon-voting common interest units of Virtu Financial LLC · Derivative 13,082 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000059 · wk-form4_1740178785.xml · derivative · entry 7

Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,848,419

Underlying: Class A common stock · 13,082 shares

Expires not disclosed

F2 · derivative.exercise_price: 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, 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.

F2 · price: 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, 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.

F2 · derivative.exercise_date: 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, 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.

F2 · derivative.expiration_date: 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, 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.

Read SEC document
October 24, 2024 Filed Feb 21, 2025 22:59 UTC
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
Disposition to issuerClass C common stock 13,082 Not disclosed Not disclosed
Disclosure

SEC source: 0001592386-25-000059 · wk-form4_1740178785.xml · nonDerivative · entry 3

Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,848,419

F1 · price: Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).

Read SEC document
August 05, 2024 Filed Aug 8, 2024 01:00 UTC SaleClass A common stock 5,400 $27.30 $147,420.00
Disclosure

SEC source: 0001592386-24-000085 · wk-form4_1723078824.xml · nonDerivative · entry 1

Gambale Virginia · CIK 0001298598 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,122

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.