Gambale Virginia 4

What Happened

• Virginia Gambale, a director of Virtu Financial (VIRT), had 3,392 restricted stock units (RSUs settle/converted) on July 1, 2026 and those RSUs were settled/converted into shares. The filing also shows a related disposition of 3,392 derivative units at $0 (reporting the conversion/cancellation), and a separate grant of 2,504 RSUs (no cash exchanged). All reported amounts per share are $0 because these were equity awards/settlements rather than open‑market cash trades.

Key Details

• Transaction date: July 1, 2026. Form 4 filed July 6, 2026 (filed 5 calendar days after the transaction; appears later than the typical 2 business‑day Form 4 reporting window).
• Specifics: 3,392 derivative units exercised/converted (code M); 3,392 derivative units disposed at $0 (reporting of conversion/cancellation); 2,504 RSUs granted (code A) at $0.
• Footnotes: RSU settlement was in accordance with the Issuer’s Second Amended and Restated 2015 Management Incentive Plan. Each RSU represents a contingent right to one share. The 3,392 RSUs vested on July 1, 2026; the newly granted 2,504 RSUs vest on July 1, 2027.
• Shares owned after the transaction are not specified in the provided filing excerpt.
• This appears to be routine compensation vesting and a new grant, not an open‑market purchase or sale.

Context

• These transactions reflect RSU vesting/settlement and a subsequent grant — common director compensation activity. Because no open‑market purchase or sale occurred (no cash spent or received), this type of filing is typically less indicative of a personal bullish or bearish market view than outright purchases or sales by insiders.
• The filing timing may be noteworthy (filed July 6 for a July 1 transaction); late Form 4s can be a compliance issue and are worth monitoring for future disclosures.