Braun III Francis A 4

4 · ITG, Inc./DE/ · Filed Jul 7, 2026

AI-generated summary of this filing

Updated Jul 7, 2026

ITG Director Francis A. Braun III Buys 1,200 Shares, Receives RSU Award

What Happened

Francis A. Braun III, a director of ITG, reported two transactions on 2026-07-02: an award of 7,500 restricted stock units (RSUs) (reported at $0.00) and an open-market/private directed purchase of 1,200 shares at $16.00 each, totaling $19,200. The RSUs are a contingent right to receive shares upon vesting; the purchase was part of a directed share program connected to the issuer's initial public offering (IPO).
The purchase is a straightforward buy (potentially interpreted as a modest bullish signal), while the RSU grant is a compensation award subject to vesting conditions.

Key Details

Transaction dates: 2026-07-02 (both items). Form 4 filed 2026-07-07 (appears timely).
Prices/values: 1,200 shares @ $16.00 = $19,200; 7,500 RSUs reported at $0.00 (award).
Codes: A = Award/Grant (RSUs); P = Purchase (directed share purchase).
Vesting (RSUs): RSUs vest in full on the earlier of (i) the day before the first annual meeting after the grant or (ii) the one-year anniversary of the grant, subject to continued service.
Directed share program: the 1,200-share purchase was made pursuant to the issuer’s directed share program for the IPO.
Shares owned after the transactions: not specified in the provided filing.

Context

RSUs are a common form of equity compensation and represent a contingent right to receive stock if vesting conditions are met; they are not immediately tradable shares until vested and delivered.
Directed share purchases in an IPO are routine and allow insiders to buy shares at the offering; the disclosed purchase here was relatively small ($19.2k).
Filing appears timely (Form 4 filed within the SEC’s reporting window), so no late-filing implication is indicated.

Form 4

Period: 2026-07-02

Director

Transactions

Award
Class A common stock
[F1]
2026-07-02+7,500→ 7,500 total
Purchase
Class A common stock
[F2]
2026-07-02$16.00/sh+1,200$19,200→ 1,200 total

Footnotes (2)

[F1]Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of Class A common stock upon vesting. The RSUs shall vest in full on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of grant and (ii) the one-year anniversary of the date of grant, in each case, subject to the Reporting Person's continued service through the applicable vesting date.
[F2]Represents shares of Class A common stock acquired pursuant to a directed share program as part of the issuer's initial public offering.

Signature

/s/ Christopher H. Mecray, as attorney-in-fact for Francis A. Braun III|2026-07-07

1 file