Virtu Employee Holdco LLC 4
4 · Virtu Financial, Inc. · Filed Apr 2, 2021
Insider Transaction Report
Form 4
Virtu Employee Holdco LLC
Director10% OwnerOther
Transactions
- Disposition to Issuer
Class C common stock
2020-08-10−60,000→ 5,283,382 total - Disposition to Issuer
Class C common stock
2020-11-13−240,000→ 5,043,382 total - Disposition to Issuer
Class C common stock
2021-02-16−36,581→ 5,006,801 total - Disposition to Issuer
Non-voting common interest units of Virtu Financial LLC
2020-08-10−60,000→ 5,283,382 total→ Class A common stock (60,000 underlying) - Disposition to Issuer
Non-voting common interest units of Virtu Financial LLC
2021-02-16−36,581→ 5,006,801 total→ Class A common stock (36,581 underlying) - Disposition to Issuer
Non-voting common interest units of Virtu Financial LLC
2020-11-13−240,000→ 5,043,382 total→ Class A common stock (240,000 underlying)
Footnotes (2)
- [F1]Virtu Financial Units and corresponding shares of Class C Common Stock were distributed to electing employees and then exchanged for the same number of shares of Class A Common Stock in accordance with the terms of the Exchange Agreement (as defined in Footnote 2).
- [F2]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.