Gambale Virginia 4
Research Summary
AI-generated summary
Virtu Financial (VIRT) Director Virginia Gambale Sells 2,950 Shares
What Happened
Virginia Gambale, a director of Virtu Financial, sold 2,950 shares of the company's Class A common stock in an open-market sale on February 5, 2026, at $37.50 per share, generating $110,625 in proceeds. This was a sale (S), which is frequently routine insider cashing-out rather than a bullish signal.
Key Details
- Transaction date and price: Feb 5, 2026 — 2,950 shares sold at $37.50 each.
- Total value: $110,625.
- Shares owned after transaction: Not specified in the filing.
- Footnotes in the filing: F1 — RSUs granted under the Issuer's Amended and Restated 2015 Management Incentive Plan represent a contingent right to one share each; F2 — those RSUs vested on July 1, 2021.
- 10b5-1 plan or sale program: None disclosed.
- Filing timeliness: Form 4 was filed Feb 6, 2026 (one day after the transaction), consistent with the typical two-business-day reporting requirement.
Context
The sale involved shares tied to previously granted RSUs (per footnotes), which vested in 2021. Sales by directors are common and do not by themselves indicate the company’s future performance; purchases generally carry more informational weight for investors.