GRANO JOSEPH J JR 4

What Happened Joseph J. Grano Jr., a director of Virtu Financial, had 3,392 restricted stock units (RSUs) vest and be settled into shares on July 1, 2026 (recorded as an exercise/conversion of a derivative). At the same time he was granted 2,504 additional RSUs that will vest on July 1, 2027. These were non‑cash compensation transactions — shares were issued in settlement of vested RSUs and new contingent RSUs were awarded; no open‑market purchase or sale occurred.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (filing appears late under the 2‑business‑day rule).
• Transactions reported: 3,392 RSUs converted/settled into shares (code M) and 2,504 RSUs granted (code A).
• Price/consideration: $0.00 shown for the grant/settlement — compensation issuance, not a cash trade.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: (F1) shares issued in settlement of vested RSUs; (F2) each RSU represents the contingent right to one share; (F3) RSUs vested on July 1, 2026; (F4) the newly granted RSUs vest July 1, 2027.

Context This is routine equity compensation for an insider (awards and settlement of vested RSUs), not an open‑market buy or sale. For retail investors, such awards signal standard executive/director compensation and do not by themselves indicate a personal purchase or sale conviction. The late filing may be noteworthy for compliance/timeliness tracking but does not change the economic nature of the transaction.