Viola Michael T 4

4 · Virtu Financial, Inc. · Filed Jul 6, 2026

AI-generated summary of this filing

Updated Jul 6, 2026

Virtu (VIRT) 10% Owner Michael T. Viola Receives Shares via Conversion & RSUs

What Happened

Michael T. Viola, a reported 10% owner of Virtu Financial (VIRT), converted/ exercised derivative interests for 3,392 shares and had 2,504 restricted stock units (RSUs) vest and be settled into shares on July 1, 2026. The filings show $0.00 prices — these were conversions/settlements, not open-market purchases or cash sales. Net effect reported in this Form 4: +2,504 shares (3,392 acquired and 3,392 disposed as part of the derivative conversion, plus 2,504 issued in settlement of vested RSUs).

Key Details

Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
Reported transactions:
- Exercise/conversion of derivative (M): 3,392 shares acquired (price N/A) and 3,392 shares disposed at $0.00 (derivative).
- Grant/award (A): 2,504 RSU-settled shares acquired at $0.00.
Net increase in shares from this filing: +2,504 shares.
Shares owned after transaction: not specified in the filing.
Relevant footnotes:
- F1/F2/F3: 2,504 shares were issued in settlement of RSUs that vested on July 1, 2026; additional RSUs vest on July 1, 2027.
- F5: Conversion rights reflect an Exchange Agreement allowing Virtu Financial Units/C shares to be exchanged one-for-one for Class A common stock.
- F6: Holdings are held through Virtu Employee Holdco LLC; the reporting person disclaims beneficial ownership except for pecuniary interest.
Filing timing: The Form 4 was filed five days after the transactions; Form 4s are generally due within two business days, so this filing appears later than the standard window.

Context

These entries reflect non‑market transactions (derivative conversions and RSU settlements), not open‑market buying or selling. The $0.00 amounts indicate shares issued or converted under plan terms rather than cash purchases/sales.
As a 10% owner (reported), Viola’s holdings include interests held via an employee holding vehicle; the filing disclaims direct beneficial ownership of units held by that entity except to the extent of pecuniary interest.

Form 4

Period: 2026-07-01

Director10% Owner

Transactions

Exercise/Conversion
Class A common stock
[F1]
2026-07-01+3,392→ 124,501 total
Exercise/Conversion
Restricted Stock Unit
[F2][F3]
2026-07-01−3,392→ 0 total
→ Class A common stock (3,392 underlying)
Award
Restricted Stock Unit
[F2][F4]
2026-07-01+2,504→ 2,504 total
→ Class A common stock (2,504 underlying)

Holdings

Non-voting common interest units of Virtu Financial LLC
[F5][F6]
(indirect: See footnote)
→ Class A common stock (52,235 underlying)
52,235

Footnotes (6)

[F1]Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Second Amended and Restated 2015 Management Incentive Plan.
[F2]Each RSU is granted under the Issuer's Second 2015 Amended and Restated Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
[F3]The RSUs vested on July 1, 2026.
[F4]The RSUs vest on July 1, 2027.
[F5]Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A Common Stock, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do not expire.
[F6]By Virtu Employee Holdco LLC, a holding vehicle through which employees and directors of the Issuer hold Virtu Financial Units and shares of Class C Common Stock. The reporting person disclaims beneficial ownership in such Virtu Financial Units and shares held by Virtu Employee Holdco LLC except to the extent of his pecuniary interest therein.

Signature

Justin Waldie, as Attorney-in-Fact|2026-07-06

1 file