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
| Month | Purchases | Sales |
|---|---|---|
| Nov 2025 | 0 | 1 |
| Dec 2025 | 0 | 0 |
| Jan 2026 | 0 | 2 |
| Feb 2026 | 0 | 10 |
| Mar 2026 | 0 | 0 |
| Apr 2026 | 0 | 0 |
| May 2026 | 0 | 3 |
| Jun 2026 | 0 | 0 |
| Jul 2026 | 0 | 0 |
| Aug 2026 | 0 | 3 |
| Sep 2026 | 0 | 0 |
| Oct 2026 | 0 | 0 |
Latest available
Insider transactions
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 date | Owner / reported role | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| December 31, 2023 Filed Jan 2, 2024 16:41 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
Exercise / conversionRestricted Stock Unit · Derivative | 75,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-24-000002 · wk-form4_1704231686.xml · derivative · entry 4 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 127,860 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. F4 · 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. F5 · derivative.exercise_date: The RSUs vested on December 31, 2023. F5 · derivative.expiration_date: The RSUs vested on December 31, 2023. Read SEC document |
| December 31, 2023 Filed Jan 2, 2024 16:41 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
GrantDeferred Stock Unit · Derivative | 75,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-24-000002 · wk-form4_1704231686.xml · derivative · entry 3 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 400,287 Underlying: Class A common stock · 75,000 shares Expires not disclosed F2 · derivative.exercise_price: 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. F3 · 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. F3 · 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 |
| September 13, 2023 Filed Sep 13, 2023 16:39 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
PurchaseClass A common stock | 50,000 | $17.06 | $853,150.00 |
DisclosureSEC source: 0001592386-23-000064 · wf-form4_169463753808262.xml · nonDerivative · entry 1 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Indirect · See footnote Disclosed balance after: 442,755 F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.8900 to $17.2500, 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 · ownership.nature: 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. Read SEC document |
| September 13, 2023 Filed Sep 13, 2023 20:40 UTC |
Molluso JosephCo-President & Co-COO
|
PurchaseClass A common stock | 15,000 | $17.17 | $257,481.00 |
DisclosureSEC source: 0001592386-23-000066 · wf-form4_169463764443794.xml · nonDerivative · entry 1 Molluso Joseph · CIK 0001602472 · Co-President & Co-COO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 358,160 F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $17.1350 to $17.2300, 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. Read SEC document |
| August 16, 2023 Filed Aug 18, 2023 21:02 UTC |
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
|
Disposition to issuerNon-voting common interest units of Virtu Financial LLC · Derivative | 209,090 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000058 · wf-form4_169239254177085.xml · derivative · entry 4 Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,894,447 Underlying: Class A common stock · 209,090 shares Expires not disclosed F4 · derivative.exercise_price: Pursuant to the terms of Virtu Financial LLC's operating agreement, Virtu Financial LLC may repurchase Virtu Financial Units held by the reporting person on behalf of an employee or director upon such person's departure from the Company. F4 · price: Pursuant to the terms of Virtu Financial LLC's operating agreement, Virtu Financial LLC may repurchase Virtu Financial Units held by the reporting person on behalf of an employee or director upon such person's departure from the Company. F4 · derivative.exercise_date: Pursuant to the terms of Virtu Financial LLC's operating agreement, Virtu Financial LLC may repurchase Virtu Financial Units held by the reporting person on behalf of an employee or director upon such person's departure from the Company. F4 · derivative.expiration_date: Pursuant to the terms of Virtu Financial LLC's operating agreement, Virtu Financial LLC may repurchase Virtu Financial Units held by the reporting person on behalf of an employee or director upon such person's departure from the Company. Read SEC document |
| August 16, 2023 Filed Aug 18, 2023 21:02 UTC |
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
|
Disposition to issuerClass C common stock | 209,090 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000058 · wf-form4_169239254177085.xml · nonDerivative · entry 2 Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 3,894,447 F2 · price: Virtu Financial LLC repurchased Virtu Financial Units held by the reporting person on behalf of one or more former employees or directors, and the corresponding shares of Class C Common Stock were repurchased for nominal consideration. Read SEC document |
| August 12, 2023 Filed Aug 14, 2023 20:23 UTC |
Galvin SeanCFO
|
Exercise / conversionRestricted Stock Unit · Derivative | 4,412 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000056 · wf-form4_169204458384620.xml · derivative · entry 3 Galvin Sean · CIK 0001619516 · CFO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 44,571 Underlying: Class A common stock · 4,412 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 restricted stock unit ("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 on August 12, 2023. F4 · derivative.expiration_date: The RSUs vested on August 12, 2023. Read SEC document |
| August 12, 2023 Filed Aug 14, 2023 20:23 UTC |
Galvin SeanCFO
|
Tax withholdingClass A common stock | 1,763 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000056 · wf-form4_169204458384620.xml · nonDerivative · entry 2 Galvin Sean · CIK 0001619516 · CFO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 29,773 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 |
| August 12, 2023 Filed Aug 14, 2023 20:23 UTC |
Galvin SeanCFO
|
Exercise / conversionClass A common stock | 4,412 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000056 · wf-form4_169204458384620.xml · nonDerivative · entry 1 Galvin Sean · CIK 0001619516 · CFO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 31,536 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 |
| July 28, 2023 Filed Aug 18, 2023 21:02 UTC |
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
|
Disposition to issuerNon-voting common interest units of Virtu Financial LLC · Derivative | 39,443 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000058 · wf-form4_169239254177085.xml · derivative · entry 3 Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,103,537 Underlying: Class A common stock · 39,443 shares Expires not disclosed F3 · 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. F3 · 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. F3 · 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. F3 · 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 |
| July 28, 2023 Filed Aug 18, 2023 21:02 UTC |
Virtu Employee Holdco LLCDirector · 10% owner · See Remarks
|
Disposition to issuerClass C common stock | 39,443 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000058 · wf-form4_169239254177085.xml · nonDerivative · entry 1 Virtu Employee Holdco LLC · CIK 0001637470 · Director · 10% owner · See Remarks 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,103,537 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 |
| July 01, 2023 Filed Jul 3, 2023 17:55 UTC |
Quick Christopher CDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000041 · wf-form4_168840693461559.xml · derivative · entry 3 Quick Christopher C · CIK 0001450111 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:55 UTC |
Quick Christopher CDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000041 · wf-form4_168840693461559.xml · derivative · entry 2 Quick Christopher C · CIK 0001450111 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:55 UTC |
Quick Christopher CDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000041 · wf-form4_168840693461559.xml · nonDerivative · entry 1 Quick Christopher C · CIK 0001450111 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 42,363 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 |
| July 01, 2023 Filed Jul 3, 2023 17:39 UTC |
Gambale VirginiaDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000034 · wf-form4_168840597799799.xml · derivative · entry 3 Gambale Virginia · CIK 0001298598 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:39 UTC |
Gambale VirginiaDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000034 · wf-form4_168840597799799.xml · derivative · entry 2 Gambale Virginia · CIK 0001298598 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:39 UTC |
Gambale VirginiaDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000034 · wf-form4_168840597799799.xml · nonDerivative · entry 1 Gambale Virginia · CIK 0001298598 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 20,762 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 |
| July 01, 2023 Filed Jul 3, 2023 17:48 UTC |
GRANO JOSEPH J JRDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000037 · wf-form4_168840652816613.xml · derivative · entry 3 GRANO JOSEPH J JR · CIK 0001304755 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:48 UTC |
GRANO JOSEPH J JRDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000037 · wf-form4_168840652816613.xml · derivative · entry 2 GRANO JOSEPH J JR · CIK 0001304755 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:48 UTC |
GRANO JOSEPH J JRDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000037 · wf-form4_168840652816613.xml · nonDerivative · entry 1 GRANO JOSEPH J JR · CIK 0001304755 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 23,381 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 |
| July 01, 2023 Filed Jul 3, 2023 17:52 UTC |
Viola Michael TDirector · 10% owner
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000040 · wf-form4_168840676118453.xml · derivative · entry 3 Viola Michael T · CIK 0001573310 · Director · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:52 UTC |
Viola Michael TDirector · 10% owner
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000040 · wf-form4_168840676118453.xml · derivative · entry 2 Viola Michael T · CIK 0001573310 · Director · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:52 UTC |
Viola Michael TDirector · 10% owner
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000040 · wf-form4_168840676118453.xml · nonDerivative · entry 1 Viola Michael T · CIK 0001573310 · Director · 10% owner 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 105,668 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 |
| July 01, 2023 Filed Jul 3, 2023 17:47 UTC |
Cruger William Frank Jr.Director
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000036 · wf-form4_168840644882597.xml · derivative · entry 3 Cruger William Frank Jr. · CIK 0001591033 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:47 UTC |
Cruger William Frank Jr.Director
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000036 · wf-form4_168840644882597.xml · derivative · entry 2 Cruger William Frank Jr. · CIK 0001591033 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:47 UTC |
Cruger William Frank Jr.Director
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000036 · wf-form4_168840644882597.xml · nonDerivative · entry 1 Cruger William Frank Jr. · CIK 0001591033 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 48,942 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 |
| July 01, 2023 Filed Jul 3, 2023 17:50 UTC |
Minieri JoanneDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000038 · wf-form4_168840659772402.xml · derivative · entry 3 Minieri Joanne · CIK 0001591493 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:50 UTC |
Minieri JoanneDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000038 · wf-form4_168840659772402.xml · derivative · entry 2 Minieri Joanne · CIK 0001591493 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:50 UTC |
Minieri JoanneDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000038 · wf-form4_168840659772402.xml · nonDerivative · entry 1 Minieri Joanne · CIK 0001591493 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 22,552 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 |
| July 01, 2023 Filed Jul 3, 2023 17:51 UTC |
Urban DavidDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000039 · wf-form4_168840668347671.xml · derivative · entry 3 Urban David · CIK 0001762220 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:51 UTC |
Urban DavidDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000039 · wf-form4_168840668347671.xml · derivative · entry 2 Urban David · CIK 0001762220 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:51 UTC |
Urban DavidDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000039 · wf-form4_168840668347671.xml · nonDerivative · entry 1 Urban David · CIK 0001762220 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 26,206 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 |
| July 01, 2023 Filed Jul 3, 2023 17:41 UTC |
Nixon JohnDirector
|
GrantRestricted Stock Unit · Derivative | 8,760 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000035 · wf-form4_168840608300035.xml · derivative · entry 3 Nixon John · CIK 0001641334 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,760 Underlying: Class A common stock · 8,760 shares Expires not disclosed F2 · 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 vest on July 1, 2024. F4 · derivative.expiration_date: The RSUs vest on July 1, 2024. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:41 UTC |
Nixon JohnDirector
|
Exercise / conversionRestricted Stock Unit · Derivative | 6,365 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000035 · wf-form4_168840608300035.xml · derivative · entry 2 Nixon John · CIK 0001641334 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 6,365 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. F2 · 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 vested on July 1, 2023. F3 · derivative.expiration_date: The RSUs vested on July 1, 2023. Read SEC document |
| July 01, 2023 Filed Jul 3, 2023 17:41 UTC |
Nixon JohnDirector
|
Exercise / conversionClass A common stock | 6,365 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000035 · wf-form4_168840608300035.xml · nonDerivative · entry 1 Nixon John · CIK 0001641334 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 41,948 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 |
| May 04, 2023 Filed May 4, 2023 16:47 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
PurchaseClass A common stock | 50,000 | $16.85 | $842,425.00 |
DisclosureSEC source: 0001592386-23-000032 · wf-form4_168323324175064.xml · nonDerivative · entry 1 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 452,907 F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.51 to $17.01, 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. Read SEC document |
| May 01, 2023 Filed May 2, 2023 22:10 UTC |
Fairclough BrettCo-President & Co-COO
|
SaleClass A common stock | 50,000 | $19.39 | $969,625.00 |
DisclosureSEC source: 0001592386-23-000030 · wf-form4_168306542602634.xml · nonDerivative · entry 1 Fairclough Brett · CIK 0001788170 · Co-President & Co-COO 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 37,005 F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $19.21 to $20.00, 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. Read SEC document |
| February 03, 2023 Filed Feb 7, 2023 20:55 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
Exercise / conversionDeferred Stock Unit · Derivative | 16,261 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000018 · wf-form4_167582128784156.xml · derivative · entry 6 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 325,287 Underlying: Class A common stock · 16,261 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. F7 · 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 16,261 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, 2023 Filed Feb 7, 2023 20:55 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
Exercise / conversionRestricted Stock Unit · Derivative | 16,261 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000018 · wf-form4_167582128784156.xml · derivative · entry 5 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 202,860 Underlying: Class A common stock · 16,261 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. F2 · 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. F6 · derivative.exercise_date: The RSUs vested on February 3, 2023. F6 · derivative.expiration_date: The RSUs vested on February 3, 2023. Read SEC document |
| February 03, 2023 Filed Feb 7, 2023 20:55 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
GrantDeferred Stock Unit · Derivative | 51,504 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000018 · wf-form4_167582128784156.xml · derivative · entry 4 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 309,026 Underlying: Class A common stock · 51,504 shares Expires not disclosed 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 51,504 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, 2023 Filed Feb 7, 2023 20:55 UTC |
Cifu Douglas ADirector · Chief Executive Officer
|
GrantRestricted Stock Unit · Derivative | 77,254 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000018 · wf-form4_167582128784156.xml · derivative · entry 3 Cifu Douglas A · CIK 0001573283 · Director · Chief Executive Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 219,121 Underlying: Class A common stock · 77,254 shares Expires not disclosed F2 · 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 three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. F3 · derivative.expiration_date: The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. Read SEC document |
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | GrantRestricted Stock Unit · Derivative | 34,764 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · derivative · entry 6 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 59,524 Underlying: Class A common stock · 34,764 shares Expires not disclosed F4 · 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. F6 · derivative.exercise_date: The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. F6 · derivative.expiration_date: The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. Read SEC document |
|
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | Exercise / conversionRestricted Stock Unit · Derivative | 8,130 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · derivative · entry 5 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,760 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: 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. F5 · derivative.exercise_date: The RSUs vested on February 3, 2023. F5 · derivative.expiration_date: The RSUs vested on February 3, 2023. Read SEC document |
|
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | Tax withholdingClass A common stock | 11,832 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · nonDerivative · entry 4 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 123,272 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 |
|
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | GrantClass A common stock | 23,177 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · nonDerivative · entry 3 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 135,104 F3 · price: Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of $19.4164. Read SEC document |
|
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | Tax withholdingClass A common stock | 4,151 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · nonDerivative · entry 2 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 111,927 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 |
|
| February 03, 2023 Filed Feb 8, 2023 01:57 UTC | Exercise / conversionClass A common stock | 8,130 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000020 · wf-form4_167582145474200.xml · nonDerivative · entry 1 Cavoli Stephen · CIK 0001736674 · EVP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 116,078 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, 2023 Filed Feb 8, 2023 01:56 UTC |
Fairclough BrettCo-President & Co-COO
|
GrantRestricted Stock Unit · Derivative | 34,764 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000019 · wf-form4_167582138319737.xml · derivative · entry 6 Fairclough Brett · CIK 0001788170 · Co-President & Co-COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 59,524 Underlying: Class A common stock · 34,764 shares Expires not disclosed F4 · 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. F6 · derivative.exercise_date: The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. F6 · derivative.expiration_date: The RSUs vest in three equal installments on February 3, 2024, February 3, 2025 and February 3, 2026. Read SEC document |
| February 03, 2023 Filed Feb 8, 2023 01:56 UTC |
Fairclough BrettCo-President & Co-COO
|
Exercise / conversionRestricted Stock Unit · Derivative | 8,130 | $0.00 | $0.00 |
DisclosureSEC source: 0001592386-23-000019 · wf-form4_167582138319737.xml · derivative · entry 5 Fairclough Brett · CIK 0001788170 · Co-President & Co-COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,760 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: 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. F5 · derivative.exercise_date: The RSUs vested on February 3, 2023. F5 · derivative.expiration_date: The RSUs vested on February 3, 2023. Read SEC document |
| February 03, 2023 Filed Feb 8, 2023 01:56 UTC |
Fairclough BrettCo-President & Co-COO
|
Tax withholdingClass A common stock | 9,121 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001592386-23-000019 · wf-form4_167582138319737.xml · nonDerivative · entry 4 Fairclough Brett · CIK 0001788170 · Co-President & Co-COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 87,005 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 |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.