Quick Christopher C 4

What Happened

• Christopher C. Quick, a director of Virtu Financial, had derivative units convert on July 1, 2026 (3,392 units) and the same 3,392 shares were recorded as disposed at $0.00 (derivative). On the same date he received an award of 2,504 RSUs (no cash paid). No cash proceeds or purchase price are reported for these transactions.
• The conversion/disposition lines indicate a conversion of derivative awards (M = exercise/conversion) with an immediate disposition at $0, which is commonly reported when shares are net-settled or withheld to satisfy tax or other obligations. The 2,504-unit entry is a grant/award of RSUs (A) that vests later.

Key Details

• Transaction date: July 1, 2026; Form filed: July 6, 2026.
• Transactions reported:
  • M: 3,392 derivative units converted (acquired) and 3,392 derivative shares disposed at $0.00.
  • A: 2,504 RSUs awarded (acquired) at $0.00 (no cash).
• Shares owned after the transaction: not provided in the summary data.
• Footnotes:
  • F1: Shares issued in settlement of vested RSUs under the company’s management incentive plan.
  • F2: Each RSU represents a contingent right to one share.
  • F3: Certain RSUs vested on July 1, 2026.
  • F4: Other RSUs vest on July 1, 2027.
• Filing timeliness: filing date is July 6, 2026; the report does not state a timeliness flag here.

Context

• These entries reflect RSU activity rather than an open-market purchase or sale. The conversion + immediate disposal at $0.00 typically reflects net settlement or share withholding (e.g., to cover taxes) rather than a market sale with cash proceeds. The 2,504 RSUs are a grant that vests on July 1, 2027 and represent a contingent right to future shares.